Celtic’s financial results for season 2015-16 were announced this afternoon. Turnover increased 1.8% to £52m, but operating expenses (before transfer fees, tax, interest, etc.) were up 7.3% to £57.1m
The club made up the shortfall with a gain on player sales of £12.6m. Against this income, Celtic paid £8.8m for player registrations (which will be amortised against the accounts evenly over the period of player contracts).
Pre-tax profit was £0.5m, with cash at 30 June 2016 up to £10,450.
Chief executive, Peter Lawwell, stated in the accounts, “On the pitch, the year did not meet with our expectations”
“Off the pitch the Company returned to profit, mainly as a result of the transfer of certain player registrations during the period leading to a gain on sale of player registrations of £12.6m (2015: £6.8m). This enables us to continue to deliver long term sustainable football success in a very challenging environment.
“For a club like Celtic, operating in a market where television values have fallen significantly behind our neighbours across Europe, qualification for the Group Stages of the UEFA Champions League is of paramount importance. The financial rewards allow for investment in the playing squad and physical assets, but moreover, the prestige of participating in the premier club competition in the world reinforces the reach and importance of the Club to so many people around the world.
“Celtic supporters continue to support the Celtic FC Foundation as it develops into one of the most successful club charitable organisations in the world. That support is not surprising, but it is not taken for granted. I thank everyone involved in the continued success of the Foundation.”
I don’t think there is a direct correlation between not qualifying for the Champions League and player sales, that is correlated with the period remaining on top players’ contracts, but issues around our two years without Champions League football were enormously resolved by the recruit-to-appreciate model.
Tune in next year, when we’ll turnover close to £80m.
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ORKCELT on 19TH SEPTEMBER 2016 8:56 PM
A PLC hiding money, how does that exactly work out. Where does all the hidden money eventually end up.
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Google Enron for starters. Not suggesting that we as a club are doing anything similar , but it is naive to think that plcs all behave and auditors catch all misbehaviour
HH
CRC
Mags & Kevinbhoy
Thank you- I am enormously relieved…
But that may be the result of diarhoea :-)
I had an incident once on a site where a big Dane shouted in my face thst some incident was, “Completely unacceptable”, to which I replied, “Eh, is it no just a wee bit unacceptable?”
CRC…
ORKCELT! Jeeso:)))
Battered I ah end read the detailed accounts yet but the era jungle drums told me the headlines. I generally don’t need much from then. I think the phrase is leapords and spots etc.
But hey maybe it will be different. Cos. Maybe. Err.
Naw it won’t will it.
Peter will get a super duper, extra bonus. Redo,net of boardroom corruption.
But hey just my er view.
Good evening.
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HAVANALAUGH on 19TH SEPTEMBER 2016 10:13 PM
30th September….one not to miss. BBC Alba Documentary about Jinky.
http://www.purpletv.tv/news/TXdateannouncedforJimmyfilm
..
All The Family loved the Preview in Glasgow Tonight Wullie Henderson came and Archie Macpherson did a Q&A with the Family..
Aggie Won the Woman of the Docu award..【ツ】 Closely followed by Jinky’s Grandson Jack who played Celtics Greatest ever Player..
Summa of JimmyJohnstoneCSC
Alasdair
How was your doomdome experience on Saturday?
Well at least we are not quintessentially fracked.
Neg These Phil type jargon comments prove nothing. If anyone comes out with detailed info & can prove there is some kind of shenanigans going on re the Finances of Celtic, I will be their most vocal Supporter.
Yes you might dig out Lawell’s remuneration and scream that it is excessive and many may well agree with you, but that is not hiding money. If you come up with something dodgy in unexplained expenses that is not hiding money, it is stealing it, and if anyone has evidence of that they should tell Lee Wallace he will do the rest.
Summa of Sammi…..yeah I thought Bertie Auld and Willie Henderson were particularly good. Find it amazing how many of that generation were real class….on a personal level.
..
SFTB..
‘Partially Resolved’
I believe the Term became Popular with Scottish Journalists circa 2012 when a Club were at The: ‘Edge of the Precipice’
Funny seeing it on a Celtic Blog..
Hmmm..
As they Say..
Summa
Delaneys,
Looked after by Vogupunter there and back…absolute gentleman.
The atmosphere was interesting quite a few rockets in the home support to the left….wanting a fight etc…not pleasant at times….County support a bit intimidated I thought.
CORKDELT…
“…and if anyone has evidence of that they should tell Lee Wallace he will do the rest.”
Yi made me lol there. ;)))
CORKCELT,even
I think after last week’s historic gubbin, I think the debate about “No one wanted Celtic from pot 4” has been partially resolved.
For what it’s worth, I’ve not read the accounts either but I’m really upset and angry about them. In fact I’m angry I’ve go so upset about not reading them and posting some made up stuff.
Get yer roasters here, roasters, roasters, get yer roasters here.
Ha ah ha, Sorry Neg, just pished myself after reading your last couple there…..Hope all is well in your world.
HH
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HAVANALAUGH on 19TH SEPTEMBER 2016 11:03 PM
Summa of Sammi…..yeah I thought Bertie Auld and Willie Henderson were particularly good. Find it amazing how many of that generation were real class….on a personal level.
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On a Purely Health reason I’m glad we don’t have Fathers.. Sons and Brothers going down the Mines and to a lesser extant into Steelworks..
