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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Pen liverpool….
67heaven
Hey bhoy, how are you? Looking forward to the game! Canny wait!
Missed
Suarez eventually gets a penalty but what a save from Foster-justice
Paranoia levels will be at “Off the radar levels on FF” with the news that Alex Thomson has flew to Rome
Re the titles and 2003 in particular
That one really didn’t hurt me. Of course it happened in the worst possible way but would I swop the run to Seville for that league title? No way would I! I loved that season and I know our players deserved to have more to show for it at the end but I bet some of them would tell you the same, that a European final that year was better than a league medal.
On a plane obviously ;)
Wunna dem daze in fitba’……..Liverpool just cannae get the ball in the net. I’ve lost count of how many shots they’ve had on goal. The laws of physics are with The Baggies.
Penalty for The ‘Pool!
Gerrard kick saved by Foster.
It’s all the kinda thing that makes fitba’ so fascinatin’.
Likek how we’re gonnae moolah the gelled pompadours of Italia ra morra.
Gelato at the ready!
HH!
Celtic40Me posted:
AKBW1888
the accounts are audited, the board can’t just pluck numbers out of thin air and then publish them
Have you seen the Audited books which are dispatched out to the share holders?
—————————————————————————————————————–
ABSOLUTELY
There are Accounting Conventions in place that are agreed upon and accepted by HMRC and under which the club auditors must report its annual financial performance using the agreed format.
The club auditors do not “just make up any old numbers” for submission…………that ultimately leads to gaps in stadium roofs, peeling paint, sun bleached seats and ultimately bankruptcy………..and none of us want that
Great credit must be given to NFL and his coaches for understanding the type of players we need to acquire to be where we are today, to JP for correctly identifying and scouting the players and PL with the board for making it all happen financially while operating within the model.
Personally I was never the greatest fan of PL but in a results driven business….money talks and BS walks. We are winning the war at a canter.
Accounts are merely a snapshot of the financial health of a company at a given period and at this time period we are in debt for 130K……..I think most of us will accept this.
The great Ajax team of the early 70’s were all home grown kids (literally) in combination with a couple of older wiser heads and they won the CL three years on the bounce….its the way forward.
May all our Gods go with us tomorrow evening………..its all about the synergy.
http://www.youtube.com/watch?v=XM_Hlx_yZRE
Holy cow, west brom take the lead!
WBA score yippee
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
21:32 on
11 February, 2013
Watching this Lierpoolngame…..would be very frustrated if I were a Liverpool fan…
Watched 10 mins of it, made Hibs game look good although gave up on that one at HT and moved to CQN!!!!
West Brom 1 up
To the CQN’RS who We’re trying to locate a Malaga bar which was showing the game tomorrow..thanks.
Seems my boy has found one so all is good.
TET
Thanks for the prescription. I will follow it to the letter and drown my guilt.
We’re = were.
R R
Yipee???
sftb,
couple of things
juve lost titles as a consequence of cheating, not punishment.
being demoted was their punishment
juve were not in financial trouble
the hun were liquidated as a result of their financial mess and any cheating should result in the same consequences of stripped titles and trophies.
Now this is the tricky bit, they are dead :o)
Tinkerbell FC are not Rangers FC regardless of the meeja and SFA claims.
rest easy buddy, there is very little similarity :o)
juve are still juve :o)
Got funds in their building society
Angelgabriel – again I have never called for us to break wage structures etc etc – that is an assumption you have made.
Also players wont come to the SPL – jeezoh – isnt that what the huns used to say when they were in their pomp?
Tommybhoy1967 – a new league and big increase in season tickets – FACT. God no not FACTS – again whenever I debate with Huns they quote spurious and misleading FACTS! Stoppit!
67Heaven – now I am a zombie alien – will need to add that to the collection – fab!
Hail Hail all, scrolling back I’m amazed that some posters are almost suggesting that the Auditors are cooking the Books to hide profits. We are a Public Limited Company, analysts from all Financial Houses can and will analyse our accounts. Guys from the other side, the MSM would just love to stick one on us. The Accounts are accurate & honest and reflect the true position of the Club, end of story.
I have done my checklist, my wee bag is packed, scarf, cap, passport,boarding passes,sterling etc. Alarm set for 5am, then corkcelt is on his way to Glasgow, can’t wait.
Plus never liked Liverpool after they took my boyhood hero Kenny away plus seen them play a friendly against St Mirren when Kenny played -Huns filled Love St that night unfortunately
Last 16 of the CL and a decent chance of last 8 for the first time ever.
Romping the SPL
Healthy , to say the least, profit in what is , in all likelihood, the worst financial crisis this country has seen (other than the two world wars ) since the club was formed
As good as squad of young players as I can remember with hugely profitable resale values IF we have to sell them.
A charismatic and brave young manager whose love for our club is worn on his sleeve in the face of scandalous and criminal intimidation
Our rivals in utter disarray and humiliation.
Call me a happy clapper all you like but I’ll take that every day of the week and twice on a Sunday…
zimmerman I apologise, I had promised to go looking and it completely slipped my mind. Glad you’ve found one.
I haven’t decided yet whether to look for a stream or to hide under the covers until it’s over…
Canamalar
Cheers for that. Every little bit of distinction between the scenarios is a help.
Shift change…………
NegAnon2
18:35 on 11 February, 2013
Battered Bunnet – of course I will – however its the same old same old so I doubt I will be surprised.
Auldheid – my beef is with Celtic pulling the wool over supporters eyes by somehow, against all the odds, having a small net bank debt. This is then used to ensure that Celtic continue to charge very high season ticket rates while actually investing very little in the playing squad.
I wonder how we will have a net bank debt when we sell hooper and wanyama in the summer.
Intrigued CSC
==============================================
Congratulations.
The utterest pish of utter pish; not easy to reavch that level of ill-informed inane comment.
I’m impressed…
SFTB
Surely the focus should be on the team that has not been punished and the association that is reticent to do so ? And one that our C.E wants to take the heat off ???
Mmmmhhhhhh ….. ;-)
HH
2-0 WBA, smash and grab complete
Sparkleghirl,
Not a problem..he seems to have it all sorted..a bar in the town centre so all is good.
Boing… Boing…. 2-0 to the Baggies
Brendan Rogers’ jacket moves one peg closer to the door…
Plus seen Liverpool take six of us at anfield in a testimonial -only time I’ve seen us lose 6
Awe Naw
My mitigation for focus was that we are due to play them in 22 hours time and we do not have to face Sevco anytime soon.
After tomorrow the focus can and will return to where it should be.
sparkleghirl
It’s on free tele, stv, assuming you have a sky box.
zimmerman
As a matter of interest, which bar has got the game on?
Last time I was there it was murder getting fixed up, would like to know for next time.
Hail Hail.
TET – thanks but no, just spanish tdt. Will check anyway
C’mon all younrhebels, and lst while I sing
For the love of the Celtic is a beautiful thing
It takes us to highs, and it takes us to dreams
Not shared by fans of other teams
My name is Neil Lennon, I manage the bhoys
The Glasgow Celtic, the timaloys
We’ve met every challenge, on and off the park
And sent the zombies to the deep and the dark
Remember the past, bhoys, remember it well
And plan for the future, now that they’re in hell
They aint coming back bhoys, of that I am sure
For how do you retrieve a bag of manure
I’ll see you tomorrow, on the slopes of our park
In the knowledge that the zombies will never be back
They cheated the sport lads, and paid the price
For behaving like criminals, leaches and lice