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Celtic income down 21% after drop from Champions League

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By on CQN BLOG & Comments

Celtic’s turnover slipped 21.1% last season to £51.08m (2014: £64.74m), almost wholly explained by the drop from Champions League to Europa League competition. Operating expenses dropped by a smaller amount to £53.27m; higher than income, but by a very manageable amount.

The club’s cash position at 30 June 2015 was a positive £4.72m, although this figure will stray into negative territory during the season. Net exceptional costs were down to £740k, considerably less than the £4.089m paid out a year earlier, when the management team moved on.

Profit on the sale of intangible assets (football players) was £6.773m, down considerably from the £17.052m from the previous season, and a bit of a surprise given the expected impact of Fraser Forster’s sale to Southampton. It’s possible that Newcastle United received a dividend from the Forster sale. Total loss for the year, after interest, disposals and acquisitions, was £3.947m.

“Investment in football personnel” was up slightly to £9.42m, the amortisation charge for the year was £7.313m.

It’s clear that Celtic can continue to operate at current levels but the impact of Champions League revenue on all aspects of the club remains stark.

On the club’s wider place in society, chief executive, Peter Lawwell, noted:

“Charity forms a fundamental aspect of the club that we aspire to create. Charity lies at the very heart of Celtic; it is part of our DNA.

“I am delighted to say that the Club and its supporters does more now than we ever have done for charitable purposes, most notably Celtic FC Foundation, which continues to grow from strength to strength and to inspire all those involved with it.

“The continued commitment of our supporters, shareholders and partners is crucial; I thank you for that commitment, which we will do all that we can to repay.”

Only four days to go for the hospitality auction to win an outstanding day for three people. Lunch and drinks at the Walfrid plus watching Celtic-Dundee from the directors’ box, courtesy of Intelligent Car Leasing. Check out the ebay auction here. All proceeds to towards the incredible work of the Celtic Foundation.

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  1. Clashcitybhoy on

    HT,

     

    Thanks for that wee favour you did during the week, I am presuming you had passed my request to Lennybhoy

  2. sipsini on

    Cowiebhoy….

     

     

    That was meant to be in agreement with two up front.

     

     

    Reckon you knew that anaway, just thought I’d clarify it for the less learned on here like… Auldheid, Tbb, and BRTH. ;)

  3. Gerryfaethebrig on

    Clashcitybhoy…

     

     

    Obviously I meant before the markets close, am no City Bhoy, and know heehaw about football never mind business, but am sure Dermot & Peter know a wee bit more than me when to release figures, some might call it bury bad news, others might call it stopping a share price drop of hundreds of thousands, anyway, I don’t give a flying French connection UK about the business and trust me blogs like this are a drop in the ocean when it comes to supporting Celtic, if I walked into my local which is a massive Celtic pub and moaned about the accounts being released at a certain time I would be laughed out the pub, I totally understand what you are saying but if the business is running well should we be worried, anyway, it’s all about the team on the park for me and I am more interested in Siomonuvic than stock markets

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ROYCROPPIE 1120

     

     

    I’m glad I was doon in that London when the abomination you highlighted took place.

     

     

    I had to squint at the writing above the seats to be sure it was The Jungle,and you know what-it was,and it wasn’t!

  8. clunks on

    Just posted this with regard to the STV dave king interview, tell me I am wrong with regard to the payday loan aspect

     

     

    “Was chatting with a mate who happens to be a zombie current bun (they exist in the dark reaches of the huniverse)

     

     

    He was trying to explain why king was not needing to put in the 20 million he promised as he said we do not need it at this moment in time.

     

     

    I then asked why the company was gona exist on short term loans from the 3 bears??

     

     

    He explained that was what the comapny required. Short term investment instead of long term.

     

     

    Took a deep breath and asked if it was like a payday loan??

     

     

    When your credit is shot to shit and you cant get an overdraft or a loan you get a payday loan.

