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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Oh!
An all-Italian Ladies single final at the US Open Tennis?
Marvellous!
But I was hoping Camila Giorgi would make it!
HH!!
Lets see a good performance and 3 points today Celtic, get me out of this dark cloud the results et al so far have provided.
Italiabhoy,
Could that wee snippet be the real reason behind the GASL return and the sudden interest in resurrection :)
NEGANON2 on 12TH SEPTEMBER 2015 12:38 AM
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
– See more at: http://www.celticquicknews.co.uk/celtic-income-down-21-after-drop-from-champions-league/comment-page-10/#comments
That garbled guff says it all.Seems the only time you can write coherently is when you are slaughtering all things Celtic.Very spooky
Sunday!!!!!!!!!!!!!!!!!!!!!!!!!!.Really?.
Suppersutton,
So it’s life in the car park for you, I’d like a bit more ambition
Aberdeen have won five out of five in the league. Commendable by any standards. How did they do in Europe? How many players did they have on international duty, at any age group?
The danger for us today isn’t Aberdeen, it is the effect of our international players returning from duty coupled with new faces in contention for a start.
I would keep as settled a line up as possible. VVD out, Simunovic In. Lustig starts if fit. Griff up front.
Gordon, Lustig, Boyata, Simo, Izzy
Forrest, Brown, Bitton, Johansen, Armstrong
Griffiths.
Rogic unlucky not to start, he’s been in good form. Strangely I think Scott Allan will go ahead of Tom before long.
GMS instead of James. The rest many have been good for him.
Brown injury? Bring in Tom.
Armstrong injury? Curiously if he doesn’t make it I’d go 4-4-2 and bring in Ciftci.
Lustig injury? Efe would get the nod ahead of Janko to replace him.
gerryfaethebrig
Ive had a wee moan before about why any leagues we win are now classed as being done in a 1 horse race.
The best placed finish we had during those years was a 2nd place and that was in the 2 seasons before we won the title again.
In those other 7 years we were the equivalent to Motherwell, Dundee Utd, etc. but those titles were glorified then.
Dont like it when Celtic fans buy into that and trot out the same line.
We can only beat whoever is in the league and still have to go to every away ground twice a season to be kicked up and down the place to win a football match.
It still needs to be fought for and won and i for 1 will savour it.
Seems there was some clown on here earlier this morning trying to slag me for spending £1,000 to come back for the League Cup game against the huns !!!!!!!!!!!!!.
Dear oh dear,that has to be the worst attempt at putting someone down in the history of Celtic,but the person is such an arrogant trumpet,that he probably cant see it.
CANAMALAR on 12TH SEPTEMBER 2015 8:53 AM
Suppersutton,
So it’s life in the car park for you, I’d like a bit more ambition
///////////////
Yes, guilty as charged. I’m a happy clapper. Enjoy my football. Attended home games during the lean times and still managed to enjoy them.
That’s just me. Content with life.
And the build-up to the game begins…..
http://m.youtube.com/watch?v=WUgFAbPSrnk
H.H.
50 Shades said @ 8:18:
” I don’t think its all huns either,”
I kind of agree with you in that I don`t think these people are Hun huns but , and maybe it is my changing perception rather than a changing reality, I am more aware of Green Huns now than I used to be.
Is there a difference in attitude between Glasgow based Tims and those living elsewhere in Scotia?
As much of Glasgow really is Green and White, fans might feel more secure in offering positive opinions about Celtic whereas those in a Blue favouring Scotland might be influenced by not wishing to fall out with too many of their acquaintances .
Incidentally, today`s game , for me , is much more appealing than the games against Rangers were. Today`s really is a football rivalry. I am looking forward to it and have expectations, however slight, of a Celtic victory.
JJ
JJ
Supersetton,
Happy to watch our once great club become insignificant in terms of European football and support your favorite European/English team in Europe , aspire to mediocrity, no for me, I’d like to be at least be aiming and investing to beat less financially well off team but your way they won’t be less well off for too long.
“We are quite keen to get him back and get his mum back. We know his mum misses it and my mum misses his mum, so we want all the mums together as well”. Hahahaha. ….. Just how gullible ARE the bhuns
SUPERSUTTON on 12TH SEPTEMBER 2015 8:59 AM
CANAMALAR on 12TH SEPTEMBER 2015 8:53 AM
Suppersutton,
So it’s life in the car park for you, I’d like a bit more ambition
///////////////
Yes, guilty as charged. I’m a happy clapper. Enjoy my football. Attended home games during the lean times and still managed to enjoy them.
That’s just me. Content with life.
>>>>>>>>>>>>>>>>>>>>>
As long as you understand that I am KING HAPPY CLAPPER ……!!!!!!!! HH
JJHS,
For me a green hun uses all the same tactis the huns used when being told there were problems at the club. Broach no criticism and shout down the dissidents.
JUNGLE JIM HOT SMOKED on 12TH SEPTEMBER 2015 9:00 AM
It’s simply a case of negatonians being negative ….. If Celtic were to win the World Cup, they would find something to be negative about ……that’s what they do, don’t cha know …..bless them !!!!
Cheers Clogher – much appreciated- had tried Murray’s Bar before-showed game but no atmosphere- will head to the Bad Ass and introduce myself to the Bhoys- thanks for the advice
HAMILTONTIM on 12TH SEPTEMBER 2015 7:52 AM
Wee reminder.
