19 years after last having money in the bank, all we needed was ‘Armageddon’ to allow Celtic to return to the black.
Despite a drop in income from domestic football turnover increased an incredible 47.7% to £75.82m thanks to participation in the Champions League, leaving a balance of £3.76m in the bank (after season ticket money arrived in) on 30 June 2013.
The profit for last season of £9.74m more than made up for the loss of £7.37m made when competing with others who were subsequently found to be unwilling (not just unable) to pay their bills.
This summer’s transfers were split between the financial year just reported and the current period, with a £9.66m investment in football personnel and £5.19m recouped from player disposal (clearly the Wanyama sale was post-year-end.
These figures are retrospective and would have read hollow if the club didn’t reach the Champions League again this season. With that status achieved we are now in a remarkably strong position to continue to scout, recruit, develop talent and improve the playing squad.
More detailed analysis tomorrow.
1254125 at The Great Scottish Run.
On Sunday 6 October there is a 10k and Half Marathon. If that is beyond you. There are family events taking place the day before. This is your club, remind the world of what really counts and get involved in 1254125.
The first thing you need to do is sign up for the Great Scottish Run, or here for one of the family events.
Once you’ve done that, you can register for the 1254125 campaign here.
Then you can create a donations page here. Click Start Fundraising, search for Celtic Charity, setup your My Donate account).
Email me and let me know if you are having trouble signing up or need any more help, celticquicknews@gmail.com.
To read the new issue of CQN Magazine click here (don’t try to read the graphic below).
[calameo code=000390171853d2bfc4f69 lang=en page=4 hidelinks=1 width=100% height=500]
592 Comments- Pages:
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Turkeybhoy
16:35 on
23 September, 2013
Where is old “Charlie Chuckles when you want to compare bank accounts?.
Well done to all at Celtic,from the board down to the scouting staff.With this seasons CL money,and Vic and Hoopers cash,we are in wonderful shape.
Still could have done with a PROVEN striker though.
Hopefully we have the guy in to do that for us.
Turkeybhoy
16:48 on
23 September, 2013
Dont know about anyone else,but I am sick reading in the MSM about the outbreak of naked sectarianism and bigotry down Govan Rd way at the weekend.Have these people nothing better to write about?!!!!!!!!!!!!!.
All very encouraging…
Credit where credit is due.
As things stand next seasons figures should be more impressive,
with CL participation and the excess from player sales.
And That’s before Matthews potential future world record beating
transfer to Real Madrid ;-)
If we can produce some more San Siro-esque performances
I’d imagine the value of our current playing squad will also have
increased somewhat…
Remarkably strong position indeed.
What happened to the Seville debt?
Good news on the accounts………
Anyone know if they include the money for “Zheng Zhi”……….???????
Sevco Statement…………………..”Nobody is looking for our published accounts everythings fine”
From Twitter
2m
Arsenal turnover £242.8m, yet record £3m less profit than Celtic. #EPLFinancialMadness”
————
We prosper and thrive when all around us …..well dont :)))
Memo to our board
We dont need no stinkin huns!!!!!!!!!!!!
Waaahhhaaaahhhhaaaa
FF rips Celtic’s accounts apart:
“There not do that well considering the CL money and they fact they had to sell wanymma and hooper. Taking these factors out then the figures are poor.”
——
“I take it they shoved their 34m security debt to the back of page 84?”
——
“Profit when in debt is no profit at all!”
How easy is it to pull the wool over these numpty accountants eyes?.A pure dawdle man.Not one of them spotted the £30 odd million that we are in debt for.
Angry from Govan will be investigating this,no doubt.
cliftonville celt from belfast praying for Oscar the wee legend
16:55 on
23 September, 2013
BGFC
What shares do you buy ? There are 2 types coming up on that website ordinary shares and 6% ordinary shares ?
+++++++++++++++++++++++++++++++++++
Hi cliftonville celt
My account appears to have activated now (very quick!). I’m just checking – there are actually three types of shares –
“Celtic plc (CCP) Ordinary 1p” – [price is 64p each]
“Celtic plc (CCPA) 6% Cnv Cum Prf 60p” – [price is 70p each]
“Celtic plc (CCPC) Cnv Pfd Ordinary GBP1” – [price is 130p each]
Come on you financially aware chaps – which ones (and how many) do CC and me have to buy to allow them to be counted as a proxy in Canalamar’s resolution.
