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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The return of the unseen fenian bean counter.
new article posted.
Bournesouprecipe 12.06
Lol. And no I didn’t.
@ GENE on 20TH SEPTEMBER 2018 12:14 PM
Well when looking at Celtic’s accounts to 30 June 2016 (RD’s last year), PL earned £999,560 (inclusive of bonus) with Celtic having a turnover of £52m. As a percentage that works out to 1.92%. This in a season where Celtic didn’t qualify for the CL, had half empty stands and lost to Sevco at the first time of asking.
So still outstripping his equivalents in EPL even when, on the face of it, we are not performing well.
THE HANDS CANT HIT WHAT THE EYES CANT SEE on 20TH SEPTEMBER 2018 12:08 PM
Using Neg2 and others thought process:
To achieve record turnover and financially leave all other Scottish clubs in our wake in a ” racist ” hostile environment needs a miracle worker of a CEO.
Miracle workers require miraculous renumeration.
HH.
Fantastic result last night, and in our finances …… onward and upward ?????? …funny how Celtic ‘drop’ 2 points, but sevco ‘win’ a point ?♂️
Fantastic result last night, and in our finances …… onward and upward ?????? …funny how Celtic ‘drop’ 2 points, but sevco ‘win’ a point ?♂️
Great article
Great article
Bhoys could someone do me a favour and copy my horse nap to the previous thread please? I simply can’t access it, no idea why.
Old guard 2-40 ascot
thanks
And that message is from twists and turns!! Olive fish??? Wtf