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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498 Comments

  1. Have to disagree Rock Tree bhoy

     

     

    Trolls will be trolls,politics only,team narrative,right wing scum,fake and multi monikered,nothing to say of Celtic attempting to stifle chat, gets top of the league chat and positivity.always.

     

    You were answered the other night,no not the one you replied to,the one after,laid out as a troll for you to read of,never got a reply.

     

     

    Oh look wee bit bout Gio

     

    Hope so too.:-)

     

     

    JusthowBeige is here for politics only

  2. JHB

     

     

    How long did it take you to recover from the fact that Celtic showed a profit of £26m+?

     

    Tee hee

  3. !!BADA BING!! on 12TH FEBRUARY 2022 5:20 PM

     

    First foul on Ramsay will be a booking

     

     

    will be sine die

  4. If you could have 1, still playing, ex Celt (van Dyke and Tierney excepted) in the Ange team…who would it be and why?

     

     

    Mine would be….Laxalt…. Not the best defender but by fook he could run like a hare

  5. 31003 on 12th February 2022 6:21 pm

     

     

    If you could have 1, still playing, ex Celt (van Dyke and Tierney excepted) in the Ange team…who would it be and why?

     

     

    Mine would be….Laxalt…. Not the best defender but by fook he could run like a hare

     

     

    ……………………………………………………………………………………………

     

     

    At their best or how they are now?

  6. THE_HUDDLE

     

     

    Laxalt was the first “inverted” full back I witnessed. Way before Anges time. He was all over the pitch…intentional or not.😃

  7. Am I pleased that addidas are our strip supplier.

     

     

    1974…..Robert’s Stores Glasgow Cross

     

     

    store attendant “Are you sure you want every addidas t shirt we sell sir, in every colour except blue?”

     

    Me “Yes”

  8. 31003

     

    Terry shoes, Levi’s and Ben Sherman shirt with button down collar – with my name sewn inside – just in case.

  9. Man City are very pleasing on the eye……but if I moved to Manchester…….I’d support…….Celtic

  10. Gene on 12th February 2022 7:00 pm

     

     

    Amazing what talent you can assemble for £500m

     

    ——–

     

    Man U begs to differ :O)

  11. Anyway, looking forward to seeing the Bhoys the morra. Crap time for all those travelling from afar. I’m just a few miles away frae the Holy Ground of Celtic Park at the mo.

     

     

    Driving to Portsmouth is not wan I’d advise in the Alan Minter.

  12. As soon as a wing back stops…then recycles the ball…it allows the opposing team to regroup. If a pass is not on for said wing back, option b should always be to drive to the bye line. Does my box in when they see the only option is to recycle back to the centre half’s…

  13. What is the Starz on 12th February 2022 6:52 pm

     

     

    If Scales doesn’t start tomorrow I will get into a big big huff.

     

     

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

     

     

    Have No Fear in Ones predictions, 16 Roads is a Horsey dude, If Liam disnae start I’d be astonished of COYBIG!!!!

  14. garygillespieshamstring on

    31003

     

     

    To be fair, I wouldn’t have wanted to play golf with the Rev. Jimmy Currie either.

     

    Another bitter wee bluenose if my memory serves.