Any shareholders attending today’s game, we’ll be collecting signatures to get the Living Wage issue on the agenda for the AGM at the exit to the bus park.
C’mon the Celtic.
– See more at: http://www.celticquicknews.co.uk/celtic-income-down-21-after-drop-from-champions-league/comment-page-12/#comments
And who is we? Just asking like?
Morning Bhoys well the jam tarts came unstuck again last night a bit of a set back for them.I am looking forward to todays game it should be a cracker then on to Holland on Thursday. H.H.
CANAMALAR on 12TH SEPTEMBER 2015 9:11 AM
Behave yourself …. There is no such thing as a green bhun ….. Just misguided negatonians, who don’t do positivity…end of story …..there is only one type of bhun …. and they will be extinct soon
And, there are problems with the club? I didn’t know that, you would have thought the msm would have been all over that one, no?
JOE FILIPPIS HAIRCUT on 12TH SEPTEMBER 2015 9:19 AM
That result raised a wee smile …..and today’s will raise a big one, except within the negatonians community …..HH
Too many people get offended simply by having their opinion challenged. Personally I love it. It always educates at the very least it makes me re establish the facts as known.
Tony Donnelly67
Gooooooood morning Tony, fellow positioning ……..WIN, LOSE OR DRAW. HH
CANAMALAR on 12TH SEPTEMBER 2015 9:07 AM
Supersetton,
Happy to watch our once great club become insignificant in terms of European football and support your favorite European/English team in Europe , aspire to mediocrity, no for me, I’d like to be at least be aiming and investing to beat less financially well off team but your way they won’t be less well off for too long.
/////////////////
Don’t have a favourite other people team. It was Liverpool when King Kenny went there. Of course there are other teams I enjoy watching. PSG last night for instance looked like they going to win by a cricket score. It ended up 2-2. Football, eh?
Are for our “significance” to European football, it’s not something I worry about. We’ve been insignificant many more times than we’ve been significant. We will be significant again sometime in the future, who foresaw Seville – and why wasn’t that team in the CL final? Immensely enjoyable, as are the one off victories over better teams.
Which is what the Malmo result was for them.
Positioning = positivonian …….that predictive texting could get one into trouble … Hahahaha
67HEAVEN .. CHALLENGING THE LIE ..I AM WEE OSCAR…… IPOX BELONGS TO THE CREDITORS on 12TH SEPTEMBER 2015 9:11 AM
>>>>>>>>>>>>>>>>>>>>>
As long as you understand that I am KING HAPPY CLAPPER ……!!!!!!!! HH
//////
Of course my liege.
Morning all.
Back to the ole wind and rain. Well, it is good while it lasted, as they say.
Hope the rain doesn’t affect the game this afternoon.
I see the deid team are planning to win the Scottish Cup so that they can play in Europe next season. Have I missed something? (Probably have, right enough.) I thought they had to produce 3 years of audited accounts to be given permission to play with the big boys. Didn’t their auditors resign and decline to sign off the said accounts?
I think it is wrong to criticise the manager before a game as some on CQN are doing today is a day to support the Celts not knock them.I think today could be a day for Cifti as he can battle and for me thats what is needed against the Dons.I think our new Centre Back must play just to get him ready for the Ajax game. H.H.
67HEAVEN .. CHALLENGING THE LIE ..I AM WEE OSCAR…… IPOX BELONGS TO THE CREDITORS on 12TH SEPTEMBER 2015 9:25 AM
– See more at: http://www.celticquicknews.co.uk/celtic-income-down-21-after-drop-from-champions-league/comment-page-13/#comment-2675410
And good morning to you :)
Parkheadcumsalford …… That’s a minor detail….. Bless them
Can anyone tell me why I can’t copy and paste some monikers since the site changes ?
Parkheadcumsalford,
Am pretty sure Newco, under the rules, needed 3 years accounts to be eligible for admission into the SFL…..but don’t let the FTSFA get in the way of rule breaking…..;-))
http://m.youtube.com/watch?v=hSTivVclQQ0
Defending Champions
H.H.
Joe Filippis Haircut
It’s just the I told you so brigade, even if Celtic win 2-0 today, they’ll say it should have bee 3or 4
They’re not time, call them what ever, but they’re not like the tims I have hung around all these years, .
Thunder Road
Exactly
Parkheadcumsalford
Maybe CO is trying to change uefas rules as he is a such great administrator (2 clubs in admin on his watch) would love to see his CV
Anyway am away this time to give the bookies my less than hard earned cash
Any win will do Celtic
67 HEAVEN.
Sometimes happens on my iPad too. I usually get round it by copying something else on the page then copying the part I want after that. It seems to need a kickstart sometimes!
67heaven..,
You IMO are a shining example, never ever address an argument simply attack the dissenter with abuse and name calling, your last post about never being happy was typical. The negatonians would find fault if we won the World Cup, absolute drivel and you know it, any decent results have been appreciated by the “negatonians” like you I’ve read the appreciation (bar huns), but that fact is conveniently forgotten when it suits and it suits too often, to ensure polarisation and castigation in a vain attempt to subvert the concerns raised.
I’d be more inclined to behave myself if people like yourself played the baw and no the mhan.
TD67 Yes it is a strange thing to do before a game there is a time and place for everything and today is the time to give everyone at Celtic 100% support. Maybe its easier to criticise I dont know ? but today is a big game and win lose or draw im firmly in the hoops camp. H.H.