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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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  5. BRISBANE 67 on

    Paul67

     

     

    These are (whether we like them or not) the most important issues facing us as a club. The Financial side has taken over. We have to accept that.

     

     

    The beautiful game?

     

     

    The beautiful balance sheet?

     

     

    Thus we must face facts and consider our lot.

     

     

    Where do we want to take this club? Are we content to play the 45 rpm Mediocre Melody time and time again, season after season, and allowing Peter Lawwell our resident DJ to serve us up stilted humdrum in the form of ex-players and high risk unknown managers who will not rock the PLC boat?

     

     

    It’s time for Celtic to spend again.

     

     

    I’m sick of the grey barge that we have become.

     

     

    I’m not talking about buying silly season players.

     

     

    I mean buy a good manager: A GOOD MANAGER!

     

     

    THAT IS WHERE IT STARTS.

  11. TheLurkinTim on

    Butsybhoy,

     

     

    ta…..it is tear inducin…..but my concern right now is if CharlieBhoy got what he wanted…..;–))

     

     

    H.H.

     

     

    YNWYFA

     

     

    yulneverwalkyerfaithalone.CSC…..;-))

  15. butsybhoy on

    TheLurkinTim

     

     

    We are all tims some good, some aff there heads but we have a respect for everyone’s opinions.

     

     

    regardless..

     

     

    But my thinking? be good be safe and be as honest….. then you cant fail

     

     

    just my thinking

     

     

    HH

  19. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THELURKINTIM

     

     

    I mailed it to him,mate.

     

     

    Accredited to yourself,and well done for that.

  22. macjay1 for Neil Lennon on

    BRISBANE 67 on 12th September 2015 1:14 am

     

     

    “Spend.” you say.

     

     

    On the unproved assumption that our status will no longer quo.

     

     

    How much were you thinking of to guarantee Nirvana ?

  25. TheLurkinTim on

    BMCUWP

     

     

    U nailed who for what….in my name?….wtf r u trying to start a religion…..even tho…..I trust you…..;-))

     

     

    ilovetheenglishlanguage.CSC

  26. BRISBANE 67 on

    Paul67/Moderators

     

     

    Some pretty bad language on here.

     

     

    That fact that most on here are adults doesn’t excuse the tolerance of such trash.

     

     

    Come on CQN clean it up.

  29. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THELURKINTIM

     

     

    It was in response to your post about Charliebhoy at 0124.

     

     

    I should have made that clear. How did you find it?

  31. BRISBANE 67 on

    Macjay

     

     

    On the facts that good managers generally create a whole (team) that is greater than the sum of its parts.

     

     

    Our recent managers create teams that don’t even amount to the sum of the players involved, completely negating their own existence.

  32. timbhoy in spain on

    Hey Brisbane,FFS whit#s the matter wi ye?

     

    Yer no a wean are ye?

     

    For Gods sake yer in adult company get a haud o’ yerself man!!!

     

    Up the Celtic

  33. TheLurkinTim on

    Ahhh…..thanx Bobby…..Google detective……u realise that everything we post on here can b found…..eventually…..;-))

     

     

    H.H.

  35. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THELURKINTIM

     

     

    I’m just happy for some of my more outrageous stuff to go unnoticed by my two sisters!

     

     

    Break over,back to work…

  36. Geordie Munro on

    “Our recent managers create teams that don’t even amount to the sum of the players involved, completely negating their own existence.”

     

     

    brisbane,

     

     

    it’s pretty hard to take you serious when you post stuff like that.

     

     

    noswearysinthatpost csc

  37. macjay1 for Neil Lennon on

    Brisbane

     

     

    Our recent managers create teams that don’t even amount to the sum of the players involved, completely negating their own existence.

     

    ==============================================================================

     

     

    Dead right. Certainly our current manager.

     

    I think we HAD the players to reach the C.L. qually.

     

    I have a sneaking suspicion V.V.D.may have stayed had we progressed.

     

    His joy at our goals and his grief at our losses suggest that he was not “in transit ” as so many suggest.

     

     

    Today is a BIG game for Ronny.

  40. TheLurkinTim on

    Bobby…..thank you…..am so happy it got where it was needed

     

     

    jist like BGBhoy…..I look forward to the how/why

     

     

    H.H.

  41. BRISBANE 67 on

    It is likely that Poland and Germany will progress.

     

     

    What an opportunity to welcome MON back to Paradise.

     

     

    But that wouldn’t happen.

     

     

    1) PL would not have a timid yes man.

     

    2) MON is not one to be quiet and read the script from Kerrydale St.

     

     

    That’s the tragedy.

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