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Totally stunned to see Premier Sports picking up both ties involving Rangers and Celtic to show on TV.

Tie confirmed as taking place on Wednesday 31 August. KO at 1945.

This topic has a great deal to do with the Club. My understanding is that the Concert Company was set up as a separate company so that the profit from concerts would be channelled into the Club, but the Club would not be liable for any losses. If the concerts have made a loss, this impacts on the Club in 2 ways. Firstly, the Club would not receive the income boost hoped for. Secondly, unless they have taken out some hefty insurance premium to cover potential losses, the Directors of the Concert Company will be liable for any losses, and given there is overlap between the Directors of the Club and the Concert Company, these Directors would not be in a position to put the amount of money into the Club that they otherwise would. The financial outcome of the concerts is therefore of very considerable relevance to the Football Club. Whether the concerts made a profit or a loss, I don't know. What is clear is that there were a lot of empty seats on both nights and particularly for the Duran Duran concert. I think it safe to say that the concerts will not be providing the level of income the Club Board were hoping for. The Concert Company was set up with the idea of holding concerts on an annual basis. Large concerts with well known performers require long term planning; bear in mind that tickets for the recent Bocelli concert went on sale last June. Whilst the full accounts for the Concert Company won't be available for a long time yet, there will be some real urgency behind the scenes in assessing provisional figures and organisational problems before confirming plans for next year. If the outcome of this assessment is that concerts can take place next year in the expectation of making a profit, then we can reasonably expect an announcement of who will be performing within the next 2 or 3 months. We are also still awaiting a date for the Club AGM when we can expect to hear an update on the situation. Last year the AGM was in September so we should get some indication of how successful the concerts were in a financial sense before too much longer. On a more upbeat topic, it is good to see the announcement of a new sponsorship deal with Footasylum.

I didn't say it in my post but I absolutely agree with you that the Directors who took the risk in setting up the Concert Company should be applauded. But I don't understand why you disagreed with my post as in your post you seem to be agreeing with what I said. You say "If losses are as big as is suggested it is highly unlikely that the directors would take the risk again." Again, I agree with you, but the consequence of that is as I stated, that the club would not then benefit from the income streams the Concert Company was set up to provide. I also don't understand why you say this thread has nothing to do with the club when you yourself acknowledge that the Concert Company was set up to generate income for the Club. I agree that the original post with its unsubstantiated, speculative claim is not helpful, but topic of the success or otherwise of the concerts is an important one and is very much relevant to the club.

Most of what you say is pure speculation, directors investing in club, expected income from concerts etc etc. If losses are as big as is suggested it is highly unlikely that the directors would take the risk again. The FC directors are responsible for generating income for the company to survive and the two FC directors who took the risk setting up the Concert co should be applauded, on the assumption that it was created solely to generate income for the FC. In my opinion, this should be moved to another area of the site.

As someone has already said, it is generally the promoter that takes the hit in something like this so don't think this impacts on the club financially. This just looks like another of the anti club/board rants by the original poster who appears to have a huge dislike for the club.