     

     

    One that is front loaded and designed to fuck you in the ass.

     

     

    Like rangers not being able to secure long term funding they take the short term business payday loan that will, in likely terms, leave them with a sore ass!!

     

     

    There you have it ghuys. king has publicly admitted that the huns cannot get credit for an appropriate long term business loan and are now preparing to bend over and get a$$ raped for a business type payday loan.

     

     

    Safe to say, he aint talking anymore!!

  10. Careful With That Tax, Moonbeams on

    BANKIEBHOY1 on

     

    11TH SEPTEMBER 2015 10:59 PM ..

     

     

    Fair enough .. Just sounds like some hun kent .. Calling Ireland, Oriland ..

     

     

    Disparaging ..

  11. bankiebhoy1 on

    DD

     

     

    :))))

     

     

    That’s a trick question ya bam, so preposterous that no Tim born within the comfortable environs of the People’s Republic of Clydebank could ever conjure with!

     

     

    HH.

     

     

    TheManFromAtlantis CSC

  18. Almore on

    Butsybhoy: with all your contacts in the ‘Free State’ can you get me tickets for the All Ireland football final on Sept. 20th? Do your best.

     

     

    Up the Dubs:-)

  19. Gerryfaethebrig on

    BMCUWP 11.12

     

     

    Family & Celtic………..it’s all that will ever matter, and most definitely in that order, as I posted the other week, your posts about you and your father are much appreciated (as well as envied) in a very good way !

  21. clunks on

    Tell me am wrong??

     

     

    Dave Keech has went on national TV and said that the huns are now accepting pay day loans as an acceptable for of business funding!!!!

     

     

    No one else get this??

  25. ziggydoc1 on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11TH SEPTEMBER 2015 11:02 PM

     

    COWIEBHOY

     

     

     

     

     

     

    Pat Stanton played less than a year with us. I’ve just woken up,but my inner pedant never sleeps!

     

     

     

     

     

     

    Signed in September 76 and injured August 77.

     

     

     

     

     

     

    I think his injury was the first one we suffered that season. It was far from the last. It was like Emergency Ward 10…

     

     

    _——————————————————————-

     

     

    My memory isn’t what it used to be but I always thought we got two seasons out of Stanton.

     

     

    A real Hibs legend and a guy who oozed class in the Connolly mould. He could play sweeper or midfield and would be worth a fortune today.

     

     

    As disappointed as I am at not being in the CL, I think the reality is that we’ve not been at the top of European competition for most of our existence.

     

     

    I’d like guys to sign for Celtic without spouting any ” I want to play CL” guff. I go to watch Celtic every week and now want us to sign a team who simply want to play for us, without having to sell the mythical CL card.

     

     

    Surely we can develop a team, including that rare breed of top class strikers, from the confines of our own shores. For me, the buy and sell on strategy is past its sell by date.

  29. Canamalar on

    Roy..,

     

    Good to see you back.

     

     

    The Celtic supporters would never accept a team being slaves to a system, that’s what MrStein said anyway, but that’s exactly what we’re being told to accept , a rigid system where players must conform.

  30. BGX on

    Looking Forward to the game at aberdeen , with Virgil and JD at the back i would have no doubts, but that was Then and this is Now, I really Hope we win…Now its off to Jacksonville, Where the Gorgorgeous Ms Diamond awaits me…Peace and Love…HH

  34. TheLurkinTim on

    Clunks

     

     

    yer not wrong…..it’s even better…..Sevco are in limbo…..fated to die a total death…..means we’ve lived through R#ngers 1872 death & ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha…..thats it & R#nkers death soon…..ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha…..how many of us coulda/shoulda/woulda REJOICE in it…..;-))

     

     

    H.H.

  36. Melbourne Mick on

    Hello again all you young rebels.

     

     

    Cowiebhoy

     

    Always wondered that myself, why big Peter never got a testimonial.

