Celtic interim accounts for the 6 months to 31 December were released this afternoon. The standout figure is that, despite Champions League revenue being absent this year, football and stadium income was down from £16.8m to a similar £16.5m. This suggests other ticket sales increased.
The hit from the lack of Champions League came in the multimedia and commercial column, which was down from £19.5m to £7.9m, but the club still make an operating profit of £3.2m. So, we’ve a fairly solid club on our hands.
We invested £5.7m in players, while making a profit of £7.1m on disposals. With player trading, tax and interest all accounted for, we made a profit for the period of £6.601m. This Armageddon thing is working out quite well.