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Celtic hit £101m turnover

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Celtic reported turnover of £101.6m for the year to 30 June 2018, the first time the club broke through the £100m barrier.  Just as income rose from £90.6m the previous year, costs rose to £87.1m (2017; £76.3m).

The club was profitable to the tune of £17.3m, buoyed by gain on the sale of player registrations of £16.5m.  Without Champions League football, this season’s results will be significantly different, but net cash (after debt and similar were deducted) was £27.0m, so we can continue to operate without the need to cut costs.

The most striking aspect of these figures is that, with the current wage structure, we are roughly breakeven with Champions League income (before player trading).

We are in the middle of first team contract renewals, which will push wages higher still.  We are increasing our cost structure despite the lack of Champions League football, but this is necessary.  There are risks (transfer market crash), but these are no more relevant to Celtic than anyone else.

We are never going to guarantee Champions League money every season (no matter how easy your pal tells you it is), so buying wisely and selling before players exhaust their contracts or lose form is critical to the operation.  Therein lies the challenge – which is also easy, just ask the same pal.

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543 Comments

  1. Big Sutton making an absolute West End Farce of himself last night by saying Ronaldos pat on the head was “Serious assault”,a definite red card.

  2. Turkeyboy

     

     

    Also read a few strange posts.”Neganon,I dont always agree with what you say,but”.His posts are always the same,so how can you only agree with them

     

     

    ——-

     

    That’ll be me you’re citing mate.

     

     

    It means that there’s a spectrum (imagine a line or a rainbow if that’s easier) of views on cqn.

     

    Neg’s conclusions and ways of expressing them sit rather further to one end than my own, but I think he asks many valid, uncomfortable and therefore necessary questions.

     

     

    Is that clear enough?

     

     

    If not, bring your crayons and I’ll draw you a picture.

     

     

    HH jg

  3. Donald Trump has told Spain to build a wall across the Sahara Desert to stop undesirables getting in.

     

    Far too late Trump.The games tonight.

  4. And….my comment was a prelude to wishing a fellow Tim a safe flight in some of the worst flying conditions seen in years.

     

     

    You, by contrast, would prefer his self immolation. Thankfully it was far too wet and windy for that here yesterday.

  5. JAMESGANG.

     

     

    Yes he does ask many questions.The problem is,for years they are always the same ones.

     

    Is that clear enough.?Or maybe such a supplier of Art supplies as yourself,could write out for my simple mind,a post where he says something different.

  6. He’s big enough and ugly enough to answer for himself. And I hesitate to answer for him.

     

     

    I would however suggest it’s because he feels these questions are vital and consistently unanswered.

     

     

    HH jg

  7. JAMES GANG,

     

     

    Not really reading posts correctly,are you?In your seemingly mad rush to defend Neg,you seem to have lost the ability to process the written word.

     

    It was my own,”Self immolation”,I mentioned.Not Negs.And your comments about a safe flight,which I in no way alluded to,reek a bit of barrel scraping to try and score a point.Still,if it makes you happy.

  8. JAMESGANG,

     

     

    He may well do feel that way ,and that is the reason he constantly repeats the same thing.I feel that it is incredibly boring,thats why I constantly repeat my boring objections to it.

     

    Is that clear enough?

  9. Turkeybhoy

     

     

    I was going to call him a ‘turkey’ but I didn’t want to offend you … hahahahahahaha

  10. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar...... Ipox belongs to the creditors on

    Neganon ……. and you are wandering towards ‘muppet’ status …..

  11. Hi all,

     

    I’m just back home after a 10 day cruise in the Caribbean.

     

    My wife wouldn’t let me spend £70 on the ship’s WiFi so it’s been a strange experience to have several days pass without knowing the result of our last game.

     

    I flitted between great confidence, given our dominance in the game against Sevco, and concern given our inconsistent start to this season in general. I was therefore not shocked to hear that we drew 0-0 in Paisley. However, I am very concerned having just viewed the “highlights” on Sportscene. Dear God, if that was the best bits…..

     

     

    I’m not feeling too confident tonight. Rosenberg will be a tougher challenge than St Mirren – or even Hearts for that matter!

  12. Just reading back from yesterday.Really enjoyable reading all the financial geniuses on here.Could not run a Menage,never mind anything else.Regularly we laugh at the wee Hun accountant,some should listen to themselves.

     

    Also read a few strange posts.”Neganon,I dont always agree with what you say,but”.His posts are always the same,so how can you only agree with them “Sometimes”.A few full of hope and optimism”We will never qualify for the CL again”.

     

    Probably the strangest thing,is the fact so many seemed angry that the clubs turnover exceded £ 100 million.Some happily sneering”Ha,it wont be that next year”.

     

    In my posts I always try to put a balanced side to things.Refuse to jump on bandwagons to be popular.If PL screws up,which he has,as we all do,say so.If Brendan does likewise,say so.What I really find grotesque,apart from Huns,is that when we win Double Trebles,qualify for CL twice in a row,now Europa League,not bad ,in 3 seasons,its down to everyone,apart from PL.When we fail to qualify for CL,its only PLs fault.When we sign duds,as we have,its not Brendans fault..When we fail to sign someone who does not want to come,its PLs fault.Just my observations.Anyway,once again the second love of my life are playing tonight.That makes me happy.Thats enough for me.

