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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Sore one for us Irish in the rugby but we were beaten by the hungrier and better team on the day. One upset a day is enough so I will be happy with a +3 result for the Hoops
BIGPHIL47
Try the Irish Pub in Canarregio. Phone 0039 041 099 0196.
Today’s official starting line up v Hibs ……
Forster; Bauer, Ajer, Jullien, Bolingoli ; Brown, McGregor; Forrest, Ntcham, Christie, Edouard
Subs: Gordon ElHamed Hayes Elyounoussi Rogic Bayo Sinclair
The Hoops Line Up
Forster
Bauer
Julliene
Mbombo
Broonstigator (c)
Calmac
J A M E S I E
Oli Ole
Ryantula
22
Celtic posts lower profits in ‘satisfactory’ accounts
from glasgow herald.BAD NEWS
RANJURS CUT LOSSES FOR 6 YEARS IN A ROW .GOOD NEWS.
That TEAM has Win written all over it.
Excellent first 11 and terrific bench, glad Sinky is back in the fold :-)
Who plays in behind Odsonne?
Ryan or Olivier ?
GFTB – I forgot the Mega KA.
I hope I am not foreshadowing a red card. I know I’m not. ;))
Celtic is Rocking and oor Bhoy fae Lurgan is an absolute Genius.
I’ve started so I’ll finish.
Magnificent Magnus.CSC
Petec 11.28am
Neil has got them all at it, long may it continue … keeping them all hungry, with hopefully plenty of games in all competitions to compete in
NorrieM am sure Neil mentioned he wants a focused Ncham playing further up the park … and shooting more :-)
Hello again all you young rebels.
So glad to see my potted heid post was confirmed on here, was beginning
to think my own heid was deteriorating to such an extent that imagination
was taking over, suppose a bit like the stickies thinking they are the same
team lol.
Well, primed and ready for the game now on CTV, just like Trump” said i’m locked
and loaded “, if it doesn’t come up live after all the updates and feckin fine tunin
the ipad is going oot the windae.
CTV here i come.
H.H . Mick
Pages jumping about, pages going missing, turn off Java, turn on Java, use adblocker xyz etc etc.
Surely something can be done to improve the site??
Where is Winning Captains when you need him? He used to take all issues like this seriously and try to solve them.
Are there no technical gurus who can offer to help Paul67?
I thought at times last week in the first half against Killie that Oli and Ryan were occupying the same space. Jamesie moving to the left seemed to sort that.
NORRIEM on 28TH SEPTEMBER 2019 11:27 AM
Who plays in behind Odsonne?
Ryan or Olivier ?
HAS to RC
BigJoetiedup
Gerry,
There will be goals in this game. ;))
When Lenny was Hibs Manager it was always one of the games to look forward too @ Celtic Park. I hope Hibs have a similar philosophy under their latest dude.
Respect Pat Stanton.