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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. !!BADA BING!! on 8TH FEBRUARY 2020 4:58 PM

     

    Aberdeen 0 Killie 0 I think replay Wednesday, which means Killie v Huns postponed

     

    Killie v Dons replay is on 19th Feb not 12th.

     

    Hope Dons win so all 3 rotten plastic pitches will be out after Livi and Accies ko’d today

  2. Back to Basics - Glass Half Full on

    Scotland lose to Ireland last week.

     

     

    Key moment – Stuart Hogg mistake.

     

     

    Scotland lose to England this week.

     

     

    Key moment – Stuart Hogg mistake.

     

     

    So called superstar.

     

     

    If his talent matched his ego he’d be a better footballer than Messi.

  3. oh well nothing changes with them’s ref today , always sees what he wants to see and being lined up for this year’s Scottish cup final.

  4. Is the Huns game against Kilmasonic on Wednesday off due to Kilmasonic v Sheep replay??

     

     

    D. :)

  5. Celtic910.

     

     

    Hopefully.

     

     

    Lenny make it Happen whilst doing Great stuff in Europe.

     

     

    Noone knows OE state of mind.

     

     

    Everyone knows Callums.

     

     

    History B E C K O N S…

     

     

    Sutty was Clever with his Rudi Vata.

  6. ffs I have had 1 can to many.

     

     

    I’m thinking it’s the Huns that are playing on the 19th

     

     

    😂😂😂

     

     

    D. :)

  7. Has the cameraman at the Falkirk game not got a cloth.

     

     

    Ffs embarrassing or what

     

     

    D. :)

  8. Bada

     

     

    Agree

     

     

    I think based on retro videos that penalise players for fouls …whatever…I think it only correct that refs are shown up for same.

     

     

    Anyway….holdin my breath & suffocatin.

     

     

    HH

  9. Dallas Dallas where the heck is Dallas on

    Brian Rice is not a hun as suggested earlier.

     

     

    A former pupil of St Kentigern”s secondary school outside Whitburn. He used to go to our games on the Bathgate CSC bus when he was younger.

     

     

    This Falkirk Hearts game is torture even taking into account the weather. The coverage includes contributions from EBT recipients , Dodds and McCann. Oh dear .

  10. Rice knew Hamilton had no chance of winning the Scottish cup, staying in the SPFL is far more lucrative to his club than a cup run. His team selection was based on trying to avoid injuries to key players. Unfortunately for him this did not work losing 3 players to injury during the game. In his defence his team selection did make the huns look pretty mediocre. MIB skullduggery ensured that Hamilton did not go in at halftime 2-1 up and 4-1 flattered sevco.

     

     

    If Hagi is indeed worth 100 million Lei/Euros/Pounds/Monopoly dosh then I’m sure Genk will be rubbing their hands.

     

    https://www.transfermarkt.co.uk/ianis-hagi/profil/spieler/282076 😉

     

     

    Jambo’s riding their luck big time.

  11. Waiting for election exit poll, due at 10pm. Hopefully Shinners stay in excess of 20%. Last few days there was a concerted effort led by The Independent to demonize the party, probably will have some effect but hopefully won’t be a game changer.