  13. 67 HEAVEN,

     

     

    He has gone well beyond that point some time ago.I like someones post,

     

    “I would love to share a pint with you sometime”.Self immolation would be more preferable,I think.

  14. When posters like Neganon post something most on here don’t agree with, most of the time in fairness, they constantly attack him, I have yet to see anyone giving him their counter arguement to his rants, possibly because there is none, who knows.

     

    Shooting the messenger, it’s what huns do.

  15. ‘GG on 19TH SEPTEMBER 2018 10:03 PM

     

     

    It seems there is a concerted effort to minimize and criticize the milestone revenue achievement under the present regime.

     

     

    £100+ MILLION

     

     

    I expect it from the MSM. For instance the BBC report buries that number well down their article which is focused on the pre tax profit figure of £17 million.

     

     

    However, I find little joy on here either.

     

     

    More carping about what is wrong instead of what we got right.

     

     

    Even a scenario of revenues dropping next year when the manager leaves. A manager who is still under a lucrative contract.

     

     

    For the love of God, take some pride in our achievement and have a positive outlook for the future.

     

     

    ………………………………………………

     

     

    Great post and one that very few posters commented on!

     

     

    Wonder why?

     

     

    I’m a wee bit concerned about tonight’s game and dread to think what this place will be like if we don’t do the business.

     

     

    Change in personnel definitely required.

     

     

    Mulumba, Johnson and Christie in, don’t care who Brendan leaves out.

     

     

    C’MON THE CELTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

     

     

     

     

     

    .

  16. Father Jack on 20th September 2018 10:36 am

     

    When posters like Neganon post something most on here don’t agree with, most of the time in fairness, they constantly attack him, I have yet to see anyone giving him their counter arguement to his rants, possibly because there is none, who knows.

     

     

    Shooting the messenger, it’s what huns do.

     

     

    ___

     

     

    Neganon has been at it for years. No argument will change his mind. Why should anybody waste their time?

  17. Big Sutton making an absolute West End Farce of himself last night by saying Ronaldos pat on the head was “Serious assault”,a definite red card.

  18. Was just browsing last nights posts, and saw this…

     

    KEV on 20TH SEPTEMBER 2018 12:28 AM

     

    The fools, the fools, the fools…..

     

    Zzzzzzzzzzzzzzzzzz

     

    I thought for a moment someone had finally had a blinding epiphany, and perhaps the end of the incredibly boring repetitive posting pattern was finally In sight after a bit of self flagellation…

     

    … Then I saw the “S’s” at the end of “fool”, and realised he is just debasing (fellow?) Celtic Supporters… as usual.

     

    ?⚽️

  19. Turkeyboy

     

     

    Also read a few strange posts.”Neganon,I dont always agree with what you say,but”.His posts are always the same,so how can you only agree with them

     

     

    ——-

     

    That’ll be me you’re citing mate.

     

     

    It means that there’s a spectrum (imagine a line or a rainbow if that’s easier) of views on cqn.

     

    Neg’s conclusions and ways of expressing them sit rather further to one end than my own, but I think he asks many valid, uncomfortable and therefore necessary questions.

     

     

    Is that clear enough?

     

     

    If not, bring your crayons and I’ll draw you a picture.

     

     

    HH jg

  20. Donald Trump has told Spain to build a wall across the Sahara Desert to stop undesirables getting in.

     

    Far too late Trump.The games tonight.

  21. And….my comment was a prelude to wishing a fellow Tim a safe flight in some of the worst flying conditions seen in years.

     

     

    You, by contrast, would prefer his self immolation. Thankfully it was far too wet and windy for that here yesterday.

  22. JAMESGANG.

     

     

    Yes he does ask many questions.The problem is,for years they are always the same ones.

     

    Is that clear enough.?Or maybe such a supplier of Art supplies as yourself,could write out for my simple mind,a post where he says something different.

  23. He’s big enough and ugly enough to answer for himself. And I hesitate to answer for him.

     

     

    I would however suggest it’s because he feels these questions are vital and consistently unanswered.

     

     

    HH jg

  24. JAMES GANG,

     

     

    Not really reading posts correctly,are you?In your seemingly mad rush to defend Neg,you seem to have lost the ability to process the written word.

     

    It was my own,”Self immolation”,I mentioned.Not Negs.And your comments about a safe flight,which I in no way alluded to,reek a bit of barrel scraping to try and score a point.Still,if it makes you happy.

  25. So we are all fools and gullibille because we support the Famous Glasgow Celtic

     

    Well I hope the stadium is full tonight with real Celtic supporters oh sorry fools and gullibilies

     

     

    Some people calling Celtic supporters names should go and join the Zombie nation

     

     

    Never acceptable calling Celtic supporters names

     

     

    Hunbelievable

     

     

    D. :)

  26. JAMESGANG,

     

     

    He may well do feel that way ,and that is the reason he constantly repeats the same thing.I feel that it is incredibly boring,thats why I constantly repeat my boring objections to it.

     

    Is that clear enough?