But what I will say is We miss the Camaraderie of The Miners Rows and Steeltown Communities.. Just think How many Brilliant Football Players they Produced and How they Produced ‘THEE’ best Man Managers that The Football World has ever seen.. And as You have said Class on a Personal level..
The Docu has managed to show how much a Inspiration Jimmy was Not only to His Family but to everyone who ever met Him
Fast forward to some of the Players of Today.. Humility is a Computer term to them.. 【ツ】
Summa
Who caw’d Corky and orcy?
Shame about the young team record being stopped. Reading posts from Dallas and DD, I’m assuming it was v RC who beat us?
Al Mac, glad you made it out of mordor safely. Had a tenner on an RC win. Boooooooo
Have a tenner on a QOS win:_) Yeeeeeees, and auld JJ tells me that ABZ are 7/4 so I’ll probably stick a tenner on that. Might as well try to win some dram tickets token ooto their misery.
http://www.dailymail.co.uk/sport/football/article-3797175/Joey-Barton-d-make-far-better-England-boss-Sam-Allardyce-Roy-Hodgson.html
The braw Carmylie man…
How you doing pal…sooth esk sooth of Tannadice is tricky for strangling…???
Hahahahaha
Hebcelt was looking for a lift ….did you see that? Me being whit I am …(wee bit Forfar)
Mentioned your braw name …fir the City game ..
Hope I was out of order ! Cos I am maist oh the time …
Kissy kissy
Braw
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 19th September 2016 7:25 pm
THEEXILEDTIM
That’s politics now,the world over,sadly. We no longer get the politicians we deserve. We get the latest in a production line of self-serving useful and dangerous idiots.
*we get who Bilderberg determine THEY want.
..
Well since some Kind CQNers Today responded to my Cry for Help and Pointed me in the right direction to Free CQN from the Dreaded ✖️ and the Now infamous Pop Up Adds..
Like CQN of Olde..
It’s Time I gave something Back.. and I would like the Whole of CQN to embrace this Tool and Rid CQN of Foul Language and Personal Abuse as it really is Killing a Once great Blog..
And this Tool is Also Fun for the Whole Family.. Without reverting to the Two aforementioned Scottish Traits..
Ladies and Gentlemen.. I give You: The Mr William Shakespeare.. Insult Generator
Tap the Page to find Thousands of Shakespearian insults.. That sometimes have a Uncanny knack of being Very Apt for the Insulted target..
Like when I pressed to copy the Link I got: ‘ Thou Art…
a Oderiferous Pigeon Egg’
Let there be a Insult..
http://insult.dream40.org/
Summa of ThouArtaFoulKnaveCSC
Braw fella, the soothy is a nice wee bit a stream for the fish strangling, although if the truth be told I tend not to do that these days. They all go back…………………if I catch any………:_)
I saw Hebcelt’s post but I’m taking the train down for the ManC game and staying in fun city then away to spania. Otherwise he could have jumped on the train and overnighted at acgr towers. Another time.
And you were right to mention me, under different circumstances it would have worked. Hope he gets something sorted out.
hH and h again.
..
Where Fore.. Thou Art a Mongrel Rag of CQN…
Summa
Oxford, Bacon, Derby, and Marlowe…..
The plot thickens !!! Set faders to Malky….
Braw
Awe Naw, multiple comments deleted, language. Please observe the blog rules.
Summa, is that X when using your phone? I cant view cqn on my phone anymore. I get the X at the bottom right and then popup shite takes over and it’s game adverts and game over. I don’t even use the stuff.
Very worrying, I’m writing a stiff letter tomorrow to sumday
Boooooooooooooooooo
ACGR…I can see you see in
my minds eye…..fingers fluttering …watching for the ghillie…
Hahahahaha
Enjoy Citeh…great wee toon ..I used to run a pub there The Crown Tavern…steak hoose noo…
China toon is awfy braw…
Am sure Hebcelt dodged a pudding!!!! Smiley thing
Braw
Hi Paul67
I’m lad you’re around :)
what is your opinion on your PL quoted statement today “qualification for the Group Stages of the UEFA Champions League is of paramount importance”?
without using the word “platitudes”?
People who want to ramble on about politics on a football site,should be immediately banned from doing so.
A whole fekin day of shit from every known political idealist in Scotland.
Funny thing is,all the ills you say that were fostered upon us,were done by the Union.You know the one most on here voted to uphold,because we were “Better together”.
Away and fekin listen to yourselves.
Alasdair
My family got a tough time at doomdome on Saturday. Wish they never went.
Feck sake the boss is watching….!!!!
Braw
And a good this to….but I think he loves us
Blog titles to be avoidedcsc
Only joking boss…kissy kissy
BTW ….what do think has been my best wee brawest bit??
Braw
Smiley thing
ACGR
Aye RC stopped our 18 month unbeaten record at Dumbarton today and beat us 0-1.
I blame Petec. Nice win for Jim McIntyre in his toon.
Turkeybhoy on 19th September 2016 11:55 pm
Aye we dont need no stinkin politics here in Scotland us Celtic supporters
P67 …
Goodnight laddie…
Ahthing will be braw….relax..
Braw.
DD
Its a bad day when you cant go to footy, without being verbally abused.
Bigot dome should be shut down.
HH