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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HT
I have to agree with TET on this one.
I know your ethos with regards the away support and understand your position. I was once of the same mould but fell away mainly due to financial constraints when mini me was born and my want to spend time with him also due to working long hours all week at that time for little reward.
Anyway, if the Celtic support, and I’m talking about the away support here, did come together and threatened to withhold their attendance and the accompanying financial support that they bring, which as we all know is the life blood of Scottish football do you not think that would have an impact on these teams and therefor their acceptance of how the PS operate on their clubs land if the case was so put to them.
The pressure has to start somewhere. And if you are waiting for all clubs supports to get on board and subsequently have an impact I doubt it’ll carry much weight. What are we talking about 150,000 fans a week at a liberal estimate. SNP don’t give a duck about that small a number if supporters.
I know it’ll never happen but it is the only viable weapon at hand that would provide any great impact.
MWD
Just thought I’d pop on about the debate about filming the police, you can, they can’t stop you, they are public servants paid for by us. As has been said, they will lie, bully and intimidate, but they have to tell you the exact law, section etc, if they can’t thn their commiting fraud, which is an offence, obviously. They have to give you their name and number, it’s the law. As long as it’s in public you have the right to film. If your unsure, watch Danny shine on YouTube. You do not at any point have to give them your details unless they arrest you for a crime, which they have to know to the letter.
Gordybhoy64
As you say he is a businessman, their support are the most gullible on the planet, they will spend wheans of cash in the hope of being back on top of Timmy, it’s what they exist for.
As for spending millions to earn a penny, me thinks not, why would he need to throw millions at them, they only need to compete with us, a decent manager will go a long long ways for starters, he will be half way there.
HH
Just read the open letter.
The hack’s conduct is, for me, predictable.
Serious question – have we not reached the point where the print media can be confidently ignored?
They exist in a parallel universe which is diminishing rapidly.
The rectum will cease trading by 2025 at the latest.
The COMBINED paying readership of the Scotsman and Herald would fit comfortably inside Celtic Park.
Hail hail
TET,
thinking more about the millions reportedly needed for the stadium
issues as opposed the team,not sure there would be a profit in it for him for many years,
he could always do us a favour and buy them and knock the place down
G64
I heard BFDJ telling the world on snyde earlier tonight that they had spent £16mill on the bigot dome and Auchenhowie, now that may well be total pish, but the nets haven’t gone up, they still have a licence, the stadium is NOT falling down, it may well need cosmetic stuff, but I honestly do not believe all the scaremongering pish that has been said about the place.
We will see.
Back when they were in their pomp and lording it over the game, there was no light at the end of the tunnel for us, then we got Martin in, the rest is history, we have no clue what is around the corner, things tend to work in cycles, it’s just the way of the world, round, so the gloating should be cherished as it may not be around for ever :-)
HH
Our financial results have been as excellent as our team’s domestic ones this season. They make very good reading.
On the transport front , anyone who goes by car or bus to our home games along Cambuslang Road towards Dalmarnock Road, the road will be shut where the railway bridge is , near Lidl, for 4 months from 20/2/17 .
I’m not sure if the M74 junction 2 slip road onto Cambuslang Road will shut as well.
THE EXILED TIM on 6th February 2017 9:36 pm
Start with Ayr United. Maybe Ayr United supporters can get the ball rolling?
If the culmination of res12 is rescinding of 21 trophies during the EBT years then Ayr United will have a Scottish league cup to their 107 year history. 2002.
MWD
You’re wrong in my opinion mate.
If we boycotted the SNP would claim that as a victory. Fewer supporters would give them the opportunity to claim that their Act has forced a change in the attitude and behaviour of football fans.
What bothers me is that the PLC’s record breaking financial results coincides with thems in the SPL again. I think Celtic need a hun vaccine. Suggestion: Buy Ibrox and sell tickets at £1000 a pop for dynamite Ibrox day. Maybe a small loss would be incurred but then they’d be gone forever and ever.
What could possibly go wrong?
It’s good to have healthy finances but I see we are still saving money. Net cash at bank is £18 m. So take off our loans and we must have around £40m in the bank. Maybe we are going into banking after all.
More disturbing evidence about how to create a post-truth story. From the same source that brought us the pizzagate Washington Democrats paedophile ring
more post-truth nonsense
67
Margaret McGill at 10 .21
What could possibly go wrong?
