Celtic announced their financial results to the year ending 30 June 2019 this evening. We do not have a good comparison to the season in question, as, unlike the previous two, there was no Champions League income, but both income and expenditure have changed since Ronny Deila left three years ago.
The good news: at £83.4m, income is up 60% from 2016, a staggering figure. I expect this will be around twice what any other club in the league earns, even those who also reach the Champions League group stage.
There’s lots of money coming in but all of it and more goes back out. Operating expenses (costs before player trading and exceptional items) were £86.9m, so all things being equal, without Champions League football we need to recoup £3.5m from play trading to break even. You would rather be in surplus, but this less than a fifth what we received for Moussa Dembele so is very manageable.
Player trading brought in an £8m surplus (Moussa) and in addition, there’s a Brendan Rodgers shaped “Other income” figure of £8.795m. Profit after tax (yes, tax, it is a real thing for some clubs) is £8.738m.
There is a lot of work goes into these figures. Merchandising, at £18m, is up slightly on the previous year but up 50% on the last Europa League season. This specific revenue figure, and season ticket money, is the bedrock of the club, allowing it to plan as it does. A great result for the commercial team.
Multimedia (TV etc.) income is where the Champions League money would appear. This figure dropped £18m to £22.082m. Making it to the Europa Group stage is still very valuable to Celtic.
More detail will be available when the Annual Report is published but by any measure, these are very solid numbers.
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KIKINTHENAKAS-hopefully mate,glad you enjoyed your golf.
My brother n law has told me I’m going to turkey next time for the golf.
A wee bit scared I bump into turkey bhoy though 😉
In fact….do Nicholas Provan Walker or Bonner EVER say anything negative about Sevco…..or do they just save their vitriol for Celtic?
3sy-big DJ calls it like it is ffs😉
The lurkin tim
It’s a genuine question…..both
FAIRHILL BHOY
Thankfully he’s retired
Nearest I’ve heard to being half honest was Gordon Dalziel
Our numbers are good. We are relatively well run.
We have, again, failed to qualify for the major tournament we strive for.
We are not perfectly run.
Let’s beat the hibbees tomorrow
In other words…..is there such a thing as an impartial Sevconian?
31003-met Gordon in the century,nice guy absolutely
Fairhillbhoy
We definitely got our money’s worth with the all inclusive was brilliant….still feeling it 🤣🤣🤣
Tell Mick to pop round to the Lions Lounge 🍀🍀🍀
Kikinthenakas
KIKINTHENAKAS-just Mick 😉
If only we could find a way of being this successful on the pitch (and off!) without financially rewarding anyone.
Ok, that is laced in sarcasm. I just don’t get the hatred towards Peter Lawwell regarding his wage, bonus etc.
I know it is a ridiculous amount of cash but that is the world we live in. Would some fans be happier if we got a CEO on the cheap and risk being less successful? (ie rangers winning trophies and not us)
Corri-aw naw ya nutter,
THELURKINTIM on27TH SEPTEMBER 2019 9:11 PM
So we’ve got the financials that eclipse any other team in the whole of Scottish fitbaw…probably close to the rest combined…so no excuses…it’s a quad treble for me…an before you go all entitlement bollox on me…I guarantee Lenny will be pushing the bhoys for it…
Lurikin
Really looking forward to the rest of this season…we’ve got quality strength in depth all over the team
THELURKINTIM on27TH SEPTEMBER
Really looking forward to the rest of this season…we’ve got quality strength in depth all over the team
After the treble treble I will be delighted with just a league title come the seasons end. My expectancy ends there.
A cup or 2 after that would be awesome but I ain’t hedging on it simply because it will bring disappointment in season that otherwise I have been delighted with
Why are people so happy to give up domestic cups?
They admit we are by far the best team in the country.
But the league will do…wits that aboot?
Send Gerrard hame with nothing, zilch, a big fat zero.
Hail Hail.
FRED C ( of Iron horse )
Not happening with NFL, I don’t think, some fans may have taken their eye off multiple trebility, but we now have a new more focussed manager IMO.
