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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Great results! Here is a short blog about them. May contain jokes at the expense of Sevco…
https://theclumpany.wordpress.com/2017/02/06/about-celtics-interim-results/
And here is my other recent offering. About newspaper folk who don’t seem to like the online community…
https://theclumpany.wordpress.com/2017/02/05/dear-diary/
Newradbhoy,so who do Celtic pay the rent for Barrowfield,and surely that shouldn’t stop Celtic from upgrading the site,and if you have seen it lately,it’s badly needing upgrading,but I would like our club to do something,could generate a few Bob,with the fans paying a couple of Quid,to watch the reserves,and it’s not if we are skint,
Sinclair was £2.8m plus £250k when we qualified for the CL. We will pay that £250k again for each year we qualify during his remaining 3 years. Moussa was £500k comp, Kolo free, DDV probably no more than £1m and Gamboa probably around £500k. So transfer fees total around £5.5m. Fees to agents and signing on fees totalling £4m. Kolo, Moussa and Sinclair probably got around £1m each.
BFSDJ- ‘ 2 fundamental things why Sevco are not doing well
1. Can’t defend and lose too many goals
2. Can’t score enough goals’
I think we have found Warbiola’s successor bhoys, be afraid…be very afraid
very sad news re Joost Van der Westhuizen……only 45.
One important figure that is not in the P&L and you can only speculate is what our current squad is valued at.
One thing is for sure it’s valued at slot higher than it was this time last year..
Timbhoy3.
I think Glasgow council own it .
As for the upgrade , I think your right and I also think it would be an earner for us if the fans paid a small price to see the reserves play.
100m according to the chairman
THE EXILED TIM on 6th February 2017 6:17 pm
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
======================
I gave a bit of thought to this angle in respect of our managers since 2000.
Conclusion? Some things are in the stars (and you can read that a couple of ways…..)
I’ve been wondering of late if Paul was wrong and it really was that simple to turn things around then why wasn’t it done long before now?
Since 2000 we have had Martin O Neil, Gordon Strachan, Tony Mowbray, Neil Lennon, Ronnie Delia and now Brendan Rogers as managers.
MoN was picked and backed by DD but that model was not sustainable due to wage inflation and if we look at Martin he was not exactly known for turning sows ears into silk purses. He “got” Celtic OK, had EPL experience which meant he could identify players that would make a difference here and had financial backing to get them before player wage inflation pushed the likes of Sutton and Hartson beyond our reach. He was a manager who knew how to use a cheque book well and he gave us a winning team.
Gordon Strachan was brought in to reduce the debt run up to support Martin, had EPL football and management experience and knew players he could get on a more restricted budget than MoN. His teams were well organised but football was often turgid and his appointment split the support in half. He might not have “got” Celtic on his way in but he definitely had by the time he left.
His successor Tony Mowbray was a disaster, some of which could be put down to the absolute dependence by RFC on CL money for survival. (It wasn’t called the season of honest mistakes for nothing.) Mowbray was an ex Celt but not so sure he “got” us as MoN did . He only had management experience of Hibs and WBA in the Championship before joining us and so his knowledge of the standard of player that would make a difference was not as good as his two predecessors, reflected in who he recruited. I cannot recall any players that he developed to become better players under him but that might be my failing memory and could be corrected if wrong.
Neil Lennon got caretaker responsibilities after TM has a RFC v Hearts type of score v St Mirren by which time it has become very clear TM is not the man for the Celtic job. Lennon definitely “got” Celtic but had no managerial experience to fall back on here or England. However he brought Hooper to Celtic and made a number of good signings to strengthen the team although just how much personal knowledge of them played a part is not clear. I doubt he had seen Izzy or Kayal play but he would have known about Mulgrew and perhaps Ledley or knew others who could vouch for him. Fraser Foster turned out to be another top signing Did Lenny make some players better under his management? Possibly but nothing like as many and as spectacular as Brendan Rogers.
Then we have Ronnie Delia. No high level management experience, no experience of UK football or management and so little of the personal knowledge of players that would raise standards. Johansen was his obvious best signing but even he fell away after a good start. RD definitely did not “get” Celtic in a truly passionate way, not that he didn’t want to but that passion comes from understanding the club’s history against a Scottish background. The idea was that RD would do what BR is doing which is develop players but taking Stuart Armstrong as a example RD was a fail.
By this time DD, for reasons that have become part of an accepted narrative mainly being pissed off at TRFC Directors after we lost the SC Semi final on penalties but perhaps also by that time in April 2016 he was as pissed off at the evidence of RFC cheating that was coming from Res12 , decides as he did in 2000 and 2004 and 2010 that he should pick the manager and it so happened Brendan Rogers who “got” Celtic, had EPL top level experience, knew players in the EPL who could make a difference AND (who amongst us really appreciated this aspect?) could actually make players better than they were adding immense value not just on the field but off it in potential transfer terms.
In Brendan Rogers I think there has been an alignment of factors including availability that simply did not apply during earlier tenures and the lessons that can be drawn from a more accurate analysis than my memory allows is that the most important signing Celtic will ever make is the manager and such a manager should have all the attributes that can be discerned in that analysis and once obtained should be incentivised to stay by all means necessary which is not just financial but support for his ideas and vision and how to realise it.
There might not be another such a fortunate alignment of factors in any foreseeable future.
Newradbhoy, hopefully in the near future, something can come good about Barrowfield, cheers,
Desperate high pitched voices on Shortbread tonight. Bfdj the radio oaf again, Keevins for once the only voice of reason.
Auldheid
I agree with that in the main.
