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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. Tontine 10.32

     

     

    Then there were the Wee Barra and the Juggler allegedly sold to pay for the floodlights, the ones the Luftwaffe appreciated albeit 18 years later.

     

     

    Cannae stop laughing lol😁

     

     

    HH

  2. I’m of an age when Davie Hay was the first Celtic manager I really took notice of. The 1985 cup final and winning the league at love street were my first real Celtic memories experienced in the flesh so to speak. For that alone he’s been a Celtic legend to me.

     

     

    The board let Judas and choccy go too soon and I think davie suffered as a manager because of it.

     

     

    God bless you Davie. You’re in my Celtic heart

  3. Tim Malone Will Tell on

    One thought about ‘translategate’.

     

    Although Celtic seem to be actively pursuing Ofcom to get answers – could some body such as Celtic Shareholders or Supporters Trust push this further wrt threatening litigation?

  4. I heard placed slurs repeated On news bulletin mentionin word racism

     

     

    On radio Scotland,

     

    On 5 live

     

    On talk sport

     

     

    Repeateadly.

     

    A whole day and a half of it

     

     

    Not heard any mention of our complaint to Ofcom on any station.

     

    Strange that….NOT.

     

     

    A really good week for meejah watch here

     

     

    The car tampering sun

     

    The p.i – rekkkord

     

    The interview-sky

     

     

    The translation.-social media alicantetims

     

     

    All parties involved involved in the building of this guff up till our complaint.

     

     

    Are waitintobetelts..

     

     

    REPORTERS MY ARSE

     

     

    HH

     

     

    Lol https://youtu.be/lENWOLce59s

  5. Having now seen the Motherwell match, if I could still vote in jobo’s ‘only free and fair’ elections…..

     

     

    1. McGregor

     

    2. French Eddie

     

    3. McGregor (how many fekin steps did he do the other night?????)

     

     

    Jaysus, Eddie plays for the team not himself.

     

     

    WGS is the biggest wee Tim ever

     

     

    HH jg

  6. And another thing…..

     

     

    I had a dream last night.

     

     

    A long, looping header by killie bears the huns and effectively finishes the league.

     

     

    Unrepentant as fek.

     

     

    HH jg

  7. None of us know the mindset of Eddie…is it inconceivable that the prospect of becoming a Celtic Legend doesn’t appeal to him, no matter how yer career goes afterwards? To have a Celtic legacy is no mean feat…to be feted in a foreign city forever more must hav its appeal…even if it means we push the boat out to keep him?

     

     

    fevereddreamsCSC

     

     

    H.H.

  8. Jobo is the business.

     

    And for any of you who only ‘know him’ on here, my wish for you is that actually meet him.

     

     

    Jobo is why I’m a Tim.

     

     

    HH jg

  9. great celtic night, in the greenock celtic tonight.

     

     

    Tommy Burns Supper,

     

     

    attended by his kids, tosh and murdo, a poet and a singer.

     

     

    quite special all in. really really pulled on the heart strings.

     

     

    great company of Celtic Roller Coaster, The Token Tim, Lennybhoy, tommytwists tommyburns.

     

     

    that bhoy greenlion, to be a president is something, to be a president who delivers memorable celtic nights,

     

    somethign else again.

     

     

    live long in the memory this one,

     

     

    keep it lit

  10. Keep on going Celtic – No matter the utter hostility in the Scottish Media that then spreads to other media outlets. In this day and age it says so much.

     

     

    In Neil Francis Lennon we could not possibly have a better Leader as we go on to keep achieving things, Genuinely.

     

     

    Our Fitba is simply a joy to watch at times, despite our players getting ZERO protection from those that are mean’t to protect the players first and foremost.

     

     

    Neil did say there was so much more to come from THIS team.

     

     

    I’m likely one of the only ones that want Sevco to go through against Braga as I reckon Celtic are going to do very well in Europe this year. The fixture congestion is gonnae be mental. It already is!!!!!

  11. Unfortunately there isnae as many Davie Hay Youtube clips as us youngsters would have absolutely LOVED. ;))

     

     

    Celtic Legend, in so very many ways. Take it Easy David and get back to fullest fitness ASAP.

  12. I don’t think celtic will get a better chance to bring to the fore who is behind the celtic bashing in the media and tv . Name and shame then sue the arse of whoever he or they are . It will maybe put some of them in there place .to go easy with this is only inviting them to get stuck into us even more . Flush them out celtic .

  13. Jamesgang…u are a Tim because of who u are…u don’t need to qualify yerself

     

     

    H.H.

  14. I hope the Celtic game goes ahead on Sunday.

     

     

    Celtic have a real chance this year to do something in Europe, a rescheduling wouldnae be good.

     

     

    The Bhoy Soro looks to be just what the Dr ordered, a long youtube clip means nothing, Howevaaaah, it did look very Good.

     

     

    The game is gonnae be played amidst a storm, the beautiful game will be oot the windae,

     

     

    If Celtic lose their Crazy and Incredible unbeaten run to Clyde so be it. They are Genuine unlike others.

     

     

    What I’m saying is I’d back Lenny to make wholesale changes, factoring in the weather also.

     

     

    We cannae keep winning Every domestic Trophy. :))

     

     

    HR

  15. TheLurkinTim on 8th February 2020 3:44 am

     

     

    Jamesgang…u are a Tim because of who u are…u don’t need to qualify yerself

     

     

    H.H.

