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.
[calameo code=0003901710a55b5798f06 lang=en page=1 hidelinks=1 width=100% height=500]
1,154 Comments- Pages:
- «
- 1
- ...
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- ...
- 31
- »
John O’Neil
“Elfsborg were actually quite radical in that they showed new ways to be bloody dreadful.”
Fortunately, I do not judge them on a one-off tie where we were equally dreadful.
Fact remains, they were Swedish champions and we have lost to many teams of lesser stature over our European history.
I do not care for any snobbery we would show to other countries teams. Any Swede would think it bizarre that a loss by a Scots team to a Swedish one was unthinkable.
My friends in Celtic,
I reluctantly acknowledge and accept that Murrayfield is the logical choice. Personally I too would have preferred Easter Rd with a negotiated TV deal to accommodate the missing 10,000.
The article posts figures that highlight the necessity of CL qualification and I think a full house with a partisan crowd would be more benifical to achieving this goal rather than a half full Murrayfield with no atmosphere.
HH and apologies if this view has been posted to death.
Vmhan,
Thanks for your thoughts. Good to see you posting again. This perplexes me. Does this event have any prestige left? I don’t care about that event. I care about Celtic FC. I hope that the bosses at Celtic care about Celtic FC more than trying to gain some prestige from a fading event. Have I missed the official explanation?
Pretty sure that with better weather and with all the shit on the pitch the grass will be better.
Celticrollercoaster
Thanks
BillyBhoy05
If you are about make sure you get involved in the quiz !
Eddie
No probs.
CRC, I hope you are away updating all the orders coming for badges! my alarm is going off every two minutes.
ItsgoingtobeaselloutCSC
Sevco going for a 90 minute clean sheet….
Thanks doc you heading out tomorrow? If so hope to catch up later :-)
Greenpinata
21:06 on
7 February, 2014
My friends in Celtic,
I reluctantly acknowledge and accept that Murrayfield is the logical choice
Bloody great idea, I’ll jump on the 26 bus and be there within 40 mins !
notraveltoglesga.csc
Will see you in the pub.
Email your order in for the badges and I’ll send you my mobile No.
cqnbadges@gmail.com
Doc
I’ll see you tomorrow re badges …give you some cash up front
‘GG
21:05
I’m trying to take it easy but as I have an early start tomorrow but the boredom is killing me. Refused to watch the sevco game on the tv and watched Lone Surviver, not a great film but worth a watch.
Oops!
Didn’t realise BBC1 were showing a Cup tie between two minnows.
Also didn’t realise that the hunz, undaunted by the abject failure of their ” show liquidation the red card” day, were now holding a “show administration the blue plastic seat” day. Well done to the 40,000 who participated!
Nothing wrong with football snobbery SFTB. Of course, the fixtures are played at a terrible time of the year. That is a mitigating factor but I am hoping for a more comfortable qualification next year. Let’s hope we try to strengthen the side before the games start.
eddieinkirkmichael
What kind of a watch?
Timex?
Seiko?
Swatch?
Good answers, but the one I was looking for is that both of them were involved in every single financial transaction during duncans football career.
HH
See fat budda advertising at the asbestos dome is he that ashamed with his fat salary that he’s putting a wee bit back!
Tony d
Ae you around?
JJ
Doc is Neil Lennon
21:10 on
7 February, 2014
Can you order your badge without going to the CQN10 for pick up i.e post it?
setting free the bears supports res. 12 & oscar knox
21:01 on 7 February, 2014
Aye but our resources are different, stronger and more resolute…:)
Keep the Faith!
Hail Hail!
Can I Have Raspberry On That Champions League Ice Cream
You back ?
SFTB
Are you around for a Pre=match quick drink tomorrow?
Ready and waiting, just.
If anybody does have a link to an official explanation, which explains what we are going to gain from hosting the official ceremony, could they post it?
A warm-up question……
Q1 What teams did The Celtic defeat to win the Coronation cup in 1953 ?
(2 points for each correct answer and a bonus 2 for the first to answer correctly)
Billybhoy choked on my drink when I read your post.
Arsenal Man U Hibs
jimmci
21:05 on 7 February, 2014
…………………………..
What did PL say?
Clyde Rangers and Hibs
Arsenal
Man Utd
Hibs
Pb
What have I told you about mixing your drink
arsenal man u hibs
Mibs
Arse
Manure
Did the fire drill last 90 mins at ipox?
Arsenal
Man U
Hibs
Arsenal, man u, hibs
Jim Jefferies looking rather content there for once in his miserable life.
The Spirit of Arthur Lee
21:14 on
Is that a bonus quession