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Celtic spectacular interims

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By on CQN BLOG & Comments

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. Turkeybhoy on

    So,now we have 2 ex EPL Refs saying Jotas goal was fine.Willie Miller said it was fine,but going on 3 days now,still being called controversial by the Media.

     

    Luvvin their Tears and Pain.

  3. scullybhoy on

    neilbhoy on 11th February 2022 10:00 pm

     

     

    Ask Ernie to meet you at a game and he will be nowhere to be seen. Think about it.

     

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

     

     

    Just look for the pre match huddle with JBH under the Union Jack

  5. hairlikespaghetti on

    CORKCELT on 11TH FEBRUARY 2022 7:42 PM

     

    Ernie, You really are a nasty person.

     

     

    Do you not get the message, nobody here wants to talk about Goodwillie.

     

     

    Corkcelt, no argument from me with your first point, a repulsive stain on the blog.

     

     

    However, re DG, clearly our revered host has no qualms about profiting in his own little way from a pointless, spiteful and nasty debate of his own making, a real low point on CQN and an article/exchange that most would prefer had never happened….

  7. corkcelt on

    For anyone with any interest in egg chasing,

     

    Under 20s playing tonight & Italy beat England, they will have some party tonight.

     

    Ireland beat France away by a point with try & conversion in last 30 seconds.

     

    Unfortunately Wales beat Scotland.

  8. An Tearmann on

    Neilbhoy

     

     

    None of them go near Celtic

     

    Must be the top o the league thing

     

    Shut yir eyes.yi can smell that fear

     

    Cannae be the accounts as most huns I know paused at the tens column learning sums :-)

     

    That fear makes me want a chianti

     

    :-))

     

    HH

     

     

    LectorCsc

  9. itscalledthemalvinas on

    Celtic should have waited till Monday to release those financial figures. After all, the 14th of February is the tenth anniversary of “raingers” beginning their liquidation journey.

     

    They know that we know the truth.

     

    Happy Mondays !

  10. Turkeybhoy on

    Fantastic figures.WHEN we win this league,what a boost to the ,dare I use the Hun word,Warchest.If they want to stay,CCV and Jota,not a problem.

     

    Futures Green and White.

  12. What is the Starz on

    Dermot Gallagher ( ex EPL ref) is a massive Tim..in his analysis he always favours Celtic. Spent an evening in his company several years ago. Nice Guy…big Celtic fan

  13. What is the Starz on

    Certainly never objective. He knows the hun ref agenda in Scotland and will always counter balance by a pro Celtic analysis

  24. Sionnaigh on

    Anniversary, 12th Febuary, 1976. Oglaigh Frank Stagg was a Irish Republican Army volunteer from County Mayo, Ireland who died in 1976 in Wakefield Prison, West Yorkshire, England after 62 days on hunger strike. Stagg was one of 22 Irish republicans to die on hunger strike in the 20th century, the largest strike was the 1923 Irish Hunger Strikes.

     

    “Michael Gaughan and Frank Stagg come home.”

     

    https://www.youtube.com/watch?v=qgpEjarDFfg&ab_channel=Shelkybean

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