Definitive answers only please – no guesswork / theories (I have them myself!)
HH
BGFC
DBBIA,
I raised the matter of the ole Co-op Bank some months ago. Nobody seemed too concerned.
B B
Yes I knew cutting a pancake roundabout was an offence but I didnt know going over 20 was.
Is it really £4.60 a pint at Celtic Park?
Monaghan1900
17:17 on
23 September, 2013
FF rips Celtic’s accounts apart:
“There not do that well considering the CL money and they fact they had to sell wanymma and hooper. Taking these factors out then the figures are poor.”
——
“I take it they shoved their 34m security debt to the back of page 84?”
——
“Profit when in debt is no profit at all!”
The last comment is a belter.How good is their pain?.
Re- post from over the page…
cliftonville celt from belfast praying for Oscar the wee legend
16:55 on
23 September, 2013
BGFC
What shares do you buy ? There are 2 types coming up on that website ordinary shares and 6% ordinary shares ?
+++++++++++++++++++++++++++++++++++
Hi cliftonville celt
My account appears to have activated now (very quick!). I’m just checking – there are actually three types of shares –
“Celtic plc (CCP) Ordinary 1p” – [price is 64p each]
“Celtic plc (CCPA) 6% Cnv Cum Prf 60p” – [price is 70p each]
“Celtic plc (CCPC) Cnv Pfd Ordinary GBP1″ – [price is 130p each]
Come on you financially aware chaps – which ones (and how many) do CC and me have to buy to allow them to be counted as a proxy in Canalamar’s resolution.
Definitive answers only please – no guesswork / theories (I have them myself!)
HH
BGFC
jude2005 is Neil Lennon \o/
17:19 on
23 September, 2013
There’ll will have already been standard signs indicating the speed limit for that area was 20mph (now really common in residential streets). The big 20 on the road itself is just a reminder.
I’ll be honest, I’m amazed your friend didn’t realise it was an indication of the speed limit for the road he was on.
jude2005-i think the penalty is higher if it’s near a school,where you see a lot of the 20mph markings.
Parkheadcumsalford- they can’t say they weren’t warned.
At least us aul’hauns are wide awake and smellin’ the ole java
On current expenditure , excluding player transfers, and CL income Celtic trade at a loss.
CL participation is imperative if our club is not to shrink.
The risk that was taken in weakening our team before the CL qualifiers must not be repeated.
New players did not have time to settle and bed in , and therefore have had little impact on our qualification.
Players such as Wanyama would not be sold for figures as high as £12million pounds.
Had they not performed well in the CL.
The board, the management team, and the scouts have to find a way of acquiring new players .
That allows them time to settle in for CL qualification .
Success off the park , can only be obtained if we are successfull on it.
If that Karagandy rebound from the bar had fallen at a Karagandy players feet ,then there is the potential for financial disaster.
A circa £24 million drop in income , and players like Wanyama being sold for £6 million instead of £12 million.
Whilst the board will be patting themselves on the back, I hope they realise how lucky they have been .
They must learn from this close season and reduce the risk of failing to qualify for the CL.
Tens of thousands of fans are no longer attending SPL matches.
Without the glamour of CL football ,
Season tickets sales would drop again by many thousands.
Whilst there can be no guarantee of CL qualification,the board etc, must do all that they can to enhance our chances.
TT
Sevco accountants discussing accounts deadline
http://www.youtube.com/watch?v=G2DCExerOsA
Canamalar/Morrissey congratulations on your achievements on the resolution.I understand the importance of this resolution,its truth and the need for future generations to know things changed in Scottish football.
I thank you
Parkheadcumsalford
17:18 on
23 September, 2013
DBBIA,
I raised the matter of the ole Co-op Bank some months ago. Nobody seemed too concerned.
I think your raising of the matter has produced dividends!!!!!!.
Good Afternoon Timland.
All’s well with the finances then……..hardly surprising
when you charge £7 for a portion of chips and curry
sauce,a coke, and a capri sun………normally I would
not touch the stadium catering,but had the daughter
with me on Saturday ……memo to PL, drop the prices,
and sell more unit’s.
All Financial Results .. by Ahy Enterprise ,in Any Industry..
are, Skilfully and Dutifully “Cooked. tae Perfection.”
before they are Published.