Lenny was the coach when Johansen was signed btw :-)
My main gripe was the board not funding Lenny after the year we beat Barca, we were riding on the crest of a wave, but we sold our best players.
One of the reasons Lenny left was cos he was being undermined, I assume by Pedro, the board should have sanctioned a decent spend to keep us as good as in the CL, they did the opposite.
“FFS Dermot, you sold all my best players and brought in shite ”
Ronny had he had the balls could have worked, but again he was imo undermined.
Thankfully Brendan won’t be intimidated or undermined.
HH
watch the hun rat Paton kick Scott Sinclair, what will Wright say?
Take a look at @officialkappa99’s Tweet: https://twitter.com/officialkappa99/status/828625885897060353?s=08
I think part of the problem was that we overachieved in the CL in 12/13. We used that as a benchmark rather than investing to keep the foot forward. Close season 2013 was a bad one that set us back a few years. Wanyama, Wilson and Hooper sold whilst Pukki, Balde and Boerrigter were catastrophic signings. VVD was the only saving grace albeit a good one.
Absolute comedy gold over on FF..
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Default 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.”
I think Shug Keevins is in love with Brendan
How much testicular fortitude did it take for Mikel to attempt the rabona after he had made a Sebo of himself with the scissors kick in hte same area earlier?
its a brilliantly shallow and demented viewpoint.
celtic are too big, have to much money, have no competition and this is unfair so throwm out the league
but, by the way ……….
we are the biggest club.
Paul67
Fantastic financial results. Maybe we’ll sign up to become accredited Living Wage employers now!
TET
Caught your post about supporters not attending games in Argentina. I’m not sure what your point was regarding only being an exile and not being entitled to a say amigo.
tremendous financials.
cigars all round.
I know they are not the same club, but the demographic that follow the new club are likely to be the same as the old club, so when I think of Judas and his tax bill and walking away from us when we were low and needing a pick up, when I think of Sir Bluster and his Celtic will need deep pockets because for every fiver Celtic spend I will spend a tenner[yes we know the banks gave them it] this ultimately killed them as they were sold for a quid, when I think of Butcher Woods Gasgoine Laudrup and all the others who lorded it over us for years even though they couldn’t afford them,these results will have them feeling the way we did back then and is is not pleasant.
The more insightful among them will realise this and be sick to the pit of their stomachs, the others will just be furious and this anger will blind them from making the right decisions that would help them.I’m loving it as the commercial says.
There has been some debate about the origin of the Rabona but apparently it was first executed in Glasgow. The term originates from the expression “When a goal results from that particular fitba skill it gives me ra boner”
Strange the way the MSM are reacting to the internet bampots at the moment. There must be something major brewing. Read this from the wonderfully talented ‘cartuja’ – who asked CQN for a platform to reply…
AN OPEN REPLY TO NEIL CAMERON AT THE HERALD…
http://www.celticquicknews.co.uk/?p=32351
Well played Celtic……….
Sack The Bored.
And all of the money earned and bills paid.
GFTB-6:36pm-ha ha no comment:-))))
WINNING CAPTAINS
Excellent reply from the excellent Cartuja, he obviously struck a nerve with his simple question..
I’ve watched the goals from yesterday several times now. If there is a better goal this season than our fifth it will rank alongside the famous Brazil goal in 1970!
My friends in Celtic,
I must have been working too hard in December as I missed the appointment of Sharon Brown as a non executive director.:-))
Another step forward which has to be welcomed. It seems she comes with a great retail track record. That is all we need to know . She will be judged as all directors must be , on the basis of what they can bring to the club; not where she came from.
Although the Foundation is a separate entity, it is heart warming to see the figures they raise and distribute.
Many thanks to the Clumpany for posting the links. Cheers.
Maybe I should have already known this, but again CQN has provided me with information.
HH.
Two posts in one day Paul .
Can we expect another outlining the board’s intentions regarding resolution 12 ?
To paraphrase you , many will live the rest of their days without seeing the board back resolution 12 .
HAMILTONTIM on 6TH FEBRUARY 2017 7:59 PM
I’ve watched the goals from yesterday several times now. If there is a better goal this season than our fifth it will rank alongside the famous Brazil goal in 1970!
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That was the exact comparison in the pub after match.
HH.
HT
There are quite a few on here who get the severe hump if someone who doesn’t attend games even thinks about a boycott, hence my point.
Even more so than ever the Celtic support are the life blood of scottish football, take our cash away, the game dies, it’s as simple as that, the bigot blue pound will not sustain the game, and yet our support are supporting a corrupt game more than ever, by all means, fill Celtic park game in game out, but stave the appeasers, the self same who would see us gone in a heartbeat.
The game in scotland needs changing, it needs radical overhauling and the only people who can force this is the Celtic support, yet they bitch about it and do nothing about it.
Cash is king, it’s the only thing they will listen to, sadly.
Sorry for the rant.
HH
i love the way they haven’t sped up the crowd
here we go 10iar here we go 10iar
http://www.bbc.co.uk/sport/scotland/38879055
BFDJ has just claimed ( on SSB ) that the current Rangers board have spent £16 million pounds refurbishing Ibrox and Auchenhowie .
Greenpinata
Personally, I think that those responsible for recruiting Sharon Brown to the board deserve a huge pat on the back.
Pog
:-)
HH
One of these days i’ll give you folks an update re the Tesco ( Coatbridge ) chopped pork saga .
EMERALDBEE-8:33pm yesterday,just catching up as per,some times yi canny help your self,I get dragged in to easy, so who’s tipped his toe in this time:-))))