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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Parkheadcumsalford
To save you lokig back OG’s thunder will be later but certainly not the next 24 hours
Gerry_bhoy
It was a 3-1 win against Iceland . Yer auld man was right . McStay goal was a belter 25 yarder right into the top corner!
One of the best goals I’ve seen at Hampden.
Not sure of the year but was in the 80s. HH
Hotel booked for Wemburley now! Took the free cancellation option………just in case! 2 rooms left at the Fox & Goose, I “Superior Double” & 1 Twin. 3 miles from the stadium. Will drive down the night before.
COYBIG, there’s money on it this time!!
HH
Bet that put a different image into your heads.
True tho’
Doc…..Doc…Doc
Che just shakes his head in total astonishment,
Murdochauldandhay – I am no apologist for the MSM – however what STV said was EXACTLY what the Board want you to hear.
Cripes- was that The Hammer of the Gods in the crowd at Anfield?
NegAnon2
20:59 on
11 February, 2013
I am always amused at the response of some on the Board when someone dares to go “off message”. Its usually the same folk who then slag the huns for controlling all messages.
Honestly some of you would make Celtic earning an absolute fortune every year, manufacturing a small debt and doing nothing positive with the money a virture.
Others go off in the huff and immediately go down the route of suggesting that the current buy cheap sell expensive practice is something I am criticising.
For the record I am not – BUT there are customers to think of here (I use the word customer deliberately – its simply how the club see us – customers who have undying loyalty to the product and there to be exploited).
Auldheid – I GENERALLY agree with the club’s approach to player trading. However there are times when the club will need simple strengthening and/or investment. Perhaps to qualify for the CL we may need to spend a few million on a missing link player. Celtic wont do that and will readily quote debt at us as a mantra.
Now then – what are these capital investments you are mentioning – all sounds laudable but where is the business plan? Perhaps Celtic can use all of those exceptional costs and reserves they create every year to do it?
Battered Bunnett – you say its inconceivable that we wont be flush – well the club are preparing to tell you that they arent flush. This doesnt make any sense to any of us – but for the accountants amongst us there are LEGAL mechanisms to manage this. The massive increase in operating costs – now is that broken down anywhere? If Celtic have paid absolutely massive bonus’ to the players then there is a whole different question to be asked about the management of the club. I cant imagine that is the sole reason for those massive increase in costs.
Now you say Battered Bunnett that the exceptional costs are simply a write off of players contracts. You use Bangura as an example. Now then does that mean we will simply release Bangura from his contract? No – me neither – so tell me if the full value of Bangura’s contract is written off but we are actually still paying wages – how do you think that is accounted for?
You also mention capital projects – what are these mythical projects and again where is the business case. As capital projects these will increase assets on the balance sheet.
And you say the rest will go on “reserves” – now what are these reserves for. Are Celtic now becoming a bank?
AKWB1888 – I dont believe Celtic are doing anything illegal here – but its immensly dissapointing that they chose to treat us this way. Its totally needless too. No-one is screaming for us to go crazy financially – but its feels contemptous to me to try this old “we still have some debt” trick yet again.
As for you who tell me that I shouldnt be raising this on the eve of a big game (Hamiltontim amongst others). Why the hell not? It isnt going to make any difference to tomorrow night and I am not really ranting about it – to be honest I had a wry chuckle when I read Paul’s post. And in any case the real question is why did Celtic announce it the day before the big game? To the more intelligent among you – yep thats right – no one will pay to much attention to the detail – just the good news highlights!
Tomorrow will take care of itself but come another dissappointing transfer window in the summer – where we take in probably around £10M more than we spend, this spectre of debt will suddenly be headline news.
Anyway – got my half day sorted tomorrow to allow me to get back from Edinburgh, quick change, hit the pub and relax and enjoy the game.
Really looking forward to it – get all your vocal chords ready and tuned :)
Well said NegAnon 2
One can lead a Horse to water, but one can not force the Horse to drink it?
A bit like Hamilton Tim’s tote sheets
Awe Naw
Thanks for the comment (and for the forebearance to offer it without donning a nurse’s uniform).
You are right that 2 stripped titles WAS a punishment, officially administered too, But was it sufficient? Would 2 stripped titles appease your righteous anger at the ways in which Sevco have been behaving?
Bhoys,
Don’tcha luv it when, the night before another big game for Scotland’s champions, and on the day when we have produced decent financial results, one or two choose to criticise the club? It’s a wonder we are not hearing how Lenny is a failure and that we ought to corner Swally in a car park and ask him to lead us to glory! Of course we can all moan at different times about different thungs, but some of this stuff – the club will refuse to invest to bolster the squad, for example – is laughable. Our squad is pretty decent, imho!
The thing is, such posts are always so well-written. I blame the skools.
I’m looking forward to two things this week. Our famous victory tomorrow, and reading about the further humiliation of the club formerly known as Deadco as promised by OG.
Hail Hail!
Don’t watch the Lisbon rerun often, but when I do I am struck by the incredible fitness that the Lions had and they did not lose many 50-50s either. I don’t see that level of fitness in the current team despite the influence of sports science etc.
To see Big Tam and Wee Jinky charging around without shinguards is a throwback. Probably a yellow card offence in today’s game.
Wonder who the wee guy was who got on the park after the winner was scored. Ref sent him packing.
Hope NFL has a good rest tonite and wakes up with a masterplan for tomorrow. Biggest test of his abilities awaits.
Sorry, couldn’t resist.
Chelski v Juve CL 19/9/12 2-2
http://www.youtube.com/watch?v=Ym5dr3z0cRE
It’s been a wonderful experience participating in the CQN community these past 8 years or so.
