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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Paul 67 et al,
Indeed, spectacular financial figures which all Celtic minded people should welcome.
Seeing you have mentioned Brexit, maybe the shrewd people of the 6 wards in Banff & Buchan, a ward in the Western Isles and the wards of Shetland who voted very strongly to leave had the well being of Celtic at heart when casting their votes.
HH.
Ps : Don’t shoot me, I’m only the messenger.
Too much back-slapping going for my liking.
CARLTON COLE….remember him?
How does the movement in the exchange rate affect the money for £6m Barrie McKay?
THE GREEN MAN SAYS SACK THE BOARD on 6TH FEBRUARY 2017 5:19 PM
Too much back-slapping going for my liking.
THE GREEN MAN SAYS SACK THE BOARD on 6TH FEBRUARY 2017 5:21 PM
CARLTON COLE….remember him?
____
Some good news about Celtic and you are desperate to go negative. Telling really.
Carlton Cole, West Ham Legend.
Celtic plc (the “Company”)
INTERIM REPORT FOR THE SIX MONTHS TO 31 DECEMBER 2016
Operational Highlights
· Currently top of the SPFL Premiership, having broken the 26 game domestic unbeaten run set by the Lisbon Lions in 1966/67 season
· Winners of the Scottish League Cup, the club’s 100th trophy
· 18 home fixtures (2015: 17) (excluding the International Champions Cup Tournament)
· Successfully qualified for the Group Stages of UEFA Champions League
· Became the first stadium in the UK to accommodate 3,000 ‘safe standing’ section
Financial Highlights
· Revenue increased by 94.7% to £61.2m (2015: £31.4m)
· Profit from trading was £21.4m (2015: £1.6m)
· Profit from transfer of player registrations (shown as profit on disposal of intangible assets) £2.0m (2015: £12.6m)
· Profit before taxation of £18.6m (2015: £11.7m)
· Period end net cash at bank of £18.6m (2015: £7.7m)
· Investment in football personnel of £9.5m (2015: £6.1m)
16 Roads
See if you had read my post properly, I did say AFTER the Barca season, you wouldn’t have to despair :-)
HH
TIMALOY29
Im here to remind people how bad things were not so long ago.
I know you would prefer everybody on CQN to agree, but life isnt like that.
Sorry for being, well, me:)
HH
where is KevJ tonight??
HH
Sorry if already posted. Taken from Follow Follow. How desperate are these deluded Huns getting. LOVING IT
Drastic suggestion – should teams be pushing to kick Celtic out of Scottish football?
Even aside from the fact that referees are now visibly scared to give any decisions against them resulting in dozens of ludicrously bad decisions going in their favour this season. The decision today was beyond belief. Would we have got that? Not a chance.
Anyway, that’s only one reason out of dozens. The boys club scandal, the excessive influence over the governing body and use of external bodies (politicians etc) to make decisions that favour one club or give them an advantage.
Their big call was about sporting integrity. Where is the sporting integrity when they are turning over 3 or 4 times their nearest competitor. This year they expect to make 80m next year when they sell Dembele and if they make the CL they’ll possibly take over £100m. What chance do we or any other clubs have?
They aren’t Scottish football, remind them if they have no one to play against they are nothing. We are the biggest club in the country and its time to start reminding people WATP and getting onside with other clubs to rail against their influence.
TET I hadn’t even read your contribution before posting.
Canamalar and the lack of a decent manager for the last ten years was the cause of the despair.
My main criticism of the PLC is their allowing Mitty to win those 3 titles, aided and abetted by the MIB albeit.
By right we should be going for 12IAR this season, however it’s water under the bridge.
I try to focus on now and the future.
Great times in the history of the club.
HH.
THE BATTERED BUNNET on 6TH FEBRUARY 2017 4:51 PM
‘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.’
###
Yeah, but it’s OK really, because Celtic don’t use the term ‘The Old Firm’ any more.
Hun Media response to our figures :)))
——-
There is something very odd about these figures, they literally do not add up. If Dembele’s, Sinclair’s as well as Brenda’s weekly salary are as we believe them to be, then their outgoings vastly dwarf their income. I haven’t included Sinclair’s transfer fee which was 3.5 million I believe.
But of course the most astonishing figure is the claim that revenue increased by 94.2% in one financial year, that is fiscally impossible!
No properly run organization gets those figures legitimately. Microsoft, Volkswagen and MacDonalds would eat their heart out to get that sort of return.
