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Celtic income down 21% after drop from Champions League

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By on CQN BLOG & Comments

Celtic’s turnover slipped 21.1% last season to £51.08m (2014: £64.74m), almost wholly explained by the drop from Champions League to Europa League competition. Operating expenses dropped by a smaller amount to £53.27m; higher than income, but by a very manageable amount.

The club’s cash position at 30 June 2015 was a positive £4.72m, although this figure will stray into negative territory during the season. Net exceptional costs were down to £740k, considerably less than the £4.089m paid out a year earlier, when the management team moved on.

Profit on the sale of intangible assets (football players) was £6.773m, down considerably from the £17.052m from the previous season, and a bit of a surprise given the expected impact of Fraser Forster’s sale to Southampton. It’s possible that Newcastle United received a dividend from the Forster sale. Total loss for the year, after interest, disposals and acquisitions, was £3.947m.

“Investment in football personnel” was up slightly to £9.42m, the amortisation charge for the year was £7.313m.

It’s clear that Celtic can continue to operate at current levels but the impact of Champions League revenue on all aspects of the club remains stark.

On the club’s wider place in society, chief executive, Peter Lawwell, noted:

“Charity forms a fundamental aspect of the club that we aspire to create. Charity lies at the very heart of Celtic; it is part of our DNA.

“I am delighted to say that the Club and its supporters does more now than we ever have done for charitable purposes, most notably Celtic FC Foundation, which continues to grow from strength to strength and to inspire all those involved with it.

“The continued commitment of our supporters, shareholders and partners is crucial; I thank you for that commitment, which we will do all that we can to repay.”

Only four days to go for the hospitality auction to win an outstanding day for three people. Lunch and drinks at the Walfrid plus watching Celtic-Dundee from the directors’ box, courtesy of Intelligent Car Leasing. Check out the ebay auction here. All proceeds to towards the incredible work of the Celtic Foundation.

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  1. clogher celt on

    Do the DUP and the UUP, by their resignations lose all salary and perks that go with the role?

     

     

    Anyone any idea?

     

     

    Clogher

  2. Celtic Mac on

    clogher celt

     

     

    Incredible story from Dublin 1916-1918 earlier. And to think that is just one woman’s experience at the hand of the Brits, or as it turned out, the descendant of those who came over with Cromwell. A brave strong woman indeed. Must admit I liked the bit about her young son picking up a Scottish accent after being treated in hospital there for ten weeks, at a time when she was pretending to be a Scottish relative herself.

  3. Clashcitybhoy on

    Gerryfaethebrig,

     

    I fully understand your focus on the team.

     

    Like most fans, I am not that bothered with boardroom goings on day to day.

     

    I note you say you are not a city boy – nbut I do have a view on releasing results at that time of day

     

    If it happened at other clubs, I wouldn’t be surprised , but it is not what I expect of Celtic PLC

  5. clunks on

    We do not battle the demons that surround us but we battle the demons that we create, in our minds.

     

     

    These are more powerful but much more weak.

     

     

    Because we create them and they exist alone in our imagination they are the most easily defeated.

     

     

    Because we created them we can defeat them with nothing more than a thought.

     

     

    Just a thought, think about that

  14. Gerryfaethebrig on

    Clogher….

     

     

    I am trying to get my homework done, but not once have I read that Grace Gifford was jailed (gaoled) in 1922, you have enlightened me about many things about Joseph & Grace but I am trying to find out as much as I can just in case we make it in 2016

     

     

    Clashcitybhoy

     

     

    I wasn’t being facetious and totally agree with you, but sometime I think good Celtic fans get irked more with the board and the team, I have a feeling you might remember the Kelly & the Whites, in my opinion we are in a good place on the business side but like your good self it’s on the park that interests us

  16. Turkeybhoy on

    Neganon,do you even have any idea who Celtic are playing tomorrow.

     

    Bet you have been salivating for weeks waiting on these figures to come out.

     

    A sad ,pathetic ,individual,with an unhealthy fixation.The problem is too many on here actually suffer you,but the good thing is there are now many sick of your constant ,boring,diatribe.

  18. Gordon64 on

    Roy croppie I was drinking with the luvely Ken McL of the Bluebells tonight. An absolute gent and great Celtic fan. HH

  21. clogher celt on

    Celtiic Mac,

     

     

    Fair play for taking the time to read that. Loads of similar stories around that time.

     

     

    HH,

     

     

    Clogher

  24. Gerryfaethebrig on

    Melbourne Mick

     

     

    Back around 1978ish, me and an older mucker kidded on we were going to watch Albion Rovers in Coatbridge, dogged the train to Carntyne, got a lift over and back on the PhIl Coles bus to langloan, my mum (who I was scared of) was there to meet the bus when we came back, (I was about 8) she gave me a big hug since I was safe, I then produced a badge I had bought for 20p….. “Peter Latxhford is safer than the pill” I got a smack around the ear and marched to confessions at 6pm on the Saturday night, I now think I got a skelp as Peter Latchford was that good a goalie

  29. clogher celt on

    Gerryfaethebrig,

     

     

    I will root out more information for you. Heading out to pick up Junior, from a party.

     

     

    Clogher

  30. Hamiltontim on

    Bmcuw

     

     

    Cheers mate. Sincere apologies for not replying to your email I’ve been unbelievably busy, I’ll do so on Monday.

     

     

    Clashcitybhoy

     

     

    You’re welcome mate.

     

     

    Neganon

     

     

    Keep telling it as you see it mate.

     

     

    I will say though, I know people who have far greater knowledge of the failings within Parkhead than you ever will, yet they achieve an enjoyment from watching Celtic and being amongst Celtic supporters that I fear you never have and never will experience.

     

     

    I know all about your grievances mate, and there are many I agree with, but there is so much about Celtic that makes us go back despite that.

     

     

    I genuinely and sincerely pity that that’s not your experience.

  32. timbhoy in spain on

    DD,I’d love to meet you tooo mi amigo.

     

    Tery Smith is out here in a couple of weeks.

     

    Aint seen him in 12 years,cant wait.

     

    Ah’d love to meet you mate & am here in November

     

    so just let me know & me & the wife will drive up tae Beni tae see you & I mean it nae BS

  36. Melbourne Mick on

    Gerryfaethebrig.

     

     

    He is a great character, i don’t know if he has a book out

     

    if he has i bet there would be a few juicy tales to tell.

     

    H.H Mick

  37. timbhoy in spain on

    One morning in July I was walkin through Tipperary,

     

    I heard a battle cry from the mountains overhead,

     

    I looked up to the sky saw an Irish soldier laddie,

     

    who looked at me quite fearlessly and said

  42. TheLurkinTim on

    Melbourne Mick,

     

     

    I canna find any compilation of big Pete Latchford…..maybe you antipodean cousins can make one…..;-))

     

     

    H.H.

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