Celtic spectacular interims

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Celtic’s revenue bounced back from the year without fans in the six months to 31 December 2021.  Income was up almost 30% to £52.9m, only £8m below the full year earnings to 30 June 2021.  The club reported a £7m trading profit before intangibles in the interims, released this evening.  But wait for it……… Add in the profit from player sales of £25.9m and you get a pre-tax profit £27.6m (intangibles, like amortisation are deducted before the pre-tax position)!

Player acquisitions during the period totalled £16.8m, which will push our running annual amortisation charge up a tad from it’s trend of £13m.

Cash in the bank on 30 June was £25.6m, which goes some way to explaining the splurge of signings we have enjoyed in the intervening period.

Manage your assets

The first take away for me is the contrast between our £25.8m earned in player sales to the £1.0m earned in the corresponding period a year earlier.  We kept Edouard, Ajer and Co. in order to chase another milestone.  Player trading is where it’s at.  Sure, it is risky, do not expect the kind of value and performance we have seen in the last two windows forever, but we trade or we fail.  I remember the good old days on here, when managing your assets was a controversial aim.

Win the league

The second observation is that this was a season with Europa League football.  Imagine, for a second, we got to the Champions League next season.  The possibilities are really quite interesting!

 

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  1. Watching the girls game.The sooner they get them off that fekin plastic pitch,the better.The girls just can’t play on it.Too quick,too bouncy.The pro men find it difficult.

     

    Anyway 1-1 HT.Huns girls playing better

  2. Would Paul Hartley, currently at Cove not be a shout from for the sheep ?

     

     

    Done well at Alloa, and getting decent reviews at Cove

  3. a random for today,

     

     

    which english football club once played in green and white hoops ?

     

     

    AND WHICH TWO SCOTTISH CLUBS DONNED THE HOOPS BEFORE CELTIC DID ?

  4. Delighted that dick, Campbell has bin dumped out courtesy of wee Shaun’s mob.

     

    Yon be-capped bunnet epitomises many of the worst traits o’ scoddish fitba.

  5. Aberdeen made a big mistake in giving Glass the job in the first place . He had done nothing of note.

     

    Calum Davidson deserves a chance at a bigger club

  6. Grand Blog this morning, loved the Joe Ledley interview, looking forward with interest to Team Selection.

     

    I expect,

     

    Bain, Ralston, CCV Welsh, Scales, CalMac Riley, McCarthy, Jota, Gio & Abada.

  7. All of the teams wearing hoops are in minor leagues – the first one, Alsager Celtic are about 10 miles from me – where the main team is Alsager Town

  8. AZ Alkmaar continue to improve. Now into 4th in Eredivisie.

     

    Trippier with second direct free kick goal in a few days. Have we had 2 this season?

  9. Julien and Mccarthy on the bench.

     

    These 2 badly need minutes and would be an asset to the team going forward

  10. Hart, Scales, Welsh, Carter-Vickers, Ralston, Bitton, Forrest, Hatate, Rogic, Johnston, Giakoumakis.

     

     

    Subs: Barkas, Bain, Jullien, Taylor, Abada, McCarthy, Jota, Ideguchi, Maeda, McGregor, Doak.

     

     

    In Ange We Trust

  11. bigrailroadblues on

    Good afternoon all from Govanhill. A night oot at the Glen’s club with AT and VP? I’m in! Gerrintaethum Celtic!!!!

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