     

    I loved him and although we’ve had better keepers over the years he

     

    was and still is a big favourite of the fans.

     

    My personal best memory of him was at a game against Clyde at

     

    Shawfield on bitterly cold night and you could barely walk the streets

     

    for thick ice but for some reason the game was still played and with

     

    hardly a soul in the park and the small terrace across from me

     

    completely empty when in came about a dozen or so young tims

     

    all absolutely blootered with their cairyoots all singing and dancing

     

    as if we had just won the big cup again, then one would fall ,they

     

    would pick him up and then another would fall it was so funny, and

     

    as they had the terracing to themselves they tried running along and

     

    back with arms extended like aeroplanes, then they started the Peter

     

    Latchford chant and give us a wave which the big Mhan obliged and

     

    with a wee dance to keep them amused.

     

    Don’t remember much about the game but that little cameo has

     

    stuck in my auld foggy brain for years.

     

    H.H Mick

  37. butsybhoy on

    Almore

     

     

    I was over last week doing a wee bit of business all the guys i spoke to thought i was mad.

     

     

    Hey can you get me two briefs for the Dubs Match week on Sunday.MMM sorry they are Gold dust

     

    fine then …The deal is off…Horsebox.

     

     

    Trying my best pal not looking good. all the clubs have it sown up.

     

     

    HH

  41. NegAnon2 on

    Celticrollercoaster can you explain two things then my friend?

     

     

    Why did Paul say it was due to the management team leaving ( a wee slip of the tongue I think)?

     

     

    Why wasn’t it included under amortisation then? Or what is extra amortisation?

     

     

    QF errr. You will find it was Paul who quoted the 4m figure. Why don’t you shout at him.

     

     

    BCW your slip is showing. As much as I like it shooting messengers is a wee bit childish. I have never been gleeful when we get beat. Angry yes but never gleeful.

     

     

    And in a nutshell that sums it up. Clever, educated Celtic supporters makimg up lies because they don’t want to hear any criticism of a board which is an active particant in corruption.

     

     

    I find it so sad. But then again my experience tells me that most people, faced with the challenge of what the board have done to us, wilt I to submission.

     

     

    And that’s why we are here. Despite ronnys complete crap about us being stronger we are far weaker. We are being lied to repeatedly. Again and again.

     

     

    And yet you lap it up. Like a lapdog. But man you love slagging the Hun for it.

     

     

    They screwed up through avarice. We are screwing up,through cowardice.

     

     

    And man we love to crow don’t we?

     

     

    Look at the stupidity of the Huns, we could never be like that. Not us.

     

     

    But don’t you dare criticise us. Cos we are beyond criticism.

     

     

    But please everyone. Don’t think about the pathetic performances on the pitch or in the boardroom.

     

     

    If you do you are disloyal, stupid and all the names you have called me for daring to pony out the stupidity.

     

     

    The Huns are about to return and we are getting worse every year. Thanks to the lack of ambition we are co,img down to their level. We clearly want to be screwed.

     

     

    You caused this. You wanted it.

     

     

    When I’m two to three years from now we are wallowing in the cheating and nunnery and bigotry. And you are on this site complaining? Don’t!

     

     

    You caused it by your apathy. You are part of it and you are perpetuating it for your children.

     

     

    All those crap empty boasts about the Huns children being Celtic supporters.

     

     

    Naw. Your grandchildren will be asking how Celtic could have possibly screwed this up. My god I am asking it now and don’t have an answer.

     

     

    But you sychophants. Look in the mirror.

     

     

    You propped it all up.

     

     

    Congrats.

  42. Turkeybhoy on

    Dont worry,when the Huns come back up next year,that 21 percent in income we have lost,will be more than made up,by the fans who”Dont miss them”and will come flocking back.You know the ones”Faithful through and through”You can say what you like about lawell,but he was bang on with his quote about how much we are down without the huns in the league.

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