Astonishingly good financials underpin on-field success


“Astonishingly good”, does not even begin to tell the story. Celtic’s financial record for the year to 30 June 2017 is a work Michelangelo would be proud of. Income topped £90m for the first time. Your eye may have been drawn to the leap from the previous years’ turnover, £52m, a figure achieved without Champions League football, but that only tells part of the tale.

Turnover had never previously reached £80m, peaking just shy of £76m the season we beat Barcelona, sold 125 Anniversary merchandise, and earned north of £5m for reaching the Champions League knockout stage.

Champions League income was most significant contributor, but there has been considerably going on. Commercial income rocketed. You saw Dafabet step forward, with Magners finding new real estate on the shoulders of the strip. These front-and-back of the shirt deals were not only innovative, they funded the risk Celtic were prepared to take in signing Brendan Rodgers as manager.

With Brendan’s contract funded, Celtic brought their chips to the table. £13.8m was invested in the playing squad, a figure we would consider eye-watering at any previous point in our history. Progres to the group stages of European football is never guaranteed, but the building blocks were in place to ensure we had a sporting chance.

The consequence of all this is Invincibleness. We didn’t deliver the country’s first undefeated treble because we have some magic potion, it happened because we are significantly better run and more resourceful than all domestic competitors. No team has ever enjoyed this degree of comparative advantage in the history of sporting endeavour in Scotland.

At year-end our net cash position (bank balance minus loans) was £17.9m It is easy to consider this as a reserve, but it’s not. Our reserve is our available borrowing facility (as it always has been). The cash balance will be used to build infrastructure, keep the stadium safe and appropriate, and deliver a stronger team on the park (and for those thinking money in must be spent in the next available window, it just doesn’t).

Back in the old days, I would benchmark our accounts against Rangers, whom we were engaged in a football arms-war with. We’ll do that with Newco when their figures are available, as it will only tell you the reasons behind what you are seeing. Newco’s turnover for the previous year (lower league football), was £22m. We will turnover a magnitude of three times as much as they do. It is as appropriate to compare us to Kilmarnock.

I get to see a wee bit of the stresses and strains of what it takes to produce a successful football club in a challenging environment – and we operate in a very challenging environment. The commercial deals we have delivered are incredible. Ticket sales have been just as remarkable.

We have a great deal to do if we are to match last season’s domestic success in the current campaign, but all other things being equal, turnover will be up again this season. A win on Wednesday night and £100m just might be within reach.

Well done to all of you.


To get you in the mood for tomorrow we thought we’d re-post the launch edition of the CQN Podcast – A Celtic State of Mind, for you to enjoy. If you missed it the first time around you are in for a real treat.

You’ll love Paul Gallagher’s Celtic stories and will enjoy his digs at Sevco Rangers, specifically his forcefully stated views on the same club myth.

Paul is featured in the second half of the podcast if you want to jump forward…

The CQN Podcast is presented by Paul Dykes with Kevin Graham and you can catch up on all the subsequent podcasts on Celtic Quick News.


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  1. jmccormick on 23rd September 2017 8:10 am



    Too many Tims predicting 4-0, 5-0 etc,,,





    Arrogance is not a trait that sits well with our club. Would we be expecting those scorelines at Tynecastle or Pittodrie? I have been to Ipox many times as favourites and been handed a lesson in how to fight like f@ck for a draw or anything.





    The Orcs are angry and have nothing to lose. We will have to play well to get anything against the institutions set out against us. HH





    Spot on. I would take 0 – 1 and anything else is a bonus.

  2. GlassTwoThirdsFull on

    Gordon Smith on the radio saying he thinks “Rangers” will go 5-4-1-1 as it’s the only way they could win. Think he could be right!

  3. Scullybhoy,



    Chill ffs….forget all the hubris…..and the expectation…..if we turn up…..and leave with the 3 points…..injury free….I’ll be a happy Tim ☺




  4. GlassTwoThirdsFull on

    Scullybhoy 8:39


    Spot on. I would take 0 – 1 and anything else is a bonus.




    2-0 would do me. Anything bigger might put a bit of pressure on Caixinha.


    Play keep-ball for the last 25 minutes with Anderlecht in mind.

  5. They will be at their most vile today.Been reading Monkey Media this morning.Their bile is choking them.Their stupidity at an all time high,and thats saying something.They really are the most disgusting,rabid,excuse for humanity.Hard to find words to express my loathing of them.


    Anyone who thinks Wednesday will be on the minds of Broony,Griff,KT,are way off the mark.We have a team here who revelled in gubbing them last season,rubbing their noses in it.That wont change today.If we get the smell of blood in our nostrils,we will go after them.Big time.


    A 2_0 win would suffice,but anything more will be fantastic.


    Go get em Hoops.

  6. This is the day, a hunskelpin’ we will go:))



    Another drubbing will set me up nicely for Wednesday and I am absolutely sure Brendan and his team will be 100 % focussed on today’s game and putting the huns to the sword..



