Quantcast

Celtic hit £101m turnover

543

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.

Click Here for Comments >
Share.

About Author

543 Comments

  1. PHILBHOY

     

     

    Astonishing. Proceeds of Ceime order of £500k,and a custodial sentence is only being “considered”?

     

     

    Law is an ass.

  2. TIMALOY29 on 20TH SEPTEMBER 2018 10:47 AM

     

    Exactly, why waste their time, but they can’t wait to attack him, it’s a hun thing.

     

    Any rational, intelligent person would just ignore.

  3. I can’t remember who it was on here, ages ago, that likened Theresa May’s carriage and gait to Blakey from On the Buses…

     

    … But cap doffed, absolutely bang on ?

     

    ?⚽️

  4. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar...... Ipox belongs to the creditors on

    Turkeybhoy

     

     

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

  5. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar...... Ipox belongs to the creditors on

    Jamesgang

     

     

    It’s because he’s a negatonian

  6. setting free the bears for Res. 12 & Oscar Kno on

    the blue dot count suggest that if everyone who bought a ticket turns up the attendance will be

     

     

    51,862.

  7. BMCUWP

     

     

    They used the money for deposits to purchase “buy to let” properties.

     

     

    These are in the process of being confiscated by the Crown!

     

     

    Agree though the law is an arse, sorry …ass!

  8. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar...... Ipox belongs to the creditors on

    These adverts seem to have settled down……be warned, I might just start posting again … hahaha

  9. Hunderbirds according to Kev the crowd tonight will be full of fools and gullibilies

     

     

    ??????

     

     

    D. :)

  10. HUNDERBIRDS ARE GONE

     

     

    I was looking for a ticket the other day and it looked like they were available only for the lower stand, so maybe not to big a crowd.

     

     

    Still, ye never know!

  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. HUNDERBIRDS ARE GONE on 20TH SEPTEMBER 2018 11:19 AM

     

    Anybody got any idea what the crowd is likely to be tonight?

     

     

     

     

    ?⚽️

     

     

    A mixture of men and women, young and old, kids full of excitement ,…..

     

    #tedstryker.

  13. BMCUW @ 11 10

     

     

    ” elevenses ”

     

     

    Read that while having my mid day merendina .

     

     

    Been a long while since I had to pay any attention to stuff like ” unexplained debt-like items ” but back in the day they were things like contingency planning / contracts re purchase / supply / leases / potential changes in employment agreements etc etc ..

     

     

    Way down south our -” debt -like items ” include Mrs S of T’s very likely future purchase of footwear and my guaranteed necessity to buy choons.

  14. All together now…..

     

     

    Ah’m no’ a Gullibilly Ah’m a GulliTim

     

    Ah’m no’ a Gullibilly Ah’m a GulliTim

     

    Ah’m no’ a Gullibilly

     

    Ah’m no’ sae GulliSilly

     

    Ah’m no’ a Gullibilly Ah’m a GulliTim ??

     

     

    ???

     

     

    Seriously however, I’ve not felt this bad since the last time a big bloke broke intae ma flat, commandeered ma computer, stole all ma 14% wine and battered me over the head with a baseball bat.

     

     

    I feel an attack of iron deficiency coming on which can only be cured by two iron tablets washed down with copious amounts of Guinness.

     

     

    Hail Hail

     

     

    Matt

  15. 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.

  16. Thanks for all of the crowd replies.

     

    BADA – I had just pressed “POST COMMENT” and only then thought that I was setting up an answer like yours.

     

    Schoolbhoyerror CSC

     

    ?⚽️

  17. ‘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!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

     

     

     

     

     

    .

  18. 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?

  19. Hunderbirds are Gone on

    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.

     

    ?⚽️

  20. MATT

     

     

    Any chance you can clarify to a couple of young dafties that its…pie,beans n chips and no…pie, chips n beans..

  21. Drew

     

     

    Pie supper wae beans is ma own preferred construction if out the chippy but in the house definitely pie, beans ‘n’ chips.

     

     

    Also I’ve noticed a disturbing trend amongst today’s youth of putting salt on before vinegar.

     

     

    ALWAYS ALWAYS ALWAYS Vinegar then salt…otherwise you wash the salt aff.

     

     

    Hail Hail

     

     

    Matt

  22. Hunderbirds are Gone on

    SAINT STIVS on 20TH SEPTEMBER 2018 11:22 AM

     

    the blue dot count suggest that if everyone who bought a ticket turns up the attendance will be

     

     

    51,862.

     

    ——————-

     

    I just had a look at the seating online. If the greyed out areas are accurate, then it looks like a very good crowd for tonight. The only area that looked sparsely populated was the section next to the away support (118). Let’s get this league section off to a great start. I actually think we’ll do really well tonight and it just being a points outcome (rather than two legged affair) will help settle us (hopefully).

  23. 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. :)

  24. Gullible is the mostly commonly used word that doesn’t appear in the Dictionary

     

     

    Mon the Hoops csc

  25. WEETIM67

     

    Not been on and just read back. In reply to your post, you spectacularly missed my point in my lighthearted post from yesterday. When I referred to ‘ fag packet accountants’ I was in fact talking about the many amateur accountants (aka Arnolds) in our own support. How you got to the conclusion I was talking about the real accountants who drafted the actual accounts is beyond me but I feel a chill pill is in order, that or a sense of humour injection.