This afternoon, Celtic issued a trading update to the stock market, “As a result of [player trading]gains, Celtic now expects earnings for the year ended 30 June 2023 will be significantly higher than previous expectations, which were formed before the conclusion of the season and prior to certain player disposals.
“Player registration valuations and player trading can and often do materially influence Celtic’s financial performance in addition to trading revenue.”
This is confirmation of the impact we expected from the sale of Jota. I do not recall any previous occasion when the club felt it necessary to issue a material impact statement. These are exceptional times, not just for Celtic. Occasions when any company has so much money they need to tell the stock market are few and far between.
A financial statement for the year to 30 June 2023 will be issued in mid-September, after the transfer window closes.