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).
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” an anurra hing,
aw youze that buyz tha’ pies…..
……when yees get tae speak tae tha’ board at tha’ AGM
…………..mind yer peas……….
… an’ q’s”
Madmitch
Why would they not repay part of the loan referred to in eddieinkirkmichaels
Post?
TT
MadMitch
You cannot have a growth agenda in football. Not as long as players wages swallow up any growth.
Look at Arsenal. All that income and no growth .
Its the nature of footballl. Live with it and enjoy it when it aint hurtin.
Delaneys
Twas the sun that was fiercer for ole Luggy in Lisbon, yon Thursday in May.
Hail Hail
TT
I posed that question previously
It was suggested that there would be a penalty interest clause in the loan rendering early payment inappropriate and not cost effective
Pf @ 21.03
Ki was in the main the money coming in.
Regarding the quoted figure on players coming in / extending existing contracts the numbers look a bit padded to me. Another round of exceptional items may be on the cards.
Summer = EA @ £1.5mill / FF @ £2mill+
Couple of loan fees.
Winter = TR @ £0.4mill?
June = VvD @ £2.2 / 2.5mill / AB @ £1.5mill?
Consequently getting close to the £9mill+ figure in the accounts.
Of these the AB looks either inflated or poor value.
We still have not got to the bottom of the MB (2011) debacle.
How much did he cost and how much can we realistically expect to recoup?
Just like 2007 all over again.
PL really should spend his energies elsewhere.
DBBIA
“takin’ tax advice from them is like takin’ beauty tips from ole Quasimodo”
To be fair to ole Quasomodo, the fellow knew a thing or two about belles.
Auldheid
Could you assist with my question re the breakdown of the figures given for player purchases and sales
Worser – ‘Qu ‘ils mangent des congelés petit-pois’
AH @ 21.11
That is just a lack of imagination, desire and ability.
There is not a growth agenda because the Irish Raj doesn’t want one.
And PL can’t deliver one.
Good Evening cqn
Monaghan 1900 17.30
I often think of my Dad and close friends I have lost in the last few years,how they would enjoy,the demise of them.
Jimbo 67 im still laughing good one.
Watched a bit of their game yesterday, seen better skills from kids down the tontine on a Saturday
H H
Bournesouprecipe
The Italians wouldnae fancy a scrap with that Scottish terrier :)
Apologies for nearly speaking Kojoese @ 21.14
TET
To be fair,I did thank everyone involved with Celtic.When “Well dones”are to be handed out,I will.When “WTFs”are due,I will also say so.
AH @ 9.11 / Part 2.
On the subject of a growth agenda, were you outside CP in 93/94 telling Wee Fergus not to bother? Did you lie in front of the diggers to stop them demolishing the Jungle? Did you write letters of complaint to the the GH telling all and sundry that we were just wasting our money?
21.14 PFAYR
The article states that there is no early redemption penalty.
TT
Madmitch
Thanks
In which case the profit for last transfer window must be considerable ….
It’ll be interesting to see how such a figure is presented next year
” although no-one can be certain,
it is said that Peter Lawwell arrives at Celtic Park
in a powerful black helicopter……..
…..some say the’ve seen the very same helicopter
at Bilderberg…”
s, revenue & customs
I see from the financial report today that
the London rd school is to be demolished
shame that !
“The CO-OP, Good With Food………………”
…….but no’ peas, apparently.
Bournesouprecipe
Sounds like the opening line of a poem, you should work on! :)
Delaneys
John Clark was the first original Celtic ‘Libero’ IMHO no Italian sweeper came close.
He could take care of himself also, he was a European expert, who knew all of Celtic’s Euro rivals and was even consulted by a Mr J Stein.
HH
canamalar prays oscar can do it again
19:15 on 23 September, 2013Bada..,It’s resolution time :o)
Your one is a wee bit more important than mine :) good luck and well done
wow just wow Ronnie Simson
is small ?
kikinthenakas-i like The Newsroom too.
