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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. …….so Accies denied penalty?

     

     

    Huns git penalty??????

     

     

    Is there a patern developin’?

     

     

     

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

  2. Alan Muir couldn’t see a blatant penalty today for Hamilton, but gave Sevco a soft one.

     

     

    Same Alan Muir who failed to award Frimpong a stonewall penalty against Thistle in the cup and awarded a soft penalty against Frimpong in the last minute from 40 yards away.

     

     

    Same Muir denied Killie a stonewaller in the Scottish cup last season after 2 minutes then 2 minutes later sent the Killie keeper off effectively ending Kilmarnock’s chances.

     

     

    Need i mention Inverness 2015 SC semi final.

     

     

    Do the maths.

  3. …I’d bet there’s nae furore o’er the Accies penalty denied and the significance of a penalty award airbrushed oooooot the final pikture o’ the game!

  4. CaddingtonCommon on

    Just as well it didn’t go to a replay. Most of the Hamilton team have a school week ahead of them!

  5. Robbery changes games.Stonewall penalty for Accies ,who knows.Does not take away the fact,Huns are struggling.Big Hope’s for a favorable result on Wednesday.

  6. David 17

     

     

    Oh was that the same Muir.Been getting robbed by bastards of that ilk,for so long I thought it was his son.LOL.

  7. Morelos with ball up the Jersey,translated from Columbian,”My wife is up the duff,but I still like,Glasgow slappers”.

     

    Statement from Huns to follow.

  8. Painting finished (celiling). Walls are scheduled for the 9th and 10th of February but no live coverage.

  9. From the horse’s gub.

     

     

    Loads of phone calls to Sky about translationgate.

     

    Celtic supporters answering their calls trying to talk them out of cancelling.

     

     

    Gary Jewell , mad world indeed.

  10. I know it’s wrong, but I want the SFA Scotland team to get pumped, but like to see the Scotland Rugby team win.. Why

     

     

    D. ???

  11. Aberdeen 0

     

    Killie 0

     

     

    I think replay Wednesday, which means Killie v Huns postponed

  12. If our games cancelled tomorrow the rescheduled date has been confirmed.

     

    Wednesday 12th Feb. Hearts game bumped.

     

     

    Anyway cumon the Alba eggchacers.

  13. macjay1 for Neil Lennon on

    DAVID66 on 8TH FEBRUARY 2020 5:02 PM

     

    Macjay – 😂

     

     

     

     

     

     

    D. :)

     

     

    ==============================================

     

     

    I can identify .

  14. theBHOYfromU.N.C.L.E on

    Killie replay for the 19th………..in a bit of form to face the huns this Wednesday.