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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AKBW1888
17:18 on
11 February, 2013
Favorite (Spelled The American Way) Uncle & MickyBhoy1888
The Briggs will soon be turning into one of those World Buffets
According to Friend of mine he reckons the one over in Pollock
is very good with good quality food available for £10 per head
eat as much as you want I’ll have to let Adam Richman of Man
v Food know about this one with the following food available
1) Indian 2) Chinese 3) Italian 4) Toby Cavery 5) A Doggy Bag
Yes Please
JJ
Working
Not even getting to the game ….
cowiebhoy
17:15 on
11 February, 2013
50 myself, celebrated it over in Dublin back in July, a great time with my mates.
August before i recovered :-{
Hail Hail.
Y’know whose posts I miss? ‘wonkyradar’s. I hope he’s doing alright.
Anyone know?
Ta.
.
AKBW1888
17:21 on
11 February, 2013
Florida Ghirl
Good to hear the King of King’s is over for the match
What did I say in an earlier post about the omens
looking good for the Hoops in 125 years cheers
everyone it’s party time mode
Asonofdan
Think you’re right
Is there not also a share of the merchandising due…
mickbhoy1888 spanish ref tomorrow, likes to show cards. money on a red card for wanyama. daily record front page tomorrow Celtic – RIP $130K in debt, back page anger fc are just wonderful.
130 k worth of zombie facepainting surely we can afford the interest on the payments ! Our little debt is a quarter of sevcos illegitimate debt which is going to Liquidize them again ! Anyway who is we play in 26 hrs time ????
PF
You don`t need me to tell you how much of a bummer that is!
Right. That`s it for me until I am actually in the Ground.
Cheerio all and may we have a great night tommorow win, lose or draw (but preferably not the middle one!).
JJ
Good evening Timland.
Don’t worry about the £130k debt…………I’ll get my hand’s
down the back of the sofa after my supper,
Hi everybody
Long time lurker.
I am looking for a ticket for Tuesday for a friend, I know demand is high and it is a long shot figured it was worth a try. My friend is happy to pay face value but said he would be willing to stretch to £60. If anybody was able to help it would be greatly appreciated. Obviously, one of us would be willing to travel to pick ticket up in Scotland.
Thanks in advance for any help
Statement from the Vatican:
“Now that Rangers are dead & Sevco are in the 3rd division my work is done.”
Pope Benny.
Hail Hail.
A bucket collection tomorrow night should get rid of the bank debt…read them and weep chuckles!
I expect Juventus to pull every dirty trick in the book to achieve the result they desperately desire.
I expect Celtic to play honourably, as always, and achieve the result they so richly deserve.
But I wouldnae mind if Big Vic and Broonie occasionally remind Pirlo he is no midfield maestro when closely monitored by the likes of them.
HH!
Oops! Tomorrow. Can`t have a spelling mistake in what was intended to be my last post until after the game. Might have brought bad luck. Everything will be fine now.
I’m sure Scotland’s intrepid band of lapdogs are already in Singapore,finding out the detail of the 400k bill………..
miki-I would man mark Pirlo.
Lovely Celtic Figures
FF must be in meltdown tonight
Fantastic
Another good report Paul67
We also have the Magners sponsorship deal
to add on this summer along with 2.5 Mil
SPL winnings Season 2012/2013 & The
rest of the CL money the Ki sale the new
tops sale and so on we are not in debt
financially we are now a sound Club in
more ways than one not like those shower
of numpties on the other side of the City
which I’ve heard just recently that @ least
another 10 Mil has got to be spent in rent a
dome I can see Mr Chuckles and Co will soon
be heading through the back exit door a bit like
Craig Whites disappearance over the horizon
in the foreseeable future
!!Bada Bing!!
17:45 on
11 February, 2013
Surely big Vic would do a better job, BB!!!
I would like express thanks to the following clubs.
