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. See they are going to build a bridge from Partick to Govan…10million cost…to take the place of the Given ferry.

     

     

    It’s a bike and pedestrian bridge so another walking route for the hordes…😜😜

     

     

     

    Bridge building is good …..😋😜

  2. I can see why Hagi is gonna be worth 100 million.Even a big standard one,two is classed as sublime.Its the hope and dreams that kill them.The difference in Hamilton since the big man came on.

  3. Hun TV presenters like EBT Rae will big up all Hun players

     

     

    If we were allowed to have ex Celtic players like Tom Boyd then it would be a balance, but that does not suit the agenda. We have 1 and only 1 in big Sutty.

     

     

    D. :)

  4. macjay1 for Neil Lennon on

    First half finishes on 50 mins to allow hun corner.

     

    Ball cleared. Chance gone.

     

    HT.

  5. WESTCRAIGS on 8TH FEBRUARY 2020 12:47 PM

     

     

    All avenues should be explored but like I said the authorities are bad at planning, kinda like telling us all to go electric but don’t actually put in enough electric points to make it happen.

     

     

    How hard would it be to tell spt to put on double/ triple services, increase train carriages 2 hours before and 1 hour after game time? It’s no that difficult. God knows they get enough public money to keep their profits up.

     

     

    Also think it’s a bit rich comparing a football game at celtic park with 60,000 every second week (30 plus games a season) to a game of rugby where 8,000 people attend or hampden where there are max 10 games a season. It’s not great for sevco either but at least ibrox is served by a tube station right on its doorstep.

     

     

    HH

  6. Apart from a Hamilton win,a draw would be a great result for us,if we could get our game on tomorrow.Huns would replay on Wednesday,giving us the chance to go 10 points clear.Fixture headache also for them.

  7. I’m still Bhoycottin’ Shortie so reliant on the various correspondents from

     

    This Dear Green Place.

     

     

    HH

  8. Back to Basics - Glass Half Full on

    No football today so quiet day at home watching the rugby.

     

     

    As always turned on the subtitles just before the Welsh national anthem.

     

     

    Childish I know but cracks me up every time.

  9. Moreloss gets talked to by referees about 3 times in a game. Refereed differently they say too feckin right

     

     

    Hunbelievable

     

     

    D. :)

  10. macjay1 for Neil Lennon on

    TURKEYBHOY on 8TH FEBRUARY 2020 2:13 PM

     

     

    My lad found Vegas interesting too.

     

     

    Viva the steamie.

  11. macjay1 for Neil Lennon on

    `Fredo does the ball up the shirt ” embarassada ” gesture.

     

     

    Interesting , in view of recent publicity .