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Celtic financials: supporters answered the call

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Celtic’s annual revenue for the year to 30 June 2020 was down £13m to £70.233m, all or most of which will be due to the effects of Covid on the club.  Expenses are sticky, though, so the gap between what we earned and operational spending grew to a £10.3m deficit.  The net cash position dropped by a similar amount to £18.2m.

It was a busy player-trading year.  Kieran Tierney’s departure to Arsenal pushed sales to £24.2m (2019: £17.7m).  No matter how you viewed this transfer at the time, it did not cost Celtic a trophy and the cash will prove invaluable at seeing us through the crisis.

Player purchases topped £20m, a hefty uplift on £6.2m from a year earlier.  Success is seldom cheap.

Celtic resisted the temptation to sell any of their top assets in the summer and will do so again in January.  This season’s operational finances will be a sea of red.  Looking at these figures, you can anticipate those who wanted away this year to be allowed more freedom between the end of the season and 30 June 2021.

A final but important point.  Peter Lawwell’s statement included the following:

“I sincerely thank our fans for backing us in the summer of 2020 with a remarkable response to our season ticket campaign and the outstanding generosity shown in backing Celtic FC Foundation’s Football For Good initiative, all against a backdrop of being unable to attend matches and an uncertain economic environment.

“Your support has arguably never been more important than the present. The dedication and sacrifices made by the support are fully understood by both your Board and myself and are not underestimated or taken for granted.

“Finally, I would like to thank our employees for whom this has been a deeply unsettling and uncertain time. Their commitment and dedication in the face of the numerous challenges has been an outstanding reflection of their character and the values of our Club.

If ever a time demonstrated the difference between supporters and fans, it is now.  The support offered to Celtic by tens of thousands during this time will be a reference point for generations to come.  We never cleared ground to build the first Celtic Park, but when the call came we answered.

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  1. Tontine Tim,

     

     

    I was sick when I heard Paddy Crerand was sold. I have never heard before that he engineered the transfer himself.

     

     

    By the way, that photo shows him with his cousin and my all-time favourite player, Charlie Gallagher.

     

     

    Great to see Winninggemmel posting again. How long has it been? Too long for sure.

  2. Even the most optimistic fans on here seem to be basing their views on “their luck will run out” and “they’ll hit a sticky patch”.

     

     

    Forgive me, but I don’t think that’s something we should be pinning our hopes on.

  3. garygillespieshamstring on

    I think we will improve as players return and get up to speed. The gap is due to last Saturday’s result. Othehewise, both teams have dropped two points on plastic and 2 points away against teams going well. After they drew with Hibs, we best Hibs easil. They beat an out of form and injury hit Aberdeen at Pittodrie.

     

     

    We need NL to sort out the tactics v sevco 433 system. If we can matc or better them in the three remaining hun fixtures, we will win the league.

     

    If we ship six points to them over the three games, we won’t, IMO.

  4. *CQN PLAYER OF THE YEAR 2020-21*

     

    RESULTS FROM GAME #16 – ABERDEEN 3 CELTIC 3 (McGregor, Griffiths, Christie(pen))

     

     

    Timing is everything and having lost our previous 2 games it was never going to be easy travelling to in-form Aberdeen, a team who were hoping to go level with us in 2nd place. But having fought our way back into the game twice and then take the lead going into injury time, it did feel a real sore one when (for the 2nd game in a row) we conceded late on.

     

    As always, thank you to the 35 who voted; this was the lowest ‘turnout’ of the season by quite some way. The votes cast for each player are as follows (with my own choices asterisked) –

     

     

    Bain: 0

     

    Frimpong: 1

     

    Duffy: 0

     

    Ajer: 13

     

    Laxalt*: 26

     

    McGregor*: 13

     

    Ntcham: 2

     

    Christie*: 10

     

    Rogic:24

     

    Elyounoussi:0

     

    Ajeti: 0

     

    Griffiths: 15

     

    Brown: 0

     

    Turnbull: 0

     

     

    So, with only 1 point separating the top 2 the players receiving points for the Aberdeen game are –

     

     

    Laxalt – 5 points

     

    Rogic – 4 points

     

    Griffiths – 3 points

     

    Ajer – 2 points

     

    McGregor – 2 points

     

     

    What a start to Diego Laxalt’s Celtic career – Played in 3 games, has yet to be on a winning side, but has been voted Man Of the Match in every game he’s played in!

     

     

    And the overall table is now –

     

    1st – McGregor – 28 points

     

    2nd – Christie – 27 points

     

    3rd – Frimpong – 26 points

     

    4th – Ajer – 18 points

     

    5th – Ntcham – 16 points

     

    6th – Laxalt – 15 points

     

    7th – Duffy – 14 points

     

    8th – Elyounoussi – 13 points

     

    9th – Brown – 11 points

     

    10th – Bitton and Taylor – 10 points

     

    12th – Barkas – 9 points

     

    13th – Ajeti and Griffiths – 8 points

     

    15th – Rogic – 7 points

     

    16th – Edouard – 6 points

     

    17th – Forrest– 5 points

     

    18th – Elhamed, Klimala and Welsh – 4 points

     

    21st – Jullien – 2 points

     

    22nd – Turnbull – 1 point

     

    23rd – Bain, Bolingoli, Dembele and Soro – 0 points

     

     

    It’s now onto France for our Thursday evening Europa League game against Lille. Remember that it’s a 5.55pm kick off (Celtic Park Time)

     

    Hail Hail!

