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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FESS19
A golfing friend of mine asked me if I wanted to make up a four ball.
“Who’s playing? I asked
“Oh, Joe Bloggs and the Rev J Currie” he replied
“Fuck right off” I replied
Wrong guy
It was Michael McCurry
…..the infamous….
Heading to a magic show in a wee theatre in Indiana later today. Excited.
Just dipped in to catch up on the far right politics and name calling on my favorite fitba blog.
Said nobody, ever!
That happens to me a lot when I’m dining out at the local Indian restaurant
…always getting my currys mixed up…
Hart
Greg
Carl
Ccv
Josip
Calmac
Life o
Hetate
Jota
Maeda
Gio/abada
================
3sy
Am sure there was a hun video of the right reverend Mike curry givin his honest view kicking about
HH
…think mixed currys are called a Taka Dahl (sp)
watching the rugby, can you ever imagine a football referee being miked up and talking over his game management
“penalty to rangers”
“tav go low left keeper never saves them”
“offside kyogo”
“on you go alfie”
AT…the golfing friend I was referring to KNEW what my answer would be before he asked….I think he wanted someone else to play in the first place before asking me
Saint Stivs
I’ve always said if our officials have nothing to hide they wouldn’t object to being miked up…it’ll never happen
Guys
Brilliant football scran
Chicken pakora from ALDIs
Cheap as chips but tasty as fook
The sauce is tremendous
Thank me later…
GBPL
————–
Celtic are in line for a cash windfall if former star Kieran Tierney joins Real Madrid in a money-spinning switch this summer.
The 24-year-old has turned heads with Arsenal since a £25m transfer in 2019, and his form in the English Premier League has put him on the radar of one of the world’s biggest clubs.
ADVERTISING
And it’s set to be good news for Premiership leaders Celtic, who retain a 15 per cent sell-on fee in a player who would likely cost in excess of £50m. That would net his former club a fee of around £7.5m.
It would be another potential financial boost from player trading for the Parkhead side who announced profits of £27.6m on Friday, a figure underpinned by the sales of Odsonne Edouard and Kris Ajer.
Forshaw of Leeds Utd
A midfield brute (bastard)
The only player missing for us. If we had him or someone similar we’d be UNBEATABLE
Everton’s first half pace has understandably dropped. Leeds coming back into this game
If it is a 15% sell on clause it will be on profit only.
Sell at £50m…£25m profit…15% thereof…£3.75m
Still good business
Waste of space or what?
When we want Bankier to come out with guns blazing when Celtic are attacked by the SPL/Huns/MSM he is to be found hiding behind the couch!
Yet, when Celtic produce some exceptional accounts, he produces a back-slapping report longer than War and Peace!
A charlatan par excellence!
Hail! Hail!
Terrymac
Scotland lose the egg chasing 20 17 to Wales.
LEFTCLICKTIC
As soon as Scotland were installed as favourites I knew they’d be puhumped
Scotland…in any sport…always fare better when they’re plucky underdogs
Scotland v Peru
Scotland v Iran
Scotland v Holland
“And if you use the first letter of each countries name and make a word it sums up Scotland’s performance in the finals…PISH”
Can’t remember who came up with that gem…but it was funny
SCEPTICAL CITIZEN on 12TH FEBRUARY 2022 2:51 PM
…………
You should change your Moniker to ” SEPTRIC CITIZEN”, as you really are a despicable life form.
Tell you what though….since I started posting about FOOTBALL, the politics have stopped
Hands up for 3sy
SEPTIC CITIZEN…not Steptric…excuse my fat fingers.
Everton coasting now
SEPTIC Citizen..
Your NO RIGHT in the HEID !
Johnjo Kenny playing well
Glass close to getting his Harry Potters
3sy
On behalf of the 25,000 who waved aff ti “get a medal”,insanely jealous of all them chrysler avenger adverts they were making 😁 wage thiefs 😁pish they were🤣
HH
AT
I remember Vauxhall promised all the squad a brand new Vauxhall top of the range Ventura?? If they qualified. Nice 4 seat saloon and not cheap. Upon qualification, the squad received their cars only to be told they were theirs for “One Year Only” with an option to buy.
Absolute con by GM and tons of advertising for peanuts
If hatate’s unfit, I’m a bottom feeding benthic blob!
First foul on Ramsay will be a booking
!!Bada Bing!! on 12th February 2022 5:20 pm
First foul on Ramsay will be a booking
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
You called it with the Man U kid right and like you, I expect Ramsey to get uber protection in Every League game as well as this 1.
Napoli – Inter game is the one I’ve got on.
JHB on 12TH FEBRUARY 2022 10:19 AM
“ERNIE LYNCH, the most hated man on the blog” – what a terrible thing to say. Do we actually hate other Celtic supporters on CQN.
______________________________
Have to agree – what a thing to say about any regular poster – this place gets worse by the day.
I’m convinced certain posters are coming on here just to just to see who is getting it – and then join in.
Any way Saturday night – off to the pub – hope big Gio G gets a few goals tomorrow – he needs them for his confidence.
1 booking in the first half. o_0
Napoli dominant. Koulibaly gives them so much with his pace @ the back. BOBO.CSC
This game is likely to spiral out of control in the 2nd half.
Just back from Vale park 0-0 , neither side did enough to win it – both toothless in front of goal – neither keeper had to make a save. Northampton will be happy with the point.
I do hope that Jullien is in the squad tomorrow. He needs to show fitness whether he figures in our long-term plans, or, not. If not there tomorrow, then surely questions must be asked.
The accounts show that the money is available if we want to sign Jota & CCV, that said, it may be the chance to play in the CL that is the key, more so in the case of Jota, than CCV, I suspect. A good season for Jota and being a league winner, might prompt Benfica to make him an offer to stay, if of course Celtic have a cast-iron option to buy. I hope, like everyone else, that we can do both deals.
There is just a word of warning in the summation of the interim accounts regarding an expected loss in the second six months – this is understandable, however a annual profit around £15m should be achievable.
Undoubtedly the club is well-run – just a pity that the players let us down so badly last season – if not, we could be heading for 11iar…..but probably without Ange – now there’s a thought!!!!