     

     

    ……………………………………….

     

     

    No Need No Need,

     

     

    WOW a cracking personality, an absolute privilege to have met the CELT. Think he had a Norway hat on at the Time. I’m not getting any younger and accelerating things.

     

     

    The Guy couldnae be mair Sound.

     

     

    A Real Deal Celtic Dude.

  16. JIMTIM on 8TH FEBRUARY 2020 3:23 AM

     

     

    I don’t think celtic will get a better chance to bring to the fore who is behind the celtic bashing in the media and tv . Name and shame then sue the arse of whoever he or they are . It will maybe put some of them in there place .to go easy with this is only inviting them to get stuck into us even more . Flush them out celtic .

     

     

    You having a wee bash there wi your spelling Jim? 😊 Celtic.lol.

     

     

     

    We know the source Jim.its Jum.

     

    It’s institutional.the racism.towards irish catholicism and Celtic is evident but the narrative has no integrity as Ofcom will find.

     

     

    Sue them? Lol they believed in floating pitches ffs lol,and we are going to sue the people who fed them a bilion air stories,and continue to do so,they don’t do insight lol,.

     

    Hope your good.excuse ma haver,

     

    HH

  17. JIMTIM on 8TH FEBRUARY 2020 3:23 AM

     

     

    I don’t think celtic will get a better chance to bring to the fore who is behind the celtic bashing in the media and tv . Name and shame then sue the arse of whoever he or they are . It will maybe put some of them in there place .to go easy with this is only inviting them to get stuck into us even more . Flush them out celtic .

     

     

    You having a wee bash there wi your spelling Jim? 😊 Celtic.lol.

     

     

     

    We know the source Jim.its Jum.

     

    It’s institutional.the racism.towards irish catholicism and Celtic is evident but the narrative has no integrity as Ofcom will find.

     

     

    Sue them? Lol they believed in floating pitches ffs lol,and we are going to sue the people who fed them a bilion air stories,and continue to do so,they don’t do insight lol,

     

    Hope your good.excuse ma haver,

     

    HH

  18. Good morning friends from a dry, partially cloud covered, getting breezy East Kilbride. Back to the ole ParkRun this morning then a weekend of painting lies ahead, with a wee interval tomorrow afternoon (weather permitting). Life’s Good!

  19. There is still NO “Uproar” or mention of the “CLEAR and DELIBERATE STAMP” on Scott Brown by Motherwell player Long on Wednesday night, in the media .

     

     

     

    This is despite the “UPROAR” and all the so called expert pundits who called for Leigh Griffiths to be “Cited” in recent match v Hamilton…..Funny that ?

     

    Considering what Morelos gets away within almost every game, its a feckin joke !

     

     

    I hope that someone at Celtic has the video of that Clear and deliberate Stamp on Broony, and is prepared to use it if/when The Griff is “Cited” ?

     

    Petition for Mr Stewart has been signed.

     

     

    HH

  20. IF the Celtic game is called Off Tomorrow due to high winds etc, I can only imagine it may be a Late Decision as everyone is forced to wait and see just how strong the winds actually get ?

     

    At the risk of stating the bleeding obvious, its not ideal if it is a late decision etc ?

     

    If it goes ahead and there are strong winds, I sincerely hope that every Hun so called expert pundit is in the TV Gantry and gets blown aff tae feck !

     

    HH

  21. Good morning CQN from a cold, wet and windy Garngad

     

     

    Jobo if you are painting lies 😂 this weekend you could get a job with Jabba.

     

     

    Hope our game is on mañana as we want to keep momentum and not get a fixture back log.

     

     

    HH

     

     

    D. :)

  22. CONEYBHOY on 7TH FEBRUARY 2020 10:25 PM

     

    Philboy

     

     

    What is your personal experience with fat Salmond?

     

     

    I met him at a political debate in 87 and found him to be arrogant and a liar . Creepy round the women too

     

     

    I didn’t vote in the Indy Ref but was quite glad he resigned

     

    ……………………………………………………………

     

     

    We both lived in Linlithgow although his constituency was up north.

     

    He was a bit of a local celebrity and frequented the local bookie when he was home.

     

     

    Just never liked him..

  23. macjay1 for Neil Lennon on

    Scott Sinclair.

     

     

    You can understand his disappointment.

     

    Latterly , he just seemed to have lost the confidence required to take his man on.

     

    His drop in form seems to have coincided with the departure of badge kissing Brendan .

     

     

    Having said that , his contribution will not be forgotten.

  24. MACJAY

     

     

    Agree about Sincy!

     

     

    Disappointed with his treatment by the club at the end.

     

     

    Not a good example for other players.

     

     

    Taxi duty calls!

  25. GuyFawkesaforeverhero on

    I like Lenny’s style pushing Oddsonne forward for the French Euro 2020 squad. Hope above expectation I’m sure, albeit a June/July tournament suits our schedule.

     

     

    Eddy’s already indicated his target is the Tokyo Olympic squad and running July/Aug, that one removes his availability from whichever qualifiers we play then.

     

     

    However it all pans out, it’s great to imagine him still a Celt through the entire summer.

  26. theBHOYfromU.N.C.L.E on

    I wonder if his ‘pal Steven Thompson has signed the petition………..Faddy,for sure.

  27. weebobbycollins on

    Jim Spence tells the truth…OUT!

     

    Michael Stewart tells the truth…OUT!

     

    Aye, sometimes the truth really hurts…