    A victory today will be the end of the “title challenge” for another year and again I’m sure guys like Broonie, Griff, Moussa and Big Mik will be relishing the thought of committing this rubbish to the dustbin of the SPL:))



    Come On You Bhoys In Green

  7. Macjay


    May see Rab during the week- will say hello for you



    No complacency to-day bhoys!


    Get tore in

  8. Any win today will do. I think the Celtic players will be well up for any battle. Hoping to see us avoid injuries and red cards. Don’t like the insidious linking by the media of possible red cards during game followed by Scott Brown’s name by way of possible examples.



    Do the business Bhoys. Collect the three points and get out of that rabid den.



    Hail! Hail!

  9. I really enjoy the work of the averages bear on Rangers media.



    Like this, from Blue Avenger -right leadership in place, step up the quality of players…. a great effort. I thoroughly agree with him (or her) about the leadership btw. Perfect manager and board in place.




    Posted 43 minutes ago


    Win, lose or draw Pedro will remain.



    We are expected to lose and understandably so given their quality.



    A tall order even with all players available, but with our injuries it’s back to makeshift. That said, it’s football and we can sneak it. We will need to work our balls off and not get drawn in to the cynical shite the scum are well rehearsed in. Just remain focused.



    Let’s not kid ourselves, even if by some remote chance we do win, we will not be challenging as it’s obvious to a blind nan, they do have better quality and until the gap is closed, there will be no sustainable challenge for any title, but we can savour the moment and give us belief. It maybe the signal to the board that we now have the right leadership in place to make that necessary investment to step up in the quality of player we go for.



    Lady luck again seems to conspire against us with our injuries. I’ve got the fear and dread another drubbing, but something also tells me, we can do this.



    It is the first old firm for many of our players, so win, lose or draw, let us show them what loyalty is and drive them on to victory.



    That there will be No Surrender to those sorry taig (redacted).


    Arrived at Liverpool St station with a mind-numbing 40 minutes to spare.



    Wearing my Côte d’Ivoire top,a rather fetching Green White and Gold.



    Struck Gold-a pub that’s open!



    Didnae think this through,full of unhappy ‘ammers drawing me daggers!!



    Huvnae even got the guid trainers on,so I’ll just need to brass it out-first one didn’t appreciate my short reply wi a lot of f’s in it.

  11. A back 4 of Tavernier,cant defend,Mc Crory,our youths roasted him,Morelos,a balloon Hibs tore apart,Hodson,about 4th choice,against our forwards.Honestly,if that were us going in to this game,how would we feel?.


    That back 4 is no better than something Ross County could muster up.Some on here getting taken in with the same thing teams coming up against them do.Thinking they are “Rangers”,a big team.Did anyone really watch them toiling against Thistles,bottom of the league,forwards?.If we are at it today,we could inflict real damage.





    Agreed. The amount of effort put in by CELTICBYNUMBERS is mind-boggling.



    He deserves all the kudos he gets.

  13. Morning bhoys and ghirls.


    I’m so calm about today’s game it’s starting to unnerve me.I don’t predict a pumping but can’t see us lose unless we all have an off day at once,from Brendan all the way down through the squad.And that’s unlikely.


    Bhoys turn up,everything’ll be A-OK.Hope our supporters get in and out safely,too.Then onto the real business on Wednesday.


    Don’t care too much about old club new club debate today,just happy if we heap hurt on the heinous hun hordes (definitely same flies).That always brings satisfaction.


    So bhoys,go to it,get it done,and get out of (tax) dodge.








    When you pick a horse in a race,it’s done by studying form.






    Seen a few loud yins in my time,though.

  15. AROMANANONLY1 on 22ND SEPTEMBER 2017 11:34 PM


    LYMMBHOY – Any chance you’ll get a link for tomorrow? Out in Greece and getting a big nervy :-)






    Will try my best…….if not try YouTube (don’t know why but Sevco games frequently shown live there)








    TAP AND BARREL was a great place for the Tims in Swindon,but Groves Inn is the only place 100% certain to show it.



    Very central-and 50 yards from the best Guinness this side of the Irish Sea.



    Sir Daniel Arms-just ask,though you canny miss it!-at £2.49 a throw.



    This is a public information message from the Swindon Tourist Board.

  17. onenightinlisbon on

    Should be no more important to us than an away game against Hibs or the Dandy Dons but it is!



    We listen to the garbage being spouted by our so called press and the rantings of the Sevconian hordes and we want to punish them in the best way possible, on the park.



    Brendan will have the lads turn in another professional performance today, I have no doubt after all it’s only three points…………

  18. A few indulging in handwringing this morning.



    Well, no existential angst or guilty conscience here, or worry about how i come across- I want those Hun vermin savagely pumped at their own Circus Of Horrors and the vile Peepil put back in their smelly wee chocolate orange boxes, perma-rage ramped up to 11.



    Five, please, Hoops. Anderlecht will – and should – take car eof itself. Today is about domination, payback for decades of cheating, abuse and degredation of a people and a support. Fck them, well and truly.

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