  5. Worth a repost in my humble opinion…Well said CORKCELT,

     

     

    CORKCELT on 26TH OCTOBER 2020 11:53 AM

     

     

    We have had great years & even if we don’t get the ten, I will rejoice in what we achieved ,particularly our Treble Treble which hopefully can still be translated into a QuadroFenian .

     

     

     

     

    That doesn’t mean I have given up on this Year’s Title, far from it, but most Football Supporters worldwide have never enjoyed the amount of great days our team has given us.

     

     

     

     

    In life and in sport you will have your ups & downs and eventually you will die.

     

     

     

     

    However you only die one day, you live for many thousands of days.

     

     

     

     

    Following Celtic is a big part of my life & there would be a huge void if that feeling ever left me.

     

     

     

     

    It is for the most part an extremely enjoyable experience but there are rainy days & disappointments along the way & you just have to accept those days & not constantly react with bitterness & recriminations to every set back.

     

     

     

     

    Just now is a worrying time and I’ll freely admit to be worried, however as the song goes, It takes a worried man to sing a worried song, I’m worried now but I won’t be worried long.

  6. Our latest 9-in-a-row was what I wanted. Our second blows oldco’s single cheatery-sequence out the water. Ten will be icing.

     

     

    Thanks for kind comments this evening

     

     

    WG

  7. Hello again all you young rebels.

     

     

    Can’t wait to get out today, over three months of lockdown phew !

     

    but no new cases again this morning.

     

    What will I find out there? thoosans of the most bestest organised

     

    and tactically astute and financially healthy teams supporters in the

     

    whole wide world?

     

    Naw!!! coz they’ve still won feck all and they’ll still be hurting huns.

     

    Still backing Lenny.

     

    H.H Mick

     

    P.S Great to see you back WG

  8. Hi Paul it’s been a while…. Can’t honestly remember the last time I posted.. Certainly not since Rodgers took over… Never felt the need I suppose… Sometimes after reading constant bad coaching posts…. Even tenuous points….. Bad coaching.

     

    Ive also felt recently some posters Need a wee back up. Paul himself will tell you about the set twos we used to have… In the days when he indulged us all… The bobo balde affair.. Lol….. I’ve always all my life been a half empty kind of person always fearing the worst…. So I do fear the worst.. Huns winning the league, getting into CL with the riches that would bring…. And in turn what it might mean for us… Not a good outcome.

     

    Then I think… Will they not go through what we’ve gone through?.. Injury.. Covid related illness and isolation? Ever….. Could they get a couple of bad results sow, and the rumblings would start and their golden tower that’s built on sand starts to crumble… We’d still have posters saying a but big beale is a diamond… Some diamond watching the jambos and Hamilton fuck them and not being able to do a thing about it!!… Twice in a short space of time from hearts… Youd think such super brilliant coaches would have sussed it after the first defeat?!!!….. No??…. Or is it absolute bullshit?!!….. Good to be back…. I might hang around fit for a few months…. VTD

  9. PARK ROAD 67

     

     

    Will do.

     

    Just sitting here remembering that game against Real Madrid, I was one

     

    of those Bhoys that marched all the way down the Gallowgate to Central

     

    station singing our hearts out , I suppose we were the Green Brigade at

     

    that time.

     

    Can still see the bemused looks of the players looking down at us from

     

    the hotel windows, we were convinced it was the rise of a great team.

     

    My memories of the game itself were of Mike Jackson running the show

     

    against a Quality European team, but he never seemed to show the same

     

    excellence when he got the nod in other games.

     

    Now all these years later we’ve one the big one, we’re going for ten in a row

     

    and a quadruple treble, and even in these troubled times we’re financially

     

    stable.

     

    But still they moan and moan.

     

    Aff oot.

     

    H.H. Mick

  10. Another thing… How can’t posters suss out the obvious Harry Dunn’s on here..?….the ones that disappear when they are on then come rushing back!!… Incredible

  11. Fred C…. Never really been away…. Just lately I’ve read so much garbage that I felt some posters needed a friendly paw….. Hope you’re well..

  12. Back to Basics - Glass Half Full on

    Imagine you posted £70m of losses over six years …..

     

     

    ….. How do you then deal with a £10m reduction in your net cash position (arising from a pandemic) ….

     

     

    … when you had no money in the bank in the first place?

  13. Iniquitous…. You not came accross any?.. I think they usually have something bhoy as their name……. I don’t think you’re one 😁.. You’re not subtle enough.. Lol., tho I believe you’ve been bumming up the Harry’s way beyond recognition.and this famous beale .. Well for me anyway…… Hope your well

  14. I must be off the bitch is yelping from upstairs!!…… A wee bit of homework until tomorrow…… When did rangers last have a penalty awarded against them in the spl apart from games against us??…… Just an interest… Seeing as we’ve had 4 awarded against us and its not even November!!!!

