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Celtic interims report income, profit and bank balance up again

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Celtic reported an increase in turnover of 6.6% to £53.3m for the six months to 31 December 2019 (2018: £50.0m).  Profit from trading was up slightly to £7.1m (2018: £6.2m), which the departure of Kieran Tierney saw profit from player transfers hit £23.0m (2018: £17.6m).

Money spent on player registrations for the period was £15.0m, up significantly from the £1.9m in the corresponding period last season.  The Rainy Day Fund was sitting at £45.1m, that’s just £8m shy of the annual turnover of Scotland’s second highest turnover club.

Celtic have moved into a new financial space since 2016, not only have we won all domestic trophies, but we have a commercial operation that is now successful enough to cope (if not thrive) when Europa League football is all that is achieved.

Expenditure, particularly on wages and transfer fees, has grown with turnover.  Transfer fees paid across both windows this season, at £22m, is the highest in our history.  Wages will continue to creep north, despite a couple of high cost leavers over the last 12 months.

We are safe and we are expanding, which has resulted in domestic success.  This is the kind of budget expansion I like, not the Casino Football we witnessed elsewhere a while back.  The lack of Champions League football this season and last is the only blot; one that needs to be addressed during this summer’s preparations.

Getting the big strategic calls right in football is a difficult balancing act.  I know the £45m bank balance is, ironically, not something any of us want to see, but it will enable us to push the transfer fees and wage boundaries further-still in the future.

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372 Comments

  1. GENE on 7TH FEBRUARY 2020 6:10 PM

     

    Complete the following

     

    What use is money in the bank when ……..

     

    What Gene?

     

    Nah money in the Bank is better than No Money in the Bank @ least

     

    we are on a strong financial footing not like our neighbours across

     

    the City who are heading back into oblivion teritory

     

    We need to seriously look @ stregthening our Defence if we are to

     

    manage to get into the CL Group Stages that is a Fact a no brainer

     

    an ongoing problem which needs to be addressed as soon as posible

  2. Gene

     

    ………. our club is winning every domestic honour available, is sitting well placed in a major European competition and the cash is a buffer against risk or could be utilised to strengthen the squad/ develop the stadium and area facilities.

  3. Clyde v Celtic

     

    William Hill Scottish Cup

     

    09/02/2020 2:00pm Broadwood Stadium

     

    Referee:Bobby Madden

     

    AR1 Calum Spence

     

    AR2 Michael Banks

     

    Fourth Official Craig Napier

  4. A highly impressive set of results. CL qualification is something we should be looking to improve. A club with our financial resources and qualification route should be making it most years.

     

     

    If we crack that then we’ll once again be going up a tier in the football financial ladder.

  5. JOBO BALDIE on 7TH FEBRUARY 2020 6:23 PM

     

    What a set of results. Bit who do YOU think was best director? Send an email to DOTY@WAHOO.COM and make your opinion count…

     

     

    I’m going for Directors of The Year Jobo Baldie @ least they are running our Club Sensibly &

     

    Not Throwing Caution Too The Wind Aye F*ckit lets just run this Club into the Ground yeah

     

    lets destroy our 132 Years “Unbroken” History Hail ! Hail !

  6. My friends in Celtic,

     

     

    Amazing results in a hostile environment.

     

    Repost from last article because it’s what I truely believe.

     

     

    Leigh Griffiths vendetta.

     

    SFA corruption

     

    Resumption of anti Celtic OB Mark 2 and subsequent dawn raids.

     

    Scottish “government ” sleeze.

     

    The Scottish establishment will protect Alex Salmond. Watch this space.

     

    Hollie Greig. ( Google it )

     

     

    Be wary, be very wary. Paranoia is justified.

     

     

    HH.

  7. RON67 on 7TH FEBRUARY 2020 6:32 PM

     

    Clyde v Celtic

     

    William Hill Scottish Cup

     

    09/02/2020 2:00pm Broadwood Stadium Cumbernauld

     

    Referee: DodgyBobby Madden

     

    AR1Dodgy Calum Spence

     

    AR2 Dodgy Michael Banks

     

    Fourth Official Dodgy Craig Napier (Waist of Space)

     

     

    What Your Point Ron 67 yeah we all know the script this coming

     

    Sunday anyway Get It In There The Bhoys

  8. CELTIC have released their Interim Report for the six months to December 31, 2019

     

     

    Operational Highlights

     

     

    • Currently top of the SPFL Premiership

     

    • Winners of the Scottish League Cup for the fourth season in a row

     

    • 21 home fixtures (2018:17)

     

    • Secured qualification for the round of 32 of the UEFA Europa League for the third year in a row

     

    • Conclusion of the most successful decade in the history of the club with 18 trophies won

     

     

     

    Financial Highlights

     

     

    • Revenue increased by 6.6% to £53.3m (2018: £50.0m)

     

    • Profit from trading was £7.1m (2018: £6.2m)

     

    • Profit from transfer of player registrations (shown as profit on disposal of intangible assets) £23.0m (2018: £17.6m)

     

    • Profit before taxation of £24.4m (2018: £18.8m)

     

    • Acquisition of player registrations of £15.0m (2018: £1.9m)

     

    • Period end net cash at bank of £32.9m (2018: £38.6m)

     

    • Period end net cash, net of debt and debt like items, of £45.1m (2018: £37.7m)

  9. AN DUN on 7TH FEBRUARY 2020 6:37 PM

     

    A highly impressive set of results. CL qualification is something we should be looking to improve. A club with our financial resources and qualification route should be making it most years.

