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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JINGLIE make that JUNGLIE/
neganon2
We never invest in the playing squad.
We are just really lucky all our top players play for free.
Night before a massive game, great financials and still my happy.
Cheer up man!!
Hail hail
I’ve only been on here a few month’s – love the fact that
even though some poster’s are not even in the same time zone
as CP – the club means more to them than it does to some of
us local’s. So, tomorrow when the team’s come out and the champion’s
league theme play’s – I will spare a thought of all those who would
love to be here.
dont think celtic need to splash out stupid cash to get good players in, they need to continue doing the homework, getting them in young and giving them opportunity to shine. once ready sell with another young player ready to take his place. why change what is for the most part a successful plan. when players are ready to make 50k a week they can find another club tat will pay them that.
the money earned from european football and sales should, in the main, be used to pay down debt and for capital investment in and around parkhead and lennoxtown. expand the business side of celtic to improve regular income (hotel, cafe, social clubs, museums, (office space to let), improvements within the stadium, potential for country hotel at training complex etc…
do all of that and celtic could potentially pull in over 80 million + per year, without c/l income, then its a case of being able to compete in europe, at the business end more regularly, hold onto quality players for a little longer, reduce pricing etc…
if in 5 year time little has been done in tems of capital investment i will be more than a little annoyed
for now i am oen minded
….PFayr
19:25 on
11 February, 2013
Akbw
20hr flight …be lucky if its 7
More than 7 hours
Bada Bing says 11 Hours direct from London
So it’s so many hours waiting on a Flight from Johannesburg
then 11 Hours direct to London that’s if the flight is on time
then there is more hours waiting around for a connecting
flight see how those hours add up then there is jet lag and
so on it does not make sense rushing someone back into
a key game who will be mentally exhausted is not worth
the risk
pigalle
19:26 on
11 February, 2013
AKBW1888
Am I right in believing you refer to CELTIC when you say “Accountants are on the serious fiddle” ?
If I’m correct then that’s some accusation, my good friend.
Hail hail.
Hail-Hail Pigale
All I want from the Board is more transparency honesty and
trust the Club’s so-called accountants can basically say oh
this amount for example say 75 Mil is the over all running
cost’s for said financial year in fact they can come up with
what ever figure they like and pops into their bank balance
but are they really being honest that is the question I along
with every other share holder would like to see where each
penny is going too who and where not posting out wee or
A4 Booklet’s saying basically oh the running cost for this
Season was ‘X’ amount without being more specific then
they will have more trust
akbw1888
19:14 on
11 February, 2013
Are you and neganon2 from the same ludge, or are you both just fudding around?
17 mins gone
Hibs 0 St Jounstone 0
h
Tbb.
Celtic’s losses over the past decade are so huge that it is quite likely that the company will never pay Corporation Tax again in our life times, unless of course there is major change in the European football scene.
>>>>>>>
Think it was one of your posts i read about the benefit of being in the red,
not in an oldco or newco way i add.
stephbhoy
19:45 on
11 February, 2013
dont think celtic need to splash out stupid cash to get good players in, they need to continue doing the homework, getting them in young and giving them opportunity to shine. once ready sell with another young player ready to take his place. why change what is for the most part a successful plan. when players are ready to make 50k a week they can find another club tat will pay them that.
the money earned from european football and sales should, in the main, be used to pay down debt and for capital investment in and around parkhead and lennoxtown. expand the business side of celtic to improve regular income (hotel, cafe, social clubs, museums, (office space to let), improvements within the stadium, potential for country hotel at training complex etc…
do all of that and celtic could potentially pull in over 80 million + per year, without CL income, then its a case of being able to compete in europe, at the business end more regularly, hold onto quality players for a little longer, reduce pricing etc…
if in 5 year time little has been done in terms of capital investment i will be more than a little annoyed
I agree young Man with what you are saying although honesty and trust is
also important as well as good and sensible business acumen
Stephbhoy
You are constant with your desire for the infrastructure around CP to be expanded and redeveloped
As I understand it your position is that this will boost revenue
Do you have any figures to substantiate this claim
IMO in the current financial climate it is difficult to get any reasonable return on capital investment
Just dropped in to ask…..