Of Course some are .. Well. Over Cooked..
and end up .. as “Burnt Offerings”. and Therefore when the Oven is Finally Turned aff.. Too Late.. Some Enterprises discover that the Books are jist No Fit Fur Publication.
Sure Celtic, Indeedly.. “Cook Thur Books”..as weel. Everybuddy Does it.
That is why it is So Difficult,fur the Lay person.. Tae Comprehend the Contents of Published Financial Accounts.
Because, the Publishers hiv made Damn Sure..
That The Published Financial Report is …well.. Incomprehensible tae the General Public…
and tae some.. so called “Financial Gurus” , as Weel!
Ma Advice tae us Celtic Fans
is tae emulate the Attitude of oor Cowbhoy Heroes..
who claim .. that regarding thur Joab.. of being ..well.. Cowbhoys..
” Ah dinna Need tae Understaun ’em.. Ma Joab is Jist tae Rope, And Herd and Brand ’em”
And
Us Celtic Fans. should proclaim..after Wasting a few Hoors Pouring over those
Tantalizing, Interesting… but stubbornly Remaining… a still Very Incomprehensible Published Celtic Annual Financial Report..
“We dinna need tae understaun dem Reports..
Fur oor Interest is No oan The Money.. But, in the Sport”
We Celtic Fans… jis Luv the Celtic..
And As long as the Celtic Turn oot fur us Tae see, Wi Ebulliance, Joy n Glee..
Regular as Clock work.. n Season after Season,
Well..
Whit’s No Tae Like?
Kojo
Still,Laughin’
Turkeybhoy
17:22 on
23 September, 2013
How good is their pain?
——
Exquisite. Every day I think of people I wish were still around to see this.
Have they found Fraser Forsters clearance yet?
Regan “we have robust rules in place for players caught gambling…..” whit…!
Flaming Paul
I post a think piece on the last blog and we get some new article about the PLC’s performance. Mind you I read it back and it was just my usual waffle
Jimbo67 supporting Oscar Knox
Big George’s fan club,
£100 worth of the 64p ones is the simplest.
Then go to the Celtic Network or CST websites download the resolution, fill in the details on the first page, scan it and send it to me
When are Sevco going to compare balance sheets the way they declared on national television they would…
Always good to be in profit though I thought it would have been bigger. Onward and upward! Mon the Hoops!
Whilst we’re doing the ole Triangle think this is a good time to get the South Stand modernised, to match the rest of the stadium.
TT
Have you been aw nawed. ?
canamalar prays Oscar can do it again
17:37 on
23 September, 2013
Big George’s fan club,
£100 worth of the 64p ones is the simplest.
Then go to the Celtic Network or CST websites download the resolution, fill in the details on the first page, scan it and send it to me
++++++++++++++++++++++++++++++++++++++++++++++
Cheers mate – I will do that very thing – can I get your email address from Paul?
HH
BGFC
Jude 2005
I have 3 points on my license.
They were obtained because I was driving at 26 MPH going past East Wemyss primary school.
My offence occurred at 7.15 am on a Saturday morning.
The sun was splitting the sky , visibility was clear.
During the ten minutes that I was stopped and cautioned .
Not one other car motored past .
Indeed the only other human beings in the street were the two police officers who stopped me.
They could easily just have given me a polite warning.
The one defence that I did not have was a lack of 20 MPH signs.
There were several.
I chose to ignore them .
I figured that because of the time, weekend, and relatively low speed .
Nobody would consider my driving as risky.
The officers told me that they were under strict orders to caution and charge offenders.
Especially near to schools.
I still feel that it was tough on me.
TT
The best laugh about the books is the single biggest contributor was the manager, none of the financial wizards come near to matching his performance, not recognised enough by those who associate all the good news as a result of the boards work, IMO it identifies they only need to be competent, nothing special about them, though there’s plenty special about our manager whose coat tails they are hanging onto.
TinyTim
17.24
A very sensible post with which I entirely agree. If we are to continue with the policy of buying potential to develop and sell on at a profit it has to be managed properly.
Otherwise we may not be so lucky when we come up against the next Karagandy.
Surely the huns figures will rocket with the Dallas Cowboys deal….?
BGFG,
canamalar@yahoo.com