During that time I have been in awe of the actions of so many of those amongst us, acting individually or collectively as circumstances dictate.
It’s a diverse community, with contributors drawn from pretty much every walk of life, fholk in the main characterised by warm humanity, Celtic DNA, a humourous outlook and a curiosity to better understand the myriad issues that surround the Club, the Game and life more generally.
In the main.
TBB
Neganon
I wasn’t TELLING you not to express your views.
I merely stated that I find it bizarre that on the eve of a last 16 CL game some people would rather focus their energies on negative aspects of finance.
akbw
Wasn’t there mate I was following on the ol Twitter.
Anyone that thinks the Board will reduce ST prices is living in cloud cuckoo land!
The best we will get is a freeze for a few years. That seems to be their way , and then a small increase to follow every 2/3 years.
If we ever get out of this small minded country of ours to play in a bigger league with larger revenues, the first thing to happen will be a substantial increase! Fact.
Juve winning 2012 Serie A
http://www.youtube.com/watch?v=LaFATSfyucg
Two questions…. Did juve train at orcville?
And
When is lord Nimmo smiths findings being released.
….PFayr
your right, i dont have figures to back up my thinking, instread i am looking at the landscape, throwing in my own opinion and adding a little analysis to back my position.
no matter what i will always follow the bhoys, i will enjoy the game tomorrow and i will have an opinion about what the team/ club should be doing, just like every oter fan.
i am a dreamer and i want the best for my club and her fan, when i stop doing any of these things i will no longer be breathing. then i’ll be getting a free pass to all our games
Hope each and every one of you enjoy the game tomorrow night!
Prediction. 1-0 to the Hoops.
Win, Lose or Draw………….
the Club is in fine fettle………….
…………our success is the best retort to the pop-in, pop-up Sleekits.
The bhun lurkers are really hurting this evening ……. Why don’t they go and find out where their chairman is hiding…….hahahahahahahahahahahaha
Anybody else like to just Nuke Albert Square?
pauloantony
Yes they did, as for LNS, don’t think anyone. knows
Stephbhoy
Well put …I hope yer team wins :-))
NegAnon2
I hope you have a pleasant and cool Evening tomorrow
& I hope your Team wins tomorrow night
I’m one of the lucky ones who will be there cheering
on the Bhoys lets all hope it’s a positive Leg half time
result we will leave the finances debate until another
day I’m off-ski to get some scan in my stomach I’m
like that wee kid in that TV Advert with Hank Marvin’s
Music playing in the back ground & To all my other
fellow Bloggers a good night to you all I hope you all
have a pleasant Evening what’s left of it and a better
pleasant Evening tomorrow night no howling @ the
moon now we have all got a busy day tomorrow to
look forward too so all the best and God Bless
Everyone sincerely AKBW1888
Come-On-You-Bhoys-In-Green & We Are Doing The
Huddle In The CL Yeah Right On Slangy Everyone
have a good evening bhoys and ghirls am off to watch some t.v befor bed
hail hail
setting free the bears
I understand your dilemma, glad it’s you having it…….
The way I see it is we have know we have been cheated for many years, by the powers that be, and time after time the support have supported, it’s what we do.
I have said that if they are not punished, I would think about giving up on scottish football, I think many others feel the same.
It’s a different scenario now than we had in the past, they have been seen to have cheated, before it was all down to our paranoia.
Their, Juve that is, punishment wasn’t harsh enough, but they were dealt with, more than has happened in scotland.
Go along, enjoy the game, and get drunk, my Mrs, who is a Dr, says you are deserving considering your dilemma >}
I only wish I could be joining you.
HH
Liverpool v West Brom, 68 mins gone, 0-0.
Dreadful fare…
Would 2 stripped titles appease your righteous anger at the ways in which Sevco have been behaving?
————————————————————————
2003 & 2005, they’re the ones that hurt the most
Promises to be amazing tomorrow night.
Look out for me … I’m the guy in GREEN
Hail Hail
http://sport.stv.tv/football/clubs/celtic/213513-gabriele-marcotti-jackie-mcnamara-on-celtic-v-juventus-hangout/
Paul 67 on Now!
….PFayr
have a good one and enjoy the game tomorrow
Listening to Lenny’s press conference on shortbread whilst driving home tonight, he seemed to be hinting at a change in formation from the European norm this season. Match up their 3-5-2 possibly?
stevebhoy
21:12 on 11 February, 2013
We are being visited by 2 alien zombies tonight….
NEGANON2 20.59.
You mention Celtic may have to pay a “few million for a missing link player ”
Sounds good but factor in the wages of such a player & the wage structure is
a busted flush.The prospect of such a player coming to the SPL is slim,if
such a player exists who can guarantee success then bingo but I can spot
a few howlers through the years who gave us the sum total of nowt.
Personally , the figures in a recession are remarkable.
Back to the suffering Pre Match Tension about tomorrow.
Happyclapercsc.
67heaven … i am neil lennon..!!.. ibrox belongs to the creditors
They pick their moments. Luckily, we are Tims, champions, in Europe and solvent enough to pay our taxes with a little left over for luxuries such as Victor and Efe.
They, on the other hand, canny even afford a decent burial!
HH
;)
Watching this Lierpoolngame…..would be very frustrated if I were a Liverpool fan…
Some on hunmedia not swallowing chuckles pash…
And is 360k, 100% bonus, house and all costs covered is not inflated?
Im surprised that so many fans have taking to Green after what happened with Whyte. Green slags the Sfa, has little snide digs at the taigs and he’s f*****g brilliant. Orange strips, Laudrup, Re-naming Mp, Casinos, Hotels, 100 million a year etc, All b******t. Green is taking us for a ride.