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Celtic interim accounts out, ups and downs

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By on CQN BLOG & Comments

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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  13. BIG-CUP-WINNERS on

    Answer Q3:

     

     

    a) True. Celtic beat A Chinese National team by 6-1 in a friendly at Celtic Park back in 1979.

     

     

    b) False. But it was a close run thing. Allen McKnight left for West Ham in July 1988 and Alan Rough Joined Packy Bonner at CP in August 1988.

     

     

    c) True. During season 1979/80 Celtic played Albania outfit Partizan Tirana. The Communist party leader Enver Hoxha, had made beards (for guys anyway) illegal in the country.

  21. DJBEE on

    Had a picture of the two teams lined up, Hoops v China from the jungle. Chinese team were very small, think they must have put Zi on one of those stretchy tables.

  22. Cowiebhoy supporting the Celtic to 3 in a row on

    BT, good no great news on Wee Marco, another warrior :-)

     

     

    Doc, how much imagination did you need for your design, and I hear from a very reliable source their sales are lagging ?

     

     

    Now Paulosboots if Murrayfield was good enough for Pope John Paul ( and I seen him there) it’s good enough for me :-)

     

     

    Finally interim results! fantastic effort and work by our Board, who I generally support ( for TD67)

     

    But

     

    They also need to realise part of the reason behind drop in attendances is actually down to them and their attitude towards their customer base, and total lack of support on many issues, I reckon they have cost quite a few thousand to walk, and this needs urgent attention from them ?

     

     

    BCW apologies late on tonight so have missed quz

     

     

    Hail Hail

  23. blantyretim is praying for the Knox family on

    Soal

     

    After that you would be safer in the loudan tomorrow evening

  24. leftclick We are all Neil Lennon on

    Lennybhoy

     

    Met Mrs Doyle today and as requested passed on your regards.

     

     

    She was delighted and said you were a lovely boy and cant believe how many years has passed since yous were all running about her house.

     

     

    She sends her regards to you and yours and was laughing when she said “the weans are all 50 now”

     

     

    I would have text you but cant find my phone :(( the wee mhan was listening to some tunes on it earlier :))

     

     

    Good night all

     

    Busy day tomorrow and really excited about the game not been as excited since well the last game:))

     

     

    I think our clean sheet could go but also think we will score 4.

     

     

    A Stokes & Kris C up front with Leigh coming off the bench and scoring.

     

    Hail Hail

  26. FourGreenFields on

    hamiltontim is praying for oscar

     

     

    I had a great time there the last time mate , need to go there again soon .

     

    Great company as well .

     

    Cheers

  40. embramike supporting wee Oscar and Res 12 on

    tonydonnelly67 @ 21:36

     

     

    You can ask yes, when she stops getting personal with my Club, and My board, and PL, then I won’t get personal with her deal?

     

     

    —–

     

     

    Your club? Your board? The only person who can lay claim to that honour is Dermot Desmond because of his majority shareholding and I doubt he would have the arrogance to declare same.

     

     

    I am only a minority share holder and I would never have the temerity for such a claim, so I can only assume by your hubris that you lay claim to a substantial shareholding?

     

     

    And picking on an individual you presumably have not met and conversed with is puerile and unbecoming, and how would you like it if it was said of a female member of your family by an anonymous ingrate ?

     

     

    I agree with HT – the rest of us don’t really want to hear such spurious comments on this fine blog – it really lowers the tone to something akin to what would be expected in ‘their’ ill-informed diatribes.

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