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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. Gerryfaethebrig on

    Clashcitybhoy…..

     

     

    This “free run” of three years, as a company/club the three years you type of should maybe be a bit more……some of the talk about qualification for the CL is a bit “presumptuous” is it our right ? Or is it maybe just winning a game of football, as for the reading of the accounts and releasing stuff before the markets closed……am afraid that is exactly what businesses do, it’s called business

     

     

    Would you prefer the board to lie, or hide stuff ?

  4. sipsini on

    I’m not realy into politics but watching the news on stv, jeremy Corbyn is already being portrayed as the anti Christ, a left wing nutter on a bike.

     

     

    Atleast he got on a bike unlike the rat tebbit.

     

     

    The smsm have one thing in common with the English msm…they know how to tarnish.

     

     

    Then brainwash their opinion that has been handed down to fool the voters.

     

     

    The ones that can be arsed to vote…. Not many tories miss a vote!

  8. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    COWIEBHOY

     

     

    Pat Stanton played less than a year with us. I’ve just woken up,but my inner pedant never sleeps!

     

     

    Signed in September 76 and injured August 77.

     

     

    I think his injury was the first one we suffered that season. It was far from the last. It was like Emergency Ward 10…

  9. Geordie Munro on

    Cowiebhoy,

     

     

    All about opinions neebs and yer well entitled to them neebs ;)

     

     

    I just don’t see how adding another forward will stop teams getting chances against us.

     

     

    It wouldn’t break my heart if we played two up top when needed. I just like to see the midfield controlled in games. They are the ones ye tend to win.

     

     

    HH

  11. Hamiltontim on

    Tomorrow, at the exit from the bus park at Pittodrie, a few of us will be collecting signatures. The purpose is to once again highlight that Celtic Plc, supported by the most ethical, compassionate people in the world, are still paying hundreds of employees less than the Living Wage and refuse to become an accredited LW employer.

     

     

    If you’re a shareholder and passing by please consider supporting this proposal.

     

     

    We’ll then go in and burst our lungs for 90 minutes cheering the Bhoys on the park.

  15. Gerryfaethebrig on

    Bmcuwp

     

     

    Harsly been on the blog since last Sunday, just dipped in now and again, but showed the wee blade your post from Thursday morning, she usually scorns when I am on Cqn, her smile was pretty impressive !

     

     

    Hail Hail

  18. Hrvatski Jim on

    Few old heads ? Imagine, signing a Jock Stein or Ronny Simpson to enhance the squad these days ..     PL and DD would be having convulsions! –

     

     

    Craig Gordon is the modern equipment of Ronnie Simpson.

     

     

    PL was being heavily criticised for signing an older free transfer goalkeeper .

     

     

    It was mostly fans and posters on here who were having the convulsions.

  19. Geordie Munro on

    Love lenny and what he done and I don’t like comparing.

     

     

    But…..this ‘hasnt won a game he shouldn’t’ line is a crock of shit.

     

     

    When did lenny win a game he shouldn’t have? 20 months into his reign??

     

     

    giespeace csc

  21. sipsini on

    Cowiebhoy…

     

     

    Before I hit the hay, in total agreement with one up front.

     

     

    Ffs, play two,

     

    Let’s see what we can do,

     

    Give it a try,

     

    And the fans will buy,

     

    C’mon Ronny, you know it’s true.

     

     

    That’s my wee ditty for tonight.:)

  24. Clashcitybhoy on

    Gerryfaethebrig

     

     

    releasing stuff before the markets closed……am afraid that is exactly what businesses do, it’s called business

     

     

    ———-

     

    Have a look through LSE results, and Celtic’s historic results – the timings of market notifications are all in the public domain.

     

    Friday at 4.20 pm, is most definitely not the norm.

  26. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GERRYFAETHEBRIG

     

     

    Always happy to help,mate. Your love for that lass is a beacon.

  27. bournesouprecipe on

    Madmitch @ ages ago

     

     

    There was spend all summer substantial or insubstantial depending on your opinion.

     

     

    What summer are we on re loan deals?

     

     

    We have one incoming Tyler Blackett from Manchester Utd – the rest is history, in the year before.

     

     

    We don’t do doubling up of positions in SP Hell not especially not left backs.

     

     

    If, in the case Virgil or Jason staying, we’d go go bust if we had an academy of multi million pound signings, – sitting on the wee diddy league bench.

     

     

    CB was covered when we bought Dedryk Boyata, VVD had longer term ambition to move as underlined in his £13M sale.

     

     

    He wasn’t staying with Celtic on 15k when his short shelf life could get him 30k, at an EPL club.

     

     

    Injury problems at RB were quickly covered by the purchase of Saidy Janko Manchester Utd (again) so we could even afford to loan Darnell Fisher ( who is two years older )

     

     

    Left back is covered by utility man Charlie Mulgrew why spend millions on an Izzy, second string?

     

     

    Nadir Ciftci is a bi product or previous failings in the market and not another one yet, until he has had a chance, unless you don’t get a chance anymore.

     

     

    The board are watching on match days, and they feel the same draft, as you or me. Spending money you don’t have makes you die, and then pretend you’re on a wee journey. It takes decades but it happens so we pay the bills © ƒergus

     

     

     

    Hail Hail

  31. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    HAMILTONTIM

     

     

    Good luck in your endeavours tomorrow,bud. That’s both the signing and the singing.

  33. Cowiebhoy on

    Bmcuwp

     

    Just checked on Wiki -played 37 games winning both the league and Scottish cup – nice end to his career ( forgetting the career ending injury mind)

     

     

    BCW

     

    Would be 2 up front for me at Celtic park

     

    Geordie

     

    4,4,2 at Celtic park would or should win the midfield :-)

     

     

    Hail Hail and Nytol

  41. Cowiebhoy on

    Just before I go

     

     

    Now my big mhate Rab Murphy who sadly passed away just under 2 years ago was a goalie, and big Gas Meter ( Peter Latchford) was a hero of his

     

    Big Rab’s question

     

    How come big Gas Meter never got a testimonial ? He was with us 12 seasons

     

     

    Nytol now :-)

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