The impact of Champions League group participation on Celtic’s interim accounts for the six month to 31 December 2022 was significant. Revenue increased by 44.8% to £76m. That’s more than the entire year’s revenue for the seasons to June 2020 and June 2021.
This was achieved despite the World Cup break, which reduced the number of home games to 14 (2021: 19). Celtic account for season ticket revenue as games are played, so more revenue will be recognised in the second part of the financial year. Despite the remarkable increase in income, operating expenses moved little, to £48.3m (2021: £45.8m)
This means that the club are certain to break the revenue record set in season 2017-18, which reached £101m. One big change from the previous interims is profit from player trading, down to £1.8m from a Edouard-spacular £25.8m a year earlier. As long as Celtic trade very profitably or reach the Champions League group stage, they will be comfortably in the black. Achieving both would be transformational for our football budget metrics.
Merchandising – yet again – edged up to £17.4m (2021: £15.3m). Multimedia and other commercial income rose to £30.8m from £13.9m, reflecting not only Champions League football but the commercially successful Sydney tournament. More of this kind of thing, please.
You and I have been here before. Looking back on successful interims only feels right if we are confident of winning the league. We are currently in that position, with the added benefit of playing for automatic Champions League qualification next term.
Well done to each of the departments behind these figures, and to the Celtic supporters who stand by their club with enormous conviction.
Great start to the weekend!
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thats us off to paradise hail hail
Bada
That is strange, given that Morton got and sold 2000 for the last round.
CELTIC40ME on 11TH FEBRUARY 2023 11:30 AM
STEPHBHOY67 on 11TH FEBRUARY 2023 9:41 AM
Standing still generally means your going back in an environment where others are trying to improve all the time. Europe is full of progressive teams, we need to be matching and bettering them wherever we can.
Spending money on the team is clearly the most important thing but infustructure is needed to help improve spending efficiency and to make sure that the club maximise income growth.
A good quality museum, cafe, bar, restaurant, hotel would bring increased income.
Spending on barrowfield training ground, making a grandstand and indoor facilities etc stops the club from spening money renting out grounds etc.
Clearly the guys running the club know what they are doing but that does not mean they can’t and should not aim ti improve.
HH
SLOLEYBHOY on 11TH FEBRUARY 2023 12:56 PM
Ask the mod for my email address and you can contact me for a seat on the bus
email celticquicknews@gmail.com
I was in Havana in 95 and when wondering about I came across a Masonic Hall, not far from the Malecon….
………it looked in poor repair, but almost all the buildings looked that way so hard to say if it was still extant………..
I was similarly shocked to see one in the middle of Cork city……….
Temples to sleekit mediocrity.
SETTING FREE THE BEARS FOR RES. 12 & OSCAR KNOX on 11TH FEBRUARY 2023 11:04 AM
BhoyJoeBelfast
“Reading through old Holywood stuff and was amazed to learn former wife of Francis Albert Sinatra,Mia Farrow was a member of the orange order.”
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Seems strange that Maria de Lourdes Villiers Farrow, daughter of Maureen O’Sullivan and a self-professed Catholic would join the OO.
Mind you- they did use to sing “The Sash Mia Farrow wore”
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Villiers???
Poshprivate proddy school in Limerick is called Villiers……….
Hmmmmm CSC
CELTIC: Hart, Johnston, Starfelt, Carter-Vickers, Taylor, McGregor, Turnbull, Mooy, Jota, Kyogo, Maeda.
Subs: Bain, Haksabanovic, Abada, Kobayashi, Oh, Iwata, O’Riley, Hatate, Forrest
Defence is pretty well fixed in stone.
live updates up