There won’t be enough tickets to go round and I am not on the away ticket scheme.
Just need to hope HT can get me a ticket.
HT
They may claim some sort of redundant victory. But pressure from the clubs and finance would soon change that.
The away fans will always be an easy target until they use the only weapon of substance at their disposal.
No point waiting on the dream if other uninterested parties who travel in their 10’s and 100’s to fight fir you.
MWD
Lisbon 17 SCLAFFBAW Outing
Still trying to get numbers sorted for a sclaffbaw outing during the 50th celebrations in Lisbon. So far we have eight:
– ACGR
– Young acgr
– Kickinthenakas
– Delaneys Dunkey
– Cosycornerbhoy
– Skyisalandfill
– Grafittionthewall
Torontony + others……….mibby aye, mibby naw????
If anyone has a contact for Torontony, please pass this message onto him.
If you fancy it, the idea is to get three (maybe four) tee time the morning of the 26th May at a course, yet to be determined, close to the city of Lisbon and have a wee spirit of 67 sclaffbaw tourney. I’ve said I’ll put up a cask strength dram for the winner and I’m sure we can come up with some other prizes.
Email me at acgr@outlook.com if you want to join us. It will bee a hoot and may end up as a full blown hootenanny………………….:_)
Apologies if I’ve already missed anyone off the current list. email me.
HH
Good morning from a roastn’ hot Brisbane.
I mean not to increase the heat in anyway whatsoever. I have already run out of knotted hankies. Nonetheless it’s worth pointing out something that we all should reflect upon with Celtic’s latest financial statements.
What we see before us are politics come good. That’s right, politics. Conservative politics. You see despite the somewhat revolutionary whiff of the Hegelian underdog that we come across more times than want on here, we simply are what you would call a conservative and traditional football club.
We are not in any way associated with disruptive ideology, rebellion or cultural insolence.
Despite a deep rooted yearning to be identified as ‘the establishment’, our old foes Rangers, were in fact the antithesis of it. Establishment means conformity and respect, not revolution and theft. They got the politics wrong.
And we didn’t.
Uncomfortable with being labelled a conservative club? A traditional establishment, loyal to the fiscal and political overlords of the nation?
Listen to Roger Scruton… “Conservatism is a philosophy of inheritance and stewardship; it does not squander resources, but strives to enhance them and pass them on”
Put Rangers old and new in one scale and Celtic in the other. Let the hand of Justice weigh up that statement and sure as heck there is only one club that has not squandered the hard fought and sacrificial inheritance passed down from our forefathers.
There is only one club that has understood exactly what it means to be a steward and stood firm, despite the years of antagonism and criticism from its own, whilst the cheats wilfully defrauded and undermined the game and the nation.
What club has not squandered its resources but patiently through thick and thin, enhanced them and has passed on the baton to our generation?
Welcome to Celtic. Welcome to Conservatism.
The Bank of Celtic has a ring to it mind you. Maybe that nutter on Hun Media was right after all.
BIG PEAT OF ISLAY✝ on 6TH FEBRUARY 2017 11:04 PM
Thought provoking.
Very much in agreement with the thrust of your argument.
However , I would emphasise small “c” conservative to ensure the distinction from party political conservatism aka Toryism.
I take it that is what you meant ?
MACJAY1 FOR NEIL LENNON on 6TH FEBRUARY 2017 11:15 PM
However , I would emphasise small “c” conservative to ensure the distinction from party political conservatism aka Toryism.
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Yup.
Conservative political parties have retained remnants of ‘conservatism’ but have largely been blighted by neo-liberal economic theory and reactionism to the revolutionary ideologies of the left.
What we can see today, I would argue, and manifested in Brexit, Pres.Trump, is a natural swing back towards tradition and reclaiming of traditional cultural values. Neither of these two examples was about economics and that’s why the idiots who are arguing financially against Brexit are proving that indeed they are so far out of touch with the people that Brexit will be seen as the catalyst for cultural revival across the Western world.
The experiment is over. And I thank God for delivering us.
Are we getting alternative truth posts on here now?
ACGR – I’m very interested in the Lisbon sclafbaw. I’ll email shortly and we can stay in the sclafbaw loop.