_________________________________________________
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
19:46 on 11 February, 2013
akbw1888
19:14 on
11 February, 2013
Are you and neganon2 from the same ludge, or are you both just fudding around?
_______________________________________________________________
How long will you give them before you cast them aside as – trolls ? :o)
Sack The Bored/Board !!!
Canny even be bothered waiting yer reply.
Happy-clapping is unhealthy – CSC
Off oot
St Johnstone 1 up
pintaguiness @ 19.07
Reminds me of a time when i sat down to watch bbc highlights of a Scotland game.
Avoided score all day/evening….told auld man i didn’t want to know score (he’d listened to game on radio earlier).
Anyway, our Maestro McStay scores a good yin and i jump for joy.
Auld faither says….”his next wan is supposed to be a belter…”
“awe, da!!!”……lol.
Mind you, he was right. McStay scored again from long range into top corner.
Can’t remember year or opponents…so long ago….only that it was at Hampden.
great figures, lets hope that they are taken as proof of the success of the clubs business plan and not a reason to hit people over the head for not splashing the cash when summer comes round.
success on the pitch and a fundamentally secure organisation off it is surely what we’re all after
AKBW1888
the accounts are audited, the board can’t just pluck numbers out of thin air and then publish them
The joys of the internet.
The night before our biggest game in years and we have folk criticising the running of the club.
Bizarre, truly bizarre.
1-0 St J…amateur hour defending from Hibs…whole backline were ball watching ….apart from the last man who played half the StJ team onside ..
Kevj
Going to the game tomorrow?
soal
2-0…
Belter
St Johnstone 2 up Vine again
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
19:46 on
11 February, 2013
akbw1888
19:14 on
11 February, 2013
Are you and neganon2 from the same ludge, or are you both just fudding around?
I’m not from any Lodge
I’m a Hoops share holder a Season Card holder and a Pools Agent for
the Club as well
I have already posted my views and everyone on CQN is entitled to
have their views
tallybhoy: 19:10 on11 February, 2013
>>>>>
Aha…..I’m not often right, but I was wrong again. : > )
++
I’m gonnae watch Liverpool.
TBB
Any links to the goals
2-0.., well taken second goal
Hamiltontim
There are those among us who no matter the year or the season push the same agenda over and over again and again and again and again…
No change in our fortunes on or off the pitch is enough for them to roll away the stone..
Sisyphus CSC
Yes Shelvey playing for Liverpool
Game for a laugh
HT- not as bizarre as you teachers needing a mid-term break already! :-)
Does that mean you get Wednesday off to ‘recover’ from tomorrow?
HH
SOAL
Didn’t want to tread on your toes….
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?
Gerry bhoy -I am sure the maestros two goals were against Iceland
Glasgow football clubs having audited books?
that will never catch on, isn’t against the rules?
Get Ben Williams on loan for the Juve return game!
I have absolutely no confidence in the Sevconians getting their just deserts.Be it Lord Nimmo Smith, Big tax case appeal or the stripping of titles.
What I do have , however, is a firm belief in divine intervention, the good Lord rewarding the good ghuys.
I am totally convinced we will be at Wembley on May 25th……justice done!!!!
Hibs are going to take a sore one here unless they smarten up in defence
Appalling show thus far
AKBW1888
yes, i get the annual accounts through the post every year and read it. don’t tell me they’ve been lying to me all this time?
Some bloke just hit me over the head with a power tool.
I was sitting there minding my own business then the next thing I know
‘Bosch’
ESPN Classic Sky 425
Inter Milan v Celtic 1967
Ive got a tenner on 2-1 ….
I notice that Papa Benedict has stepped down Bless him
I personally think that the Vatican should appoint a young
new Papa instead of a senior one after all there is a lot
of responsibility and public tasks that said post carries