  15. VINNIETHEDOG

     

    If you have been following the blog for the past few years, you will have noted I have never mentioned Beale once. Nor do I bum up the zombie club. What I do believe is that to be successful, you have to know thine enemy. I’d much rather we quietly planned and prepared to win the ten than be part of all the hubris bragging how we are going to do it. We nave been complacent, we did our transfer business far too late, we started preseason with no settled formation, and we have mostly played poorly since. If we don’t get our act together soon, we will blow it. Just saying, like.

  16. PARKHEADCUMSALFORD on 26TH OCTOBER 2020 9:33 PM

     

     

    Tontine Tim, I was sick when I heard Paddy Crerand was sold. I have never heard before that he engineered the transfer himself.

     

     

    *so was I but even sicker when I heard the rumour, might just be that though.

     

     

    But even sicker watching Grandstand on May 25 1963 when the cameras went intae the winning teams dressing room and he was cavorting about with the rest of the manure team, who can blame him though, while 10 days previously we had been humiliated by deidco at hunden in the Scottish version.

     

     

    Also 4 years later while we were lifting the Big Cup he was over in Oz with manure and told one of the newspapers there that on hearing about our marvelous victory he threw up, in envy, as he felt he should have been in Lisbon

  17. The player between Ki and Cervi does not look like Filip Twardzik who I thought was blonde haired.

     

     

    I wondered if it was Morten Rasmussen but I can’t remember what he looked like.

     

     

    I hear he is one of those fancy new continental coaches though, working at Midjtyland when last heard of.

  18. IMWANDAN on 26TH OCTOBER 2020 8:18 PM

     

     

    Paddy himself will tell you that when he went it opened the door for Bobby and that if he’d stayed he would have lost his place anyway.(HIS WORDS)

     

     

    *told me that himself, Bobby was an above average inside right turned intae a world class right half but not by Jock, initially oul Jimmy tried him there but he didnae have a partner in the middle until Jock pulled ten thirty off the left wing.

     

     

    Incidentally it was oul Jimmy that first tried the Bear out on the left wing.

     

     

    Bertie Auld was never ‘replaced’ which is why he broke the old adage “never go back”!

     

     

    *hmmm Neil Mochan replaced him in the 7-1 game, Alex Byrne was tried there, as was Bobby Jeffries and Frank Brogan, eventually the Bear and the Buzz Bomb filled the role.

  19. with the accounts out late ( usually out in September but that was during transfer window)

     

     

    can anybody help me with a few questions

     

    1. last years end of year results cash in bank plus profit was 38.9M, we then sold KT for 24.9M

     

     

    Q how is our cash in the bank now only 18.2M+ .1M ?? have we lost 45.5M????

     

     

    there are parts of the accounts i will comment on later, but figures don’t add up

  20. ST @ 12.05

     

     

    These things happen when you have a bloated wage structure and an agent friendly recruitment policy and you don’t make the CL group stages.

     

     

    We have sold two big names over the past two years which has helped.

     

    But we are still wasting money on raw recruits like a sailor on shore leave.

     

     

    In addition we seem to buy up front and sell with easy payment terms.

     

    The place is a shambles.

  21. SFTB

     

    I didn’t recognize him, but when NORRIE M suggested Filip Twardzik, I looked up the 2011/12, and he was a member, so I thought it was plausible. I agree he does not look like other pictures, but you could say that of several of this group. Any other ideas?

  22. Madmitch thank you for reply yes indeed, if every pound is prisoner then our football department should have top class Europe experience to

     

    1. identify the players we need to play in certain tactical positions ( which we don’t do as our football department prerequisite is to say yes to peter lawell and not to improve tactics)

     

    2. be able to have that top class tactical experience, which we don’t have

     

     

    good examples of failure of point to was signing of boli boli who if we had a top class team would have known he was a headless chicken, then we signed taylor to back him up 5M down drain

     

    also soro signed for 2m in jan, for what position ? the future??? we need midfield players now not projects

     

    then our average goalie at 3.5M when too be honest Craig gordon or david marshal look better.

     

    Ateji looked like a 5m striker against Aberdeen has scored against low level teams for us , but 5M is a cheap signing

     

     

    as for income, down from 101M in 2018 to 73M now show’s the loss of CL football when we have a poor football coaching department but better players, cost loss is huge.

     

     

    Imagine Liverpool with all their players with Neil Lennon and john Kennedy doing coaching and tactics

     

    you are throwing away money down the drain without the correct back room staff

     

     

    the question i asked above is still open

     

     

    last years end of year results cash in bank plus profit was 38.9M, we then sold KT for 24.9M

     

     

     

     

     

     

    Q how is our cash in the bank now only 18.2M+ .1M ?? have we lost 45.5M????

     

     

     

     

    AN Tearman no only met Macjay once about ten years ago Sydney is about the size of strathclyde!!

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