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Celtic interim accounts out, ups and downs

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Celtic’s revenue for the interim six months to 31 December 2013 fell 11% to £44.8m (2012: £50.1m), while operational expenses also fell, by 7%, to £34.3m.  The club had £5.7m cash in the bank, £5.6m more than a year earlier.

A few factors behind the figures:

We played fewer home games, 16 as opposed to 19 the previous season, and although you may pay your season ticket up front, the club only recognises the income when games are played (cash at bank is recognised as soon as your payment lands).

Profit was up to an incredible £21.3m, from £14.9m), largely as a consequence of the sale of Victor Wanyama, Gary Hooper and Kelvin Wilson last summer.  Without wanting to go into the who ‘A word’ (it’s not 2004), money coming in from player sales goes straight to profit whereas money going out on player purchases hits profit gradually over the period of the player’s contract.

Investment in players was almost identical to the previous year, £5.0m from a 2012 figure of £4.7m.

Financially these are great figures but there are potential weaknesses lurking.  The club are absolutely dependent on reaching the Champions League group stages more seasons than not.  This brings significant revenue – and supports whatever player valuations the club will be able to achieve should they sell.  It also acts as the most effective tool to attract talent to Scottish football.

Finishing fourth in the Champions League, not second, is the most significant factor in the interim drop, but it will have a more significant impact on the second part of the season, which will be without a knock out stage round.

Celtic are still repointing the club away from the arms face they fought with a lemming club but they have delivered the key on-field objectives, which in itself takes care of the finances.

If you would like to read the new CQN Magazine, GO HERE to read properly, and for FREE, the graphic below is just a taster.
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  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    bobby murdoch’s curled-up winklepickers ………fc not plc

     

     

    15:24 on 7 February, 2014

     

    THEORIGINALSADIESBHOY

     

     

    Call it a draw.

     

     

    You got the game wrong and I got the ref wrong!

     

     

    Between us we could win a quiz,you know.

     

     

    Anyone know where we can find a Celtic Quiz on a Friday?

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    PAUL67

     

     

    This reverse podium stuff.

     

     

    Stoapit!

     

     

    Yiv had yer fun…

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    NUMBER 12

     

     

    Magnificent post earlier to lose yer cherry.

     

     

    Welcome aboard!

  4. BMCUW

     

     

    “You got the game wrong and I got the ref wrong!

     

     

    Between us we could win a quiz,you know.”

     

     

    ….or to put it another way, between you, you could get every question wrong@

  5. Given that reaching CL group stage is essential have we done enough in recent transfer window to ensure qualification?

  6. LiviBhoy - God bless wee Oscar on

    How much do we get from auld Lizzy for the CW games hosting? Hopefully they are either covering the costs of hiring Murrayfield or paying us top dollar.

     

    PS: Keep an eye on that Coronation Cup. She might be off with it.

     

     

    LB

  7. setting free the bears supports Res. 12 & Oscar Knox

     

    15:35 on

     

    7 February, 2014

     

    quonno

     

     

    On reflection the question should have been have we tried to do enough to ensure qualification?

  8. TBJ Praying for Oscar Knox on

    I just dont see why we don’t follow follow the govan business model… go bust and keep our history…. get full houses to watch our gallasticos trounce every team in scotland on our way back … and win the one trophy that evades us… the Ramsdens Cup ;)

  9. You can never forget your roots Paul. The “A” word indeed.

     

    Good to see mention of standing areas.

     

    We discussed that on here many many moons ago.

  10. Pogmathonyahun aka Laird of the Smiles on

    Good news for us regarding the Club’s finances. Does it tell you how much GCC paid directly into our account from Council Tax contributions in the full report?

     

     

    Get yourself down there, you know you want to, and help increase the profits of another Bhoy:

     

     

    Starts today FREE raffle @9pm pic.twitter.com/tcGW2QDjTZ

  11. TBJ Praying for Oscar Knox on

    Shirley we have two cup final revenues to lift this season as well as the candy for hosting the opening ceremony etc

  12. How much did we pay Finbar O’Brannigan for the training ground at Barrowfield?

     

     

    Did we bypass him and pay direct to the Commies and Kafflicks at GCC?

     

     

    Vanguard Bears will demand to know.

  13. Paul

     

    I think we have done a good job of guarding against the potential revenue loss of revenue if we don’t qualify for CL.

     

    We have a large pool of players and a couple or three would bring in sizeable fees.

     

    The standing area, development of the Celtic Triangle and stadium improvements should improve the “match day experience.”

     

    The “Celtic Brand” should be enough to make us an attractive proposition for sponsored tournaments such as the one we participated in recently in Turkey.

  14. Pogmathonyahun aka Laird of the Smiles on

    lennybhoy

     

     

    Ok I’ll do it just now! BTW have you got a table sorted for the CQTen? I’m bringing Mrs PMTYH.

  15. Neganon,

     

     

    Where did you infer Paul said Fergus was perfect……stop reading things that aren’t there…..

     

     

     

     

    “But lets not pretend all was rosy and Fergus was perfect. Cause it aint true”

     

     

     

     

     

    After reading your post about Paul, then the final quote above, can you not even forgive me a teeny weeny wee bit for writing my previous!!???

  16. Gg…

     

     

    If a club of Celtic’s standing can’t successfully negotiate qualification past the diddy teams in the Champions Route of qualifiers then there really is no hope for the Plc.

     

     

    Even fat Sally might manage that with that level of funds.

  17. quonno

     

     

    “On reflection the question should have been have we tried to do enough to ensure qualification?”

     

     

    If you keep the word ensure, then the answer will always be no. there is no ensure in sporting competition?

     

     

    If the question was

     

     

    “Have we done enough to make our qualification chances as high as they can be within our financial means?”

     

     

    My answer would be

     

     

    Dunno- we’ll see come next summer

  18. Was in getting tickets there – sneaky Celtic trying to force 116 on us when I knew 111 & 112 had loads left.

     

     

    Anyway sky were setting up for their coverage tomorrow, so I sauntered over and asked them how long it took to set up and break down for a game – the collective opinion was 2 and a half hours all in. The rest of the time they spend eating burgers and playing candy crush on their mobile phones…

     

     

    Seems Greggs on Legs was right…

     

     

    Neil Doncaster – who’s pulling your strings? – we demand to know – the public of the United Kingdom deserves to know!

     

     

    U

  19. Dontbrattbakkinanger on

    ‘The club are absolutely dependent on reaching the Champions League group stages more seasons than not. ‘

     

     

    -difficult, but not unrealistic.

  20. NatKnow - Supporting Wee Oscar on

    LiviBhoy – God bless wee Oscar

     

     

     

    15:34 on 7 February, 2014

     

     

     

    How much do we get from auld Lizzy for the CW games hosting? Hopefully they are either covering the costs of hiring Murrayfield or paying us top dollar.

     

    PS: Keep an eye on that Coronation Cup. She might be off with it.

     

     

    LB

     

    ———————————————————————————————

     

     

    We get the pleasure of grim-faced huns (is there any other kind?) staring in jealous rage. Although, with her visit to Celtic Park and her laying of a wreath in the Garden of Rememberance in Dublin in 2011 I’d be surprised if she isn’t on the FF “Banned List”. :-)

     

     

    BTW – I figure I must be about 10 mins drive from you in Edinburgh.

  21. Hmmmmmmmm

     

     

    tonydonnelly67

     

     

    15:42 on 7 February, 2014

     

    Neganon2, sensationalism as usual,I didn’t attack anyone, I only stated an opinion on them that I have, easy tiger, cam doon,

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