     

    If we crack that then we’ll once again be going up a tier in the football financial ladder.

     

     

    Fair points An Dun however the problem we have in trying to get into the CL Group

     

    Stages is that UEFA do not want us in it & hear is the crux of said matter

     

    1) Because of Coldlands Population about 5.5 Million people in UEFA corrupt Eyes

     

    Not enough TV Subscriptions/Viewers

     

    2) We always either in the later stages of said Qualifications have to play a Club

     

    who is half way through their Season or a Club who has more financial clout

     

    than us that is what we are facing every Summer Time where the Living is not

     

    Easy as far as we are concerned in trying to achieve CL Group Stage Bonus

     

    Footy which sadly is a true fact however it’s not all doom & gloom perhaps

     

    Lady luck will shine on us for a change & we will get past all those dodgy

     

    awkward Banana Skins that EUFA keep throwing our way

  10. Is it wrong to say that I’d prefer us to play in the Europa League again for the next few seasons? Not just because we topped our group. But rather it was 6 top class games without the pre match nightmares.

  11. Adi_Dassler

     

    The Scottish establishment will protect Alex Salmond. Watch this space.

     

    P**h

     

    IMO

     

     

    Your correct Adi_Dassler the Scottish Establishment will give Alex Salmond

     

    a wide berth (avoid) poor Alex Salmond he will need to spend some of the

     

    extra shekels he made on his Book to defend himself

  12. With full condonance of the Scottish establishment, Alex Salmonds defence will be crowd funded.

  13. JOBO BALDIE on 7TH FEBRUARY 2020 7:02 PM

     

    Is it wrong to say that I’d prefer us to play in the Europa League again for the next few seasons? Not just because we topped our group. But rather it was 6 top class games without the pre match nightmares.

     

     

    Jobo Balde it’s not wrong to say you would settle for the Europa League matches instead of

     

    CL Group Stages matches cause lets be honest here the Europa League is our Level as for

     

    the CL we always end up in pot four of said competition & end up facing Clubs with bigger

     

    & better resources than our Club & we struggle to try & finish third its a stich up

  14. Salmond will go down; too many specific accusations

     

     

    Mackay broke no laws but is unemployable now. Feel sorry for the wife and kids who won’t get his cash now

     

     

    Clyde 2006 was seen as a big upset

     

    It was but in defence of that team; we were only 6 months into rebuilding a broken squad; some of those Clyde guys went on to better things

     

    It was a great giant killing and it can happen

     

     

    Not possible on Sunday, even if we change the whole 11

  15. As Martin O’Neill would say as regards to Champions League Group Stage Football !

     

    We are punching above our weight damn tooting MON

  16. Any teccies arooooooooooon? ;)

     

     

    Is it possible that a “Bot” or algorythymic…….construkt can post ad nauseum,

     

    sleekit formulaic guff?

     

     

    askin furra freen…… obvs!

     

     

    :))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))

     

     

    :))))))))))))))))))))))

     

     

    HHH. 1969.

  17. Buddy Morrisey on

    £45 million in the bank and Lionel Messi in dispute with Barca with an option to leave at the end of this season.

     

     

    Messi could be a good signing for us and a good move for him!

  18. Salmond will go down…………..but not on his own.

     

     

    Guess who knew ?

     

     

    Her dreams will be down the stank as well.

  19. CONEYBHOY

     

     

    Just as well he was stopped now.

     

     

    Who knows how this would have ended if he hadn’t.

     

     

    He says he was foolish.

     

     

    Only because he was caught.

     

     

    A menace to our children, IMO.

  20. Bankiebhoy

     

    Think you’re on to something – only when political stuff comes on do certain posters appear no matter when. This can only be done by some super app monitoring the comments and going into drivel mode.

  21. Back to Basics - Glass Half Full on

    Stunning results.

     

     

    Quietly pleased rather overjoyed.

     

     

    53,000 season tickets at, on average, £500 a pop is £26.5 million.

     

     

    Here’s one out of left field.

     

     

    Can we all get in for free next season?

     

     

    OK. A foolish notion. Totally unrealistic.

     

     

    Half price?

     

     

    :)

     

     

    Hail hail

     

     

    Keep The Faith

  22. Bada Bing Says:-

     

    Can you help me out by signing this petition?

     

    http://chng.it/hGwSN8j7

     

    Get Michael Stewart reinstated…

     

     

    Bada, I’ve signed the Petition Link you have posted your damn tooting

     

    Michael Stewart is a fair minded TV Pundit who calls things/so called

     

    match incidents honestly & fairly it’s bang out of order that BBC Scotland

     

    Sports Section have pushed him out the Door aye cause he is not bias

     

    enough for their liking against our Club & not being favourable enough

     

    towards we all know who bring back Michael Stewart or face the

     

    consequences like boycotting their License Fees

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