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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TTT\Summa,
cheers lhads, heading out to locate the Ritz
TTT,
stick hotmail.com or yahoo.com on the end of canamalar and thats me.
Sevco have announced a new lucrative shirt deal with Chinese sports brand Meng Pian ! Charles green confirmed that this move will seal a bright future for his club guaranteeing another 499 999 999 fans who will add to the thousands of millions worldwide ! President of Meng Pian sports Hong King has described it as a marriage made in heaven . Sevco refuse to disclose the figures but it is it has been quoted as a multi billion pound deal ! Incidentally Meng Pian is Chinese for CHEATERS !!!!!
Florida Ghirl
Don’t worry things will work out fine
keep the faith in more ways than one
CP will be rocking tomorrow night
Neg Anon
Best read them first then.
Did the OG stuff come out yet ?
HH
It’s amazing how quickly the hundits turn round any points on Sevco’s latest performance on the pitch,to the “amazing” attendances at Poundland.They are terrified to criticize Sally.BFDJ just broke Dalziel’s record of 1.7 seconds…..
HH
WE could have a second collection tomorrow night.
Pass the champions league Bunnet around the archdiocese of Paradise .
That ll take care of that pesky wee debt..
We ARE Celtic supporters faithful thru and thru…
JCGE..
LEFTCLICKTIC.thanks for the good wishes.
Florida Ghirl
Efe is out celebrating along with Nigeria
After winning the African Nations Cup
a 19 year wait for said Country so this
is understandable I would expect to
see tall Efe back for the home match
against Dundee on the 24/2/2013
Nigerian Party’s tend to last about
ten days after a 19 year wait for said
trophy so it’s party mode in full swing
in Nigeria @ present
BFDJ souding suitably depresssed on SSB
A whole evening yapping about the Celts great financial results and last 16 tie must be like going to work on Saturday night shift for him
floridaghirl-HH
the other SPL clubs must also be loving what cash the Celtic in Europe generate for them.
will be easy to analyse and compare soon anyway, surely that new company are due to post interim accounts ?
whats that you say Mel ?
not just now, maybe next year
AKBW1888
18:10 on
11 February, 2013
Florida Ghirl
Don’t worry things will work out fine
keep the faith in more ways than one
CP will be rocking tomorrow night
I know it will be – unfortunately I don’t have a ticket. On the bright side I will be warm in a pub with a beer in hand…
Buffon ” as far as I am aware no fan has every scored a goal”
Gigi – have you never heard of The Great Tommy Burns ?
Seville67
NegAnon2
By far the majority of what Celtic earn ends up in player’s pockets.
Some are worth their weekly wage, some are not but there is no “try before you buy”, although to be fair Celtic have gone that way where possible.
Your beef with Celtic seems to be what those running the club earn as opposed to what the major consumers of income take away.
Given that players wages are the major drain, why not focus on those or should those running the club give up some of their pay to keep players?
Big Rab Dougles gives a very good interview on RC.
He attended the Barca and Benfica games with his daughter.
As good as it gets.
FF is superb
Samaras is great.
Hooper is magic.
that summed it up.
NL says Efe will arrive in Scotland tomorrow morning and he will be assessed then. If he is fit he will be in the squad.
ESPN Classic at 8.00 tonight Celtic v Inter 67.
Bhoys
Awe_Naw_No_Annoni_Oan_Anaw_Noo
Tomorrow or Wednesday apparently.
I’ll try again. Anybody know how ‘wonkyradar’s doin?
googybhoy ♥ celtic
Ta, didn’t know what I was going to watch, now I do.
can somebody tell me if the game is on the telly
With Corporation Tax rates from 21% – 28% its hardly any surprise that our club has amazingly managed to avoid making a profit this year…boardroom bonus bonanza anyone? Bueller? Anyone?
STV/ITV
floridaghirl
18:24 on
11 February, 2013
AKBW1888
18:10 on
11 February, 2013
Florida Ghirl
Don’t worry things will work out fine
keep the faith in more ways than one
CP will be rocking tomorrow night
I know it will be – unfortunately I don’t have a ticket. On the bright side I will be warm in a pub with a beer in hand…
Well I hope you have a very pleasant Evening in more ways than one
I’m one of the fortunate ones who will be @ CP tomorrow night
It will be cold but hopefully the result will warm my bones up
Come-On-You-Bhoys-In-Green
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
thankyou !!Bada Bing””-on itv i take it-ya dancer
verdantvic
18:32 on
11 February, 2013
can somebody tell me if the game is on the telly
Yes Verdantvic
It’s on ITV One tomorrow night
Akbw
You expect I’m to miss three games ..
No reason why he can’t play tomorrow night ..as long as he doesn’t get steaming tonight :-))
neganon2
18:09 on
11 February, 2013
Yeh, yeh, yeh ……..same old, same old
thankyou AKBW1888-i dont go to pubs n i dont have a tv-but at least i can watch it with ma mates-dreaming of wembley and new history-HH
Afternoon all,
Great financial interim results for Celtic FC.
I would imagine operating costs have increased in part by the extra CL games we have had.
Opening up the stadium midweek, the extra policing costs etc would have an effect. The club would also have more expenses for the away legs in the CL.
Just a thought, though as my bank manager would confirm, I know damn all about finances.
Hail Hail
…and another thing…
Isn’t it financially prudent to have some debt? This helps with the clubs credit rating thus making it easier and cheaper to borrow when and if it is needed.
Hail Hail
Wife just told me she has washed and ironed scarf for tomorrow night and “got that mark out!” That mark was Scott Brown’s signature! Was thinking of suitable retribution but know that if I did it would come back to bite me. Responded through gritted teeth “You meant well”. Wimp!
1967 Lisbon final on ESPN Classic at 8pm!
NegAnon2
I reckon Celtic will have regular access to an additional £15 to £20M for the next four years at least.
I do not want that making rich young men even richer. I would prefer the existing policy of recruiting and developing young talent continues and the wage bill stays around its present lebel (with a wage celing in England helping us compete better in wages terms with EPL clubs).
If some of that excess goes on ticket reduction fine but it might also go into other investments that improve the supporter experience whether they are matchgoers or TV watchers.
It is going to be an entirely new business experience not having to watch every penny but deciding how to spend them wisely.
Juve best wishes fae the Thai Tims
http://www.youtube.com/watch?v=bcV78vrnHuA
Oh fur feck sake……nae fighting oon here till
10 o’clock the morrow nite……….et this time we
should all be happyclappers