My brother-in-law Arnold is an accountant and a quick glance confirmed that these figures are too good to be true. Remember there are statistics and there are statistics, and as Arnold pointed out ‘These numbers are from the Bernie Madoff school of accounting”. Don’t forget Dermott Desmond made his money through Ponzi schemes. I would take these figures with a shovel full of salt.
I think it might be the Warmiester in disguise
THE GREEN MAN SAYS SACK THE BOARD on 6TH FEBRUARY 2017 5:21 PM
CARLTON COLE….remember him?
———————————-
Absolutely, the song was brill.
HH.
Paul67 or anyone
Turnover increased due to CL participation increased season ticket sales and the not insignificant merchandise sales. Great news.
How much was paid to Celtic for taking part in the International Champions Cup at the start of the season?
16 ROADS – CELTIC ÜBER ALLES… on 6TH FEBRUARY 2017 5:38 PM
Stick around. You’ll get your 12IAR , and then some!
“From a financially stable base at the year end, during the summer transfer window we invested £9.5m (2015: £6.1m) in the playing squad with the acquisition of the registrations of Scott Sinclair, Moussa Dembele, Kolo Touré, Christian Gamboa and Dorus de Vries.”
Based on reported transfer or development fees paid, we would not be much above £5m expenditure to other clubs for this group of players.
This indicates that we have paid a lot of “signing-on” fees to the players themselves.
Greenpinata
Not like you to be funny:)
HH
The Fenian Pound doesn’t shrink to fit inferior Euro’s
Excellent figures. Possibly more to come with CL next season and sell-on if Virgil moves.
Hopefully reward the current players with improved contracts to tie them down.
Ah but whit aboot Carlton Cole, feck Carlton Cole whit aboot Willie Garner…..
“My brother-in-law Arnold is an accountant”
Might be the brawest phrase ever thought of…….
Smiley shadenstichy thing
Braw.
What are they like ……. Zombies … hahahahahahaha
https://pbs.twimg.com/media/C3_dwmrWEAAZgLT.jpg:large
Timjim- WATPP
We Are The Poor Peepil
TheTimReaper
Good to see them getting interested in accounts 15 years too late!
New Swedish dance takes internet by storm
https://twitter.com/Arsene_Parcelie/status/828541803905310720
I’m sure it won’t take long for the MSM to put the improved figures down to the “return” (sic) of “Rangers” (sic)…..
Good evening friends
its fiscally impossible to have these figures, ma brother in law is an accountant.
hahhahahahahhahahaha
hahahahhahahahahahhaha
hahahahahhahahahahahahha
GLENDALYSTONSILS on 6TH FEBRUARY 2017 5:46 PM
16 ROADS – CELTIC ÜBER ALLES… on 6TH FEBRUARY 2017 5:38 PM
Stick around. You’ll get your 12IAR , and then some!
—————————————
Let’s hope so mo chara.
Wish a wasn’t barred from Zombie Media – would have posted the old Harry Enfield sketch – We are considerably richer than you!
It’s difficult to be humble sometimes.
HH.
Timbhoy3.at5:02 pm.
I dont think Celtic own Barrowfield training ground.
They lease it , and if memory serves me right I’m pretty sure they
took out or extended the lease for100 years.
I could be wrong but I’m sure I read that somewhere , probably here cos this place is great for first class info thanks CQN.
hhaHAHAHHAHAHA
kEEVINS goes back to the 89 stolen shy decision to say its allways happened ……
aye our last decision in favour was in 89,
16 Roads.
He has a point tho, big TM, Lenny, RD were all gambles, Brendan is a calculated gamble and it has paid off big time.
I agree re the cardigan,
HH
‘My brother-in-law Arnold is an accountant’
###
Wonder if it’s this guy? He’s Glaswegian. He’s an Accountant. And he’s called Arnold. It must be him.
https://www.youtube.com/watch?v=JHFgCf8BPZM
Maybe someone should send Arnold a copy of some of RFC’s accounts from the early 2000s and ask him for his verdict?
HRVATSKI JIM on 6TH FEBRUARY 2017 5:50 PM
“From a financially stable base at the year end, during the summer transfer window we invested £9.5m (2015: £6.1m) in the playing squad with the acquisition of the registrations of Scott Sinclair, Moussa Dembele, Kolo Touré, Christian Gamboa and Dorus de Vries.”
Based on reported transfer or development fees paid, we would not be much above £5m expenditure to other clubs for this group of players.
This indicates that we have paid a lot of “signing-on” fees to the players themselves.
____
Aye, Dembele and Sinclair were definitely recipients of big signing on fees
Meanwhile the likes of Clint Hill will probably just be ‘signing on’ soon.