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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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  2. Melbourne Mick on

    Roy Croppie

     

     

    As per usual, fantastic posts.

     

    Well must go now, it’s time to get smashed with a

     

    soccer ball all over my poor auld body.

     

    It’s the wee mhans training morning…groan.

     

    H.H Mick

  9. Gerryfaethebrig on

    Melbourne Mick

     

     

    He has never a bad word to say about us but I was brought on on not very good goalies, Roy Baines, our Peter, even big Packie wasn’t the best, the big man had a great 1990 World Cup but wasn’t the best for us, then onto Ian Andrews, Carl Muggelton, Dimtri Kharine, Magnus Hedman and even Rab Douglas & Gordon Marshall the hairdresser (they were listed in no particular order) we have been spoiled lately with Artur, Frazer and now who I think is the best of the lot Mr Gordon, but back in the day I think we had the best goalie on our books and didn’t play him Alan Rough !

     

     

    Clogher, cheers yet again, no rush, I have got months between now and Easter, my brother & wife are off to Letterkenny in 2 weeks, he has been over the water many times, I am still the only sibling that hasn’t visited, hopefully that will be put right soon

  11. Canamalar on

    Turkeybhoy,

     

    That’s right, remind us all howmany times you made the journey back to watch the Celtic and who we were playing ?

  15. NegAnon2 on

    That’s right Turkeybhoy.mi ah pave no idea who we are playing on Sunday……..

     

     

    I love your a grey sychophancy though. Something very special about it

  19. Saint Stivs on

    EXSLAEMUIRBHOY on 11TH SEPTEMBER 2015 5:48 PM

     

    Saint Stivs

     

     

     

    Saw yer post about your best mate regarding Annfield last night. Lost count of the number of times that has popped into my head over the last 38 or so years. is he still in the Port ?

     

    —————

     

     

    allrighty big eldo.

     

     

    that morning in october 77, the playground of saint francis, its amazing how we both remember it,

     

     

    wullie d went and got a job with an insurance company in milton keynes, at the age of 19, he and kathleen left the port.

     

     

    he has had a really successful career, and now has his own company.

     

     

    we lost touch for a long time,

     

     

    we had a good connection around seville time, when he was taking his 3 bhoys to the match.

     

     

    then a brief chat last year when we talked about suggs autobiography.

     

     

    i admire him very much , and am very happy with what he achieves so far.

     

     

    but dont tell him,

     

     

    i owe him and his mum a lot in life.

     

     

    keep it lit

     

     

    https://www.youtube.com/watch?v=foXf3n1Mv0I

  27. Gerryfaethebrig on

    HT

     

     

    You re making me jealous, the earliest I left for pittodrie was 8am from the Kirkshaws Club in Coatbridge, the kick off was 6.05pm !!!!!! We did have a few hours in Inverberbie !

     

     

    Enjoy yourself the morra and keep doing what you are doing

     

     

    Hail Hail

  34. Canamalar on

    Careful with that tax..,

     

    That’s right ya bawbag, he’s in turkey and he came back for one game last season to watch his beloved old firm

  36. Geordie Munro on

    Canamalar,

     

     

    It’s a myth that we only play with one system that never changes.

     

     

    Sure the team lines up that way but it changes often throughout some games.

     

     

    HH

  38. timbhoy in spain on

    Careful With That Tax, Moonbeams,

     

    Your’re a hoot man,

     

    Turkeybhoys a good Tim

     

    ,fellow Govanite.

  41. Canamalar on

    Geordie…,

     

    I’m only going on his own words, he plays the same formation and tinkers within that plan

  42. TheLurkinTim on

    I apologise to BT of this manor…..I swore I’d never call a hun a hun…..but Neg2 so is it’s easy…..;-))

     

     

    KYF

     

     

    H.H.

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