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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celtic40me
20:09 on
11 February, 2013
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?
So are they very detailed and specific as regards to where and who
each penny is going too?
Verdict on Richard III’s remains – serious trauma to skull, bent back.
Atos confirm he is fit for work.
!
!Bada Bing!!
20:14 on
11 February, 2013
ESPN Classic Sky 425
Inter Milan v Celtic 1967
Ive got a tenner on 2-1 ….
who fur.
1 down Inter got a dodgy penalty…
Akbw
Given that you’re the one making very serious allegations I’d expect you to know the answers to those questions
Right,
All washed and new PJ’s on. Wife says sooner I go to sleep the sooner the Juve game will come. I have been warned not to be up and jumping about before 6:00 am…
Fav Uncle-the way my luck is just now…….Mick Lustig 40/1 1st goal v Juve will be a help :)
21mins gone
Liverpool 0 WBA 0
Starry
I’ll criticise if I think it’s justified, both on and off the park but with today’s financial news and the prospect of a last 16 CL game on the horizon, it seems a strange time to vent.
Art of War
I have in service on Wednesday. Trust me you don’t want to face that with the shakes or the fear!! ;-)
AKBW1888
i wouldnt understand specific detail if it was included, i reckon the large majority of the shareholders will be the same.
you do understand the concept of independent auditors don’t you?
….PFayr
20:18 on
11 February, 2013
Akbw
Given that you’re the one making very serious allegations I’d expect you to know the answers to those questions
Yes more honesty detailed and specific viewing for all the share holders no cover up’s
and deception
Is Big Efe back in Glasgow yet?
Insight from Chico on Shortbread… tritanopia blighting the Hibee defenders under the yellow shifted floodlights.
HT
Lawell and the rest have got to go,
£130k bank debt is a perilous predicament for any Club to be in
What did they do with the McGeady money?
:-)
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
_______________________________________________________
Tony Ward?
celtic40me
20:24 on
11 February, 2013
AKBW1888
i wouldnt understand specific detail if it was included, i reckon the large majority of the shareholders will be the same.
you do understand the concept of independent auditors don’t you?
Your having a laugh
Packing my bag for trip to Glasgow,should I pack a raincoat?
Given the pot loads of money that CL qualification makes available, it is all the more regrettable that that in recent years SPL Championships were thrown away due to a lack of adventure on the part of the Board.
bournesouprecipe
20:11 on
11 February, 2013
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’
>>>>>>>>>>>
bourne, never turn your back on a hun;-)))
AKBW1888
my having a laugh what?
I have been struggling with feelings of hypocrisy.
I have stated my view, previously, that I am not willing to partake in a league with thems, or the former thems, if they are officially found guilty of serious financial doping, false registration, and a sham fakeover. I would rather give up the game than take part in such a farce.
Yet, here I am, desperate for the hours to wind down so I can see my team play Juventus who have already been found guilty of financial impropriety and cheating their fellow league members. Even Italian authorities who are comatosely relaxed about enforcing regulations thought it was a serious enough offence to merit two stripped titles. This team have already been found guilty of crimes of which the huns are, currently, merely accused.
So, how do I reconcile going tomorrow and not going to any putative game against Zombie FC in future. Well. I tried to rationalise it in terms of national stereotyping. Italian teams are all at it, I thought, so it is less of a big deal for them; it is almost expected. Like simulation and spitting, they are not as big offences over there because so many of them engage in it.
But, I merely ended up in bigoted forms of thinking without even convincing myself of the merits of my own argument because, even though both Milan teams and Fiorentina have also been caught up in the dodgy stuff, so too have Hearts and Kilmarnock been assembling squads beyond their ability to pay for them, and Motherwell and Dundee have both been in administration twice so the Scottish teams cannot claim any moral superiority over Italian teams and their financial practices.
I cannot condone my presence by feeling that Juve have, at least, been apologetic and remorseful of their cheating. They have not. Their fans still claim the 2 stripped titles and the club still proclaims 3 stars for 30 titles, which officially they have not reached when the stripped titles are deducted, at their training ground and elsewhere.
I am still struggling to make a moral distinction between what Juve (and others) did and what the deid club (and other Scottish & English teams) did.
However, before anyone says I am quite right and they are willing to save me from a moral dilemma by relieving me of my ticket, my hypocrisy is winning out. I am going with the line that Juve cheated other Italian teams but not me whereas Rangers cheated me and my team.
It is not the strongest argument and my value judgements are not very pure of heart but it is the best I can come up with.
Anyone got anything to ease my conscience (apart from taking my ticket, that is).
coorslad
no your better with lonhjohns…
sipsini
Typical text joke, which fell below my normal low standard, only posted to lighten the mood.
Sheer Comedy Bronze CSC
Che
20:26 on
11 February, 2013
HT
Lawell and the rest have got to go,
£130k bank debt is a perilous predicament for any Club to be in
What did they do with the McGeady money?
:-)
Yeah Che you are also having a laugh as well
Yeah and what did they do with the Petrov 8 Mil + money as well?
Che
It paid my totes!! ;-)
STV news at its best tonight Raman Hogwash while promoting tonight’s programe about our game against Juventus slips in a Celtic reduce DEBT comment,I knew it was coming so my LOL was much louder;)
Abkw
Why are you continually asking stupid inane questions ?
As for Efe …in the midst if his 20 hour flight ,!
A pal was going to miss a big euro game on tv because he was working that nite
spent about an hour the previous nite showing his better half how to record the game – she was a natural, and had it all ready to record as per his precise instructions
The nite of game he gets home form the work, having managed to avoid any news of the score -looking forward to putting his feet up with a few steely dans
Him ” did you remember to record the game? ”
Her ” yes, how could I forget?”
Him “and did you get it right from the the start?”
Her – a wee bit exasperated now ” yessss… and I got the extra time and penalties…”
Hehehehe
What is the make up of our bank debt ?
Do we have any term loans or is it an overdraft facility ?
Coorslad-dry about 4 degrees last time i looked
greendreamz
20:26
superb
Bt,with my wee short legs..nerves are wrecked already…
Sftb
Alcohol in copious quantities should alleviate the burden of guilt!!
Bada-Bing,thanks….
Thats the Wem-ba-leeeee tickets applied for….
I’ve had issues with PL & the Board in the recent past,but surely credit where it’s due.
Does anybody know where Kev j goes when he says off oot, ? he must be as fit as a flea coming and going all the time
….PFayr
20:33 on
11 February, 2013
Abkw
Why are you continually asking stupid inane questions ?
As for Efe …in the midst if his 20 hour flight ,!
What are you talking about so individual share holders season card holders
and a pool agent for said Club is not allowed to voice ones opinion and
ask for clarification on certain important issues and matters?
It’s also called Democracy not Dictatorship and Deception
AKBW
careful not to swallow any of the peel from that lemon when youve finished sucking it mate.