Inverness CT
Motherwell
Hibernian
St Johnstone
Dundee Utd
Aberdeen
Kilmarnock
Ross County
Hearts
St Mirren
Dundee
for providing the opposition that gives Celtic a league to win, that allows us access to the sort of money, that provides us with the quality of player all of Scottish football likes to watch.
If my gratitude does not quite extend to sharing some of the wealth you have enabled Celtic to earn then blame UEFA not Celtic for enriching the rich and impoverishing the poor.Twas ever thus, but really not the Celtic ethos.
PFayr
My reading of the operating expenses are that they included three more games than the same period the comparable year before…would make some difference
HH
So why are went splashing the cash. ?
paulsatim-Alas,you may be correct..:{, I would play Broonie to mark him.HH
Paul67
These look good figures but the increase in operating costs (30%) is a huge hike. I appreciate bonus payments play a factor but the strategy had been to reduce the wage bill (rightly so!). How does this compare with our last Champions League participation?
So Celtic have less debt than a certain “debt free” club
Juventus training at Celtic Park – now
I’m sure i read somewhere, more than likely on cqn that for some reason it’s beneficial to be slightly in the red for tax or trading reasons.
I’m probably talking nonsense though.
I know AuldHeid
A.N.Other Club’s are no match for the magic
clean Green Lantern Machine
Lord willing, I’m not just looking forward to
this years European Adventures but also
future ones to follow as well come on the
Hoops there are prosperous and happy
times which lays ahead
I would definately man mark Pirlo,with Broonie being my choice,make the game 10 aside I would fancy our chances.
I’m John MacKay
I always wear a blue tie.
CowieBhoy, seen the pics;-)
I do have to question Lisa Hagues eyesight though, 35!
She’s just being nice to an old mhan.
If s.o.t. is still about on-site I’d be interested on his take on Pirlo’s type of involvement tomorrow.
I know he said earlier that Pirlo’s ageing and tiring, but if he’s fit enough he will play and I, as many, have seen how he can command and control a game.
I agree with what !!bada bing!! says, but that can be a two edged sword in that attention is distracted from play elsewhere.
Man, am I glad I’m not a footie mgr. It’s like a feckin’ chess game with a bunch of macchiavellians like Juventus.
from previous thread
!!Bada Bing!!
16:28 on
11 February, 2013
floridaghirl
16:23 on
11 February, 2013
Henrik just arrived in Glasgow. .
Did Murdo pick him up?
My spy didn’t follow him to his car…..I actually have her primed to report on any Efe sightings…..
AKBW1888
17:21 on
11 February, 2013
I hope so…
Still, what an exciting night is in prospect!
HH!
Born Soup Recipe
So what’s all this mince from HMG that
said Club would be training @ Mr 950 Mil Debt Park?
A load of cobblers as usual
mattgallscot
17:36 on
11 February, 2013
mickbhoy1888 spanish ref tomorrow, likes to show cards. money on a red card for wanyama. daily record front page tomorrow Celtic – RIP $130K in debt, back page anger fc are just wonderful.
Matthew-Gall-Scot
I’ll be having a word with said Spanish Ref in Spanish to clamp
down on Simulation/Diving/Cheating with straight Red Cards
No favourism is asked for or given just being truly fair is expected
Now – I will be the first to confess I havent read the results in any detail yet…..but…..
Isnt it a wee bit strange that we still have some “net bank debt”?
Now god forbid that I claim to be a seer of some sort – but I have predicted this for ages. Now again fair play to Celtic there are other reasons why you may want some “net bank debt” and for operating expenses to jump by a very considerable amount. And I havent checked yet to see if there are some “exceptional costs/expenses/write downs” etc (as there are most years.
The figures are, apart from the usual shenannigans, impressive and given our qualification should continue to be.
But please dont ask me to swallow all of them – message to celtic fans is – “a good year but dont dare ask us to spend any serious money or reduce ticket prices cos we are still in debt”
yeah right……