Slainte
Tony
Big Peat
Difficult to disagree with that but I’d add a conservative club founded in a socialist ethos which carries strongly through in it’s very being.
MWD
Torontony……………………………..affirmative.
HH
MOONBEAMSWD on 6TH FEBRUARY 2017 11:29 PM
Difficult to disagree with that but I’d add a conservative club founded in a socialist ethos which carries strongly through in it’s very being.
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Interesting but perhaps consider a nuance on it.
A conservative club founded in a communitarian ethos rather than a socialist one. The big difference is that socialism embedded class ideology within its philosophy, whilst communitarianism is class blind but culturally alert.
I believe that our club’s founding fathers strove to overcome cultural alienation rather than class alienation. The Irish Catholics of Glasgow were despised because of who they were, not because they were poor workers.
The proof of that remains unfortunately before us.
ACGR – email sent!
Slainte
Tony
BIG PEAT OF ISLAY✝ on 6TH FEBRUARY 2017 11:24 PM
Yes.
In terms of local politics , the imminent defection of Cory Bernardi and the rise of One Nation underline the rejection of fuzzy conservatism.
Ironic that the push should have come from rustbelters in U.S. and from the traditional Labour heartland of Northern England.
Sadly , the push in Eastern Europe , and perhaps France , is heading too far away from reasonable conservatism
..
SETTING FREE THE BEARS FOR RES. 12 & OSCAR KNOX on 6TH FEBRUARY 2017 10:32 PM
More disturbing evidence about how to create a post-truth story. From the same source that brought us the pizzagate Washington Democrats paedophile ring
more post-truth nonsense
..
SFTB..
Surely You get it that it’s just a New Online http://www.com of the old Chinese Whispers or similar to Urban Myths..
For every Pizzagate I reckon their could be a Anthony Hamilton as a Result..
Dunblane had Similarities to Sydney Siege’s Man Monis IMO..
Summa
I am not quite sure how our conservative board fits into the establishment given that the establishment wanted the club dead a few years back.
Additionally the many ways which the establishment has tried to prop up deidco suggests there is still one favoured club.
The actual running of the club has changed from a very conservative family and tradition based one to a slightly more progressive approach. However it still sees individuals profiting in a manner that is out of keeping with the foundations of the club.
MACJAY1 FOR NEIL LENNON on 6TH FEBRUARY 2017 11:37 PM
It’s expected to have to witness a strong (over) reaction against liberalism but I expect it to correct itself in equilibrium.
The elephant in the house is political correctness. Politicians have allowed themselves to be held-up by liberal gangsters for decades and we are witnessing the reality of social perversion framing real-time political frameworks…. think gender ideology, open borders, rights based everything.
The world has forgotten that their are only men and women, nation states and a thing called merit.
A LIGHT INSANITY on 6TH FEBRUARY 2017 11:41 PM
I am not quite sure how our conservative board fits into the establishment given that the establishment wanted the club dead a few years back.
Additionally the many ways which the establishment has tried to prop up deidco suggests there is still one favoured club.
The actual running of the club has changed from a very conservative family and tradition based one to a slightly more progressive approach. However it still sees individuals profiting in a manner that is out of keeping with the foundations of the club.
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Players are indeed paid ridiculous amounts.
small C catholic club.
plc’s should be run as profit making organisations.
catholic in the universal meaning.
A LIGHT INSANITY on 6TH FEBRUARY 2017 11:41 PM
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Celtic is now the establishment in football terms. They are the tax-paying, rule adhering champions which doffs it’s hat to Hector and Albion alike. I’m happy with that.
Culture is resilient; all forms of it. Despite the unmasking of fraud and deception, their is widespread cognitive dissonance in Scotland. On the one hand they know that Rangers are finished as a force yet at the same time they simultaneously hold onto the contradictory belief that they are the peepul. And it will take a good while to see the back of it. Ten in a row will help its dissolution.
its gonnae be a long night for those in the very north, get back in the burras,
the aussie mel gibsonists are coming,
off till dawn and safety.
Yes that is true players are paid too much. Your pithy retort is awe inspiring… no maybe it is not.
Social liberalism is alive and well Pete. What we have seen is a gentle step from the middle ground to the inside right. Like everything else it’s cyclical, people get fed up with one set of ideas and buy into something else. It remains to be seen how it will play out.
And aye. Players are paid unwarranted salaries.