The League Cup in whatever form shaped the great Stein team’s, and put down a marker, for the season to come.
I think Neil Lennon gets it
HH
Paul67
Super figures for those that understand, every penny accounted for ( know what I mean? )
More importantly, for Celtic fans, NFL now has three Right Backs in place of Mikael Lustig
along with three Left Backs for Kieran Tierney, NFL’s Celtic have 51 goals before October, are top of the league, the dressing room isn’t lost and Hoopy the HuddleHound has found Haily.
Aye, life is sh@te being a Celtic malcontent CSC
BOURNESOUPRECIPE,
Totally agree. Cannae understand “the league will do” stuff.
The huns would love a wee cup or twa.
Hail Hail.
Fairhillbhoy
Yer more than welcome all away games on there…Marspapa has had a visit…had an interesting barman v sevco 🤣😁😁
Kikinthenakas
Fred C 10.25pm
Fans / Supporters can bump their gums… Neil has never won the league cup as a manager am pretty sure … he won’t be giving anything up …
The league cup was the first trophy Brendan ever won as a manager and am sure he also, like Neil, wants to win every competition they enter
Sleep well, everybody and lets enjoy tomorrow.
Enough of this surrender nonsense (c) Bojo
Seven consecutive trebles will completely finish their deluded pretensions of being “the most successful club in the world”.
BTW Paul67 this is now officially the WORST site on the Internet to post on!
Every post is excruciatingly difficult to post on and takes on average 20 minutes.
Please sort it out!
Billy Bhoy…I use Incognito Browser exclusively for this site…zero ads ever. Currently at 18745 ads blocked ;-)) I exclusively use my phone…dunno how it would be on any other device
H.H.
Let Gerrard go home and tell them how easy it is to win silverware in scotland…empty handed.
Night Bhoys.
Hail Hail.
AwnawnoFAIRHILLBHOYanawnoo :)
“Seven consecutive trebles will completely finish their deluded pretensions of being “the most successful club in the world”.
Do you really believe that statement?
You’re talking about a team with 5 stars on their shirt just because its look co; a team that believes it is more successful than the Real Madrids & Barcelona’s of this world; a team that claims to be a British institution but sat back & wrapped up championships while their opponents went off to fight in the war (for Britian); a club so warped that they would have anyone believe that coming second is the new first.
Rangers would have their players pose with the championship trophy, take & photo of it & claim it as a victory. They would even claim brass as the new orange just because it matches the colour of their necks.
Hello again all you young rebels.
Hope this helps anyone.
Regarding the blog jumping about all over the place, i’ve found since
my technicians ( grandkids ) updated chrome it’s back to normal just
waiting to see if CTV live picture is on tonight.
H.H . Mick
Mick…that’s too technical…ask them what they did to yer chrome settings…ps…bet you didnae find a handsome hun ;-))
H.H.
MELBOURNE MICK
Great that everything is hunky dory down under, but here in ‘Celtic Park time’
your ole CQN is jumping about like a Joey
Hail Hail
THE LURKIN TIM
Can never find any hurtin huns here, you know they are about but
they wear epl stuff now and talk about anything but fitba.
Regarding the chrome updates, because my ipad mac is old ( 7 years )
they downloaded Mojave apparently and the blog has been fine since
but the big test is CTV who advised me to update.
So wait and see.
H.H . Mick
GFTB – I will look out for John fae Coatbridge.
He wont miss us, my Grandson is as loud as me and Celtic crazy.
COYBIG
D :)
BOURNE
Luv that ” jumping about like a joey ”
Not funny when you are chasing them aff the fitba parks before
a gemme 8-))
H.H . Mick
Mick…can you no legally cull them…guid protein for the players ;-))
H.H.
THE LURKIN TIM
Whit… the huns you mean?
H.H . Mick
Mind you… that big fat fecker DJ would make a rerr pot o soup.
H.H . Mick
*SAM FENDER*…
https://m.youtube.com/watch?v=fLj3w7_HV6Y
HH
Widnae feed a culled hun to ma starving worst enemy…well mibbe another hun ;-))
JoeyburgersCSC
H.H.