Champions League football this season has enabled Celtic to achieve a remarkable set of interim financial results for the period 1 June 2012 to 31 December 2012. Turnover was up 71%, a stunning-ageddon figure.
Ticket sales and other stadium revenue was up marginally, to £18.598m (2011: £16.446m), as was merchandising, to £9.847m (2001: £7.821m), both reflecting the ancillary value of Champions League participation, but the big increase was in TV and media income, £21.613m, up from a paltry £5.004m in the same period of 2011.
The only amber flag on the results was the increase in operating costs, from £28.388m to £36.961m, a 30% increase, which will reflect higher bonus payments for Champions League participation, higher wage costs and a more general increase in running costs.
Pre-tax profit came in at £14.944m, leaving net bank debt at £130k.
These are fantastic results from a well-run club which will enable ever-more solid foundations to be laid. We are also one of the few clubs to qualify for the latter stages of the Champions League AND to do so profitably. Congratulations to all.
I’m participating on an online STV preview at 18:30 tonight, looking forward to the small challenge ahead. Hope you can join us.
The event is part of our 125 4 125 campaign – central to reinvigorating the charitable spirit which is part of the club we love. It will be a family occasions, tickets are available at £10 for adults and £5 for children. The night has been organised by several fans working in conjunction with the people at Celtic Charity, so please do your best to support this great occasion. Individual tickets or tables are available, details here.
I’ll see you there.
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Shoots!
Surely not
Hello. Where did everybody go.?
Scores!
Final 8 will do for me
Hail Hail
from last thread-TBB-As one who is always positively trying to promote the Celtic cause,and look to new revenue streams,do you think the increase in profits might be used to reduce Season Ticket prices to make it easier for folks? It might seem a radical suggestion but it might bear fruit in coming years.
Well done Celtic. Success off the field as well as on it.
Now a sneaky wee 2 – 0 tomorrow night please.
SLAP.shoots scores buys a round?????????
Just saw the interim report. Wow.
Armageddon rearing it’s head. Oh my god how we need Sevco.
Ahem…….not!
Stunning financials.
With the great interim results at paradise, no wonder the zombies are desperate to get back in to the SPL
If only I could organise my personal finances so well. We are in profit and we urnae died. ARMAGEDDON!!!
Paul67
Do you think Chuck or Ally will be on the phone to Peter Lawwell congratulating him on another great set of results?
Just what is it that you want to do?
We wanna be free
We wanna be free to do what we wanna do
And we wanna get loaded
And we wanna have a good time
That’s what we’re gonna do
No way baby let’s go
We’re gonna have a good time
We’re gonna have a party
Just seen the financial report, not read through it yet.
Have we made all this money and still to receive the CL money ???
Or have we had some of it ???
I’m on holiday on Wednesday.
Hope I’ve got a stonker of a hangover!
What are you rebelling against?
What have you got??
Well played the Celtic money men..
Paul67 – that is all well and good but where the hell is the Seville money?
SOAL
Peter Fonda CSC :-)
mickbhoy1888
Makes more sense now but I think of retired as not working and self-employed as working.
For instance, I felt I had come out of retirement today because I Hoovered the carpets 0:-)
JJ
PS I Hoovered to take my mind off tomorrow! I`m going up the Gym later to, hopefully, tire myself enough to be able to sleep tonight. Is everyone else paricularly excited about this one? I think the Barca game has energised us as a support even more than normally for these games.
PPS Ps is longer than post! Sooooo excited!
Paul67
Do these figures include any of the Champion League revenue.
Philbhoy, they should be!
RogueLeader, ha!
fanadpatriot, these figures take Champions League revenue into account.
FTLT,
Canamalar,
get my email addy off BT.
EN gave me some contact details for you to get in touch if you want.
HAIL! HAIL!
Token
TBB: “Most likely thing this summer is to sign a couple of good players in June/July, and sell when the qualifiers are concluded. If we qualify we can strengthen again before the window closes. If we don’t, we have covered the cash.”
—
Yes, that would be one way of attempting to speculate to accumulate. And as Paul says above, you build a solid platform and look to keep making progress on it. That’s clearly the way.
The rewards are staggering. No wonder a dead club put up all the Masonic bat-signals of the day to secure CL cash when it was in the throes.
£130,000 debt? Can we pay in instalments?
Wheres Neg Anon these days?
Too many good news stories?
The project is working well, stick at it Peter.
See what happens when you are honest and pay your bills :}
.
Canamalar..
Doha CSC
Bhoys – A wee reminder from FB manager at Ritz for tomorrow night…. HH
There will not be any entrance charges on the door, but please make sure to bring every ones ID or passport with them. Every one must be above 21 years of age. We will be happy to organize little bit of snack by 10:30pm. Drink prices will remain same as normal regular prices for drinks as there will be no happy hour by this time.
Shhhh…Don’t tell Charles
http://www.dailyrecord.co.uk/sport/football/rangers-richer-than-celtic-in-a-year-says-1190504
Also Canamalar,
Doha CSC showing game in Admirals, The Ritz. KO 22.45hrs.
HAIL !HAIL!
Token
Great interim figures – but expect the msm to put a negative spin on it.
They always find a way.
HH!!
FAVOURITE UNCLE
Congratulations to you & your mrs today
Bada Bing
There’s certainly room to create some new concession prices – the big one for me is the kids who reach 18 and are suddenly paying full prices, despite being in training/ student/ low paid jobs/ no job. We lose the majority of the value of having the kids’ discount if we exclude them this way when they turn 18.
As for reducing the typical adult price, I see little to convince that such a move would do very much except reduce revenue. Supporting Celtic is not a price based decision for most, with the exception of those who travel considerable distances where the travel is by far the greater cost.
Finding a way to make travelling to Celtic Park significantly cheaper for those who live in Ireland for example would be one way to go. When it costs £150 to get across for a single match, it doesn’t matter whether a ticket is £28 or £14.
My understanding is that a substantial proportion of the reduction in season book sales is attributable to the Ireland based support. Doing something meaningful on that count is worthy and doable.
My view is that we need to better engage with the supporter base generally, get those who have drifted away to come back into the party. It’s quite a party too!
Juve are run at an enormous loss . They are an expensive hobby for the immensely wealthy Agnelli family.
Their goalkeeper cost 55 million euros .
If Vucinic and Matri play tomorrow night — then their front 2 cost the best part of 30 million euros .
Tallybhoy
My thoughts exactly.
They would make bad news out of a lottery win for a Celt.
All the funds earned fromChampions League, prior to the end of December will have been deemed as paid, even if they have not been officially handed over. Earnings from the Juve, game will come under the final six months
Agree there won’t be a pot of gold for Lenny in the summer but I’m sure the board will be more flexible, shall we say, especially if we put forward a strong case for a particular player under 25 years old.
Also, if there are any big name departures in the summer I’d expect Lenny to be given a slightly larger than usual % of the income ie. so basically what Rogue Leader(I think) said on last thread – we may do some shopping on list B instead of list C – if we can convince the board there will be a big resell potential.
HH