If this was Celtic it would fall on deaf ears in this One Nation.
Midweek kickoffs can draw smaller crowd
numbers than weekend matches, for various
reasons. One big issue is fans having to go to
the stadium after work, sometimes directly
from their place of employment.
Spartak Moscow is trying to combat that
problem ahead of Wednesday’s 6:15 p.m.
match against FC Krasnodar. A “memo” to
Moscow employers from head coach Valery
Karpin appeared on the Russian’s club’s
website on Monday, asking that fans of the
club be released from work early to allow
them to attend the match.
In full, the memo reads (thanks to Google
Translate and some common-sense
modification):
MEMORANDUM
I am the head coach of FC Spartak Moscow,
Karpin VG. I ask you let your employees
___________ attend the Spartak-
Krasnodar match.
I hereby certify that the game between Spartak
and Krasnodar will take place on Sept. 25 at
18:15 at Lokomotiv Stadium, and that the
presence of every fan at the match is
important to the team!
Sincerely,
Valery Karpin
The last sentence rings true: Spartak currently
sits on top of the Russian Premier League,
tied on 20 points with Zenit St. Petersburg
and crosstown rival CSKA Moscow, all with
identical records of six wins, two draws and
one loss. Krasnodar is in fifth place, on 15
points.
DD-Lower tier only tomorrow.
The Belles The Belles
Bada
Episode 2 S4 Boardwalk Empire…………..oooooooffffftttttttt
Mario Balotelli has been suspended for three
matches following his red card after the final
whistle in AC Milan’s 2-1 home defeat to
Napoli on Sunday, the Lega Serie A has
announced.
The striker received a second yellow card for
protesting after the match at the San Siro was
over and his ban has been extended for
“intimidating and insulting remarks” toward
the referee over his dismissal.
The Italy international will now miss the game
against Bologna, Sampdoria and, perhaps
most crucially, Juventus.
Milan can appeal the punishment.
Balotelli was heavily involved in the match
against Napoli, missing a penalty for the first
time in his career as Pepe Reina saved his
spot-kick.
The former Manchester City frontman did
score late on with a fine curling effort, but it
was no more than a consolation.
The loss left Milan eight points behind leading
pair Napoli and Roma after only four games of
the new season.
BB
Thank you.
Ole ‘Faither’ was 5 ft 10 in (1.78 m)
FraserForstersLeftFoot CSC
GlassTwoThirdsFull
18:34 on
23 September, 2013
Monaghan1900 18:22
They’re absolutely right you know. They’ll throw that one at us every time we mention the European Cup. “Ah but – have you won the Ramsdens Cup? Division 3?”. We’ll have absolutely no come-back then…….
Oh sh-t,somebody come up with a rebuttal to this witty,incisive put down before I come face to face with one of them and he leaves me speechless.I wont sleep now.FFS.
Turkeybhoy
Agree 100%
I dread to think what the mood would have been had we not made the CL, and we were very, very close to not making it.
My point was, it’s the suits getting all the plaudits, and virtually no one is giving Lenny, his staff and the players any, without them, no CL football, no accounts in the black, and a future of doom and gloom.
I know some will say they are ot be applauded for giving Lenny the job, they gambled big time with that decision, and it paid off, they couldn’t afford a proven manager after their debacle with BTM, Lenny was a cheap option for them.
And I believe they are more surprised than the support is with his success.
Now, considering next years figures will top these ones by some margin, I am hopeful Lenny will be in a position to keep the squad together for a couple of seasons, and actually build on this season, without having his best players sold from under him.
But, it’s Celtic we are talking about, so you never know.
HH
bournesouprecipe
19:55 on
23 September, 2013
Can you get a Capri Sun if your in ‘business class?’
You can get a Capri Ghia.A green wan,like Del Bhoys.
Bournesouprecipe
My dad loved John Clark and used to joke that his toes were as big as his ears. But his heart was as big as his body. :)
turkeybhoy
“Aye but we didnae have to pawn the European Cup…”