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Celtic spectacular interim accounts released

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Celtic this afternoon released their interim accounts for the six-month period to 31 December 2016, the figures are as rewarding as expected.

Income was up an incredible 94% on the corresponding period in 2015 to £61.2m (2015: £31.4m). Profit from operations reached £21.4m (2015: £1.6m), although profit on player transfers fell to £2.0, (2015: £12.6m).

Investment in player registrations for the period was £9.5m, not that much higher than 2015’s £6.1m.

To put some perspective on these figures, income for the whole of last season was £52.0m, £9m less than we earned in the first six months of this season. Results against Lincoln Red Imps, Astana and Hapoel Be’er Shiva in the summer have had a huge impact on the club.

The lack of Champions League football during the second half of the campaign will see income drop off, but these figures provide the first solid evidence that income will to £80m this season for the first time, comfortably £50m more than any other Scottish club will earn.

The figures also reflect a significant uplift in sponsorship deals, which kicked-in this season – well done to all concerned.  The post-Brexit vote battering of the pound didn’t do any harm either for a club earning so many euros…….

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  1. Paul – how do we get to 9.5m spent on Sinclair, Dembele, Toure, Gamboa & Dorus? Agents fees must be a fair whack and included in these numbers?

  2. TIMHORTON on 6TH FEBRUARY 2017 4:35 PM

     

    tontime

     

     

    do you go to the bcsc.

     

     

    *naw don’t live doon there anymore, last time I was in was with my back hame nephew tae watch the Legia game.

  3. Paul sets up a tempting lob for Neganon, come on Neg, smash it back down the centre of the court.

  4. The Battered Bunnet on

    Call me churlish but…

     

     

    Just bought the 3 season ticket seats for the ICT match on Sunday. Fine, decent value at £20 each, £15 for the old fella. And no transaction charge.

     

     

    Also bought the bhoy’s seat for the Sevco match – he’s on a Student season ticket, and doesn’t get this match.

     

     

    The uplift on his season ticket was £40 for this one match. Not a surprise, but despite that, I must confess it still wrankled paying it.

     

     

    The thing that ripped my knitting though was the £6 additional “internet charge” for buying this one ticket online, an extra 15% on top of the extra £40.

     

     

    Sort it out Celtic. There’s room enough in the P&L after all.

  5. Canamalar it looks like OCD obsession on

    To think had they invested in and supported a top quality manager these results could have been typical for the last ten years eh

  6. CANAMALAR IT LOOKS LIKE OCD OBSESSION on 6TH FEBRUARY 2017 4:51 PM

     

    To think had they invested in and supported a top quality manager these results could have been typical for the last ten years eh

     

     

    ____

     

     

    Aye cause he’s the first manager to qualify for the CL? Away you go.

  7. Canman

     

    Yip, my thoughts exactly, after WGS it sort of went downhill, thankfully the great moustachioed one has seen sense and brought in a proper manager.

     

    HH

  8. T29

     

    Had they invested in Lenny after the Barca season there prob wouldn’t have been the need for Ronny, but they didn’t and did things on the cheap.

     

    HH

  9. With a good set of figures, surely it’s time for the old Training ground at Barrowfield,be upgraded ,and for fans to go and see the Development squad,play there , instead of going up to Lennoxtown,and do Celtic own Barrowfield?

  10. saltires en sevilla on

    Paul67

     

     

    Great news!

     

     

    Some of that should be invested in decent faciliies for travelling fans ( home and away); get more in the ground for longer, build the atmosphere etc., etc.

     

     

    MakeadayofitCSC

  11. SALTIRES EN SEVILLA on 6TH FEBRUARY 2017 5:03 PM

     

    Paul67

     

     

     

    Great news!

     

     

     

    Some of that should be invested in decent faciliies for travelling fans ( home and away); get more in the ground for longer, build the atmosphere etc., etc.

     

     

     

    MakeadayofitCSC

     

    ____

     

     

    Certainly seems the plan. Kerrydale Suite, Celtic Way and the proposed hotel etc.

  12. The Green Man says SACK THE Board on

    Evening Celts

     

     

    Spectacular interim accounts.

     

    Yipee, bonus bonanza for the PLC

     

    Runaway gravy train.

     

     

    HH

  13. Canamalar it looks like OCD obsession on

    All of it should be invested improving the team like we are promised every year since this mob were installed in the board room

  14. Paul…..Whats all this about issuing financial accounts? and on time as well?

     

     

    Next you’ll be telling us that we have a credit facility with a bank….and long term sponsorships…..

     

     

    Why do we insist on doing the opposite of what the establishment club does so well?

  15. Excellent results!

     

     

    Whatever way you look at it, once you’ve sifted through the snide PLC comments, these figures are the clearest indication of where the balance of power lies in Scottish Football.

  16. 16 roads - Celtic über alles... on

    Beating Barcelona and qualifying for the knock-out stages must have been just an illusion.

     

     

    The 125 tifo and all.

     

     

    I despair sometimes.

     

     

    HH.

  17. The Green Man says SACK THE Board on

    The Tim Reaper

     

     

    Yeah, the ‘power’ to look the other way while sevco shaft everybody and everything in its path.

     

    And of course, the ‘power’ to ignore the biased refereeing.

     

     

    I will tell you what real ‘power’ is, its the ability to confront corruption and cheating.

     

     

    HH

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