Celtic released their interim financial statement for the six months to 31 December 2023 this afternoon. They will doubtlessly stun and frustrate you in equal measure. Revenue for the first half of a season reached a new high of £85.2m (2022: £76.5m).
Pretax profit for the period was £30.302m, down slightly on the 2022 figure of £33.830m and remember, Celtic are one of the clubs who pay their taxes, so worth recording the after-tax figure is £22.68m.
Our amortisation figure for the six month period was almost dead level with the previous year at just north of £6m. You’ll know what amortisation is, so CQN would never bore you explaining that one. The sale of Jota was included in last year’s accounts, so the player sales figure from 1 July was £2.591m. Cash in the bank at the end of the calendar year was an astonishing £67.327m, up £7m on a year earlier.
All that money and two points behind in the table is the elephant in the document. Chairman Peter Lawwell noted his disappointment at the lack of significant transfer business done during the January window:
“The Board’s commitment is to strengthen and improve the playing squad in every transfer window and although resources were available, we were unable to further add to the squad due to the unavailability of identified targets.
“This was disappointing to us all, and never the intention. The January transfer window is notoriously difficult as clubs are very reluctant to let their best players go at such a crucial time of the season just as we are. Indeed, we resisted strong interest in our players from other clubs.”
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without the business performing, there would be no football club, capiche ?
SFTB
The tin foil brigade will jump to the conclusion they want.
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Beware incoming from 418.
PETERLATCHFORDSBELLY on 23RD FEBRUARY 2024 7:26 PM
tedious, dont read it, the answer is right there for you. scroll on bye.
When you remove the emotional feelings…
To coin a phrase, dearie me.
Remove the emotional feelings and the business us dead. Remove the emotional feelings and which rational economic actor donates hundreds of quid on nowt during the Covid season?
No-one thinks you’re Mark Lawwell, least of all me.
checks notes –
cqn was founded to allow celtic supporters to discuss the finances of the club.
“where has all the seville money gone ?”
Surpirsie surprise there is no surprise, well apart from the chairman who said they were disappointed to not be able to do more business in January ffs give that guy a pure genius. They all need chased.
https://www.youtube.com/watch?v=YyHBIzB0Oy8
The business’s performance ain’t helping football performance. Capire?
I suspect few will be interested at this time (understandably) but I made a promise to myself to pick up on the coefficient malarkey for season 25/26 after the European competitions restarted.
Automatic qualification into the Champions League was possible but not likely before.
IMHO, this week’s events have moved unlikely to improbable.
To recap – we (Scotland) need to hold off the Czech Republic.
We have Sevco left. They have three clubs.
One of them, Sparta Prague, papped Galatasaray out last night.
They’ll likely lose to Liverpool in the next round but they won some more points and the damage is done.
Equally – I hoped Sevco would advance one more round.
More coefficient points for the cause. More balls to juggle in the run in.
They still might … but Benfica are tough.
Chances?
Slim. We need three Czech teams sent packing with barely even a leg victory between them plus Sevco beating Benfica.
Tall order.
removing the “emotional” is what analysing a business is about.
taught to us in ibm, take the emotion out of the decision making, and analyse what is right for the business.
try it.
the wrongly attributed quote to einstein about doing the same thiing and expecting a different outcome ,
that is what is wrong with the supporter base, they will renew and continually spend regardless.
PLFB, ONIL, are you renewing your season cards ? anther £600 to support the PLC,
some might call it an emotional investment, like Dermo.
https://www.youtube.com/watch?v=sgCMA5AatLA
https://www.youtube.com/watch?v=UCk5TsAJsXU
PS – funny how time changes things.
When I first posted this mince back in November, Celtic were in a good position for the league title and automatical CL qualification next season.
Hmm.
Still hopeful.
https://www.youtube.com/watch?v=UIcLo7WHoZo
Funny, I thought it was created as an alternative to lazy (football) journalism.
P67’s blogs are remarkably football-centric given his founding mission.
Been great chatting as always. I’m off to read today’s FT. 👍
https://www.youtube.com/watch?v=2tUb8ypjMM8
https://www.youtube.com/watch?v=S2XQdkvNQqw
So is that the most important thing for you that folk don’t know the chairman’s role, big deal we aren’t all corporate bigwigs, but I will tell you something and any other board apologist this is a worse team than the covid team, it has been loaded with young players who shouldn’t be at Celtic and yet we are expecting this team to win a double, next season what, trust the same team of execs and neds to get the club unified with the support, that somehow lawwell will leave that his son will discover a midas touch for signings really in what universe, have any shown any inclination to speak to the support, all this needs sorted now not in June when the euros are on, if not good luck selling season tickets the club will need the money in the bank for tarpaulins.
DESSYBHOY on 23RD FEBRUARY 2024 7:46 PM
will you renew your season card ?
BMCUWP is very much a loss on here.
If I remember correctly he didn’t flounce.
PETERLATCHFORDSBELLY on 23RD FEBRUARY 2024 7:39 PM
Funny, I thought it was created as an alternative to lazy (football) journalism.
P67’s blogs are remarkably football-centric given his founding mission.
Been great chatting as always. I’m off to read today’s FT. 👍
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will you renew your season card ?
St Stivs
Have you ever owned/ran a business?
.
None of your business
LETS ALL DO THE HUDDLE on 23RD FEBRUARY 2024 6:39 PM
If we want to become champions again. we need to submit a £100m bid to sign Taylor Swift
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will she be a left back replacement for Taylor
VG- I have been and will be avoiding posting here, to the delight of some,but that was very funny, the Board Placemen,and their ‘associates ‘ will keep telling you ,everything is fine HH
that will be a yes then.
If anyone thinks that a multi millionaire in charge of £67m in a bank account isn’t looking at a way to get his hands on it is more naive than anyone could imagine
SAINT STIVS on 23RD FEBRUARY 2024 8:00 PM
that will be a yes then.
Was that an answer to my question
Dipped your toe St Stivs?
Mischievously I am going to dive in.
If Celtic are ever relegated, will you still roll up to Paradise?
I honestly can’t say for absolute certain … but I’d like to think I would.
STIVS still thinking you’re being clever. 🤷🏻♂️
Unbelievable that so many apparently educated people refuse to buckle.
Well played 😉
Just watching Leeds Vs Leicester
Corner Leicester, goal
My biggest complaint against BR is not merely the truly awful approach (minimise touches in the opposite box by passing the ball around and around the box), but our sickening waste of set pieces. Bad pub teams can score more from corners than us,but we can’t even hit the target from a 20 yard free. The cheats have tav who scores loads of frees.
Even pens FFS!
Br s got no tactics that increase goal chances, but are v v clearly the opposite.
Except when opposing teams get corners (RC, Motherwell, etc), then his tactics like what ever he asks our defense to do, then goal chance increase for our massively inferior (in terms of balance sheets) opponents.
In particular I was amazed at McInnes trolling br after last week.
He essentially called br a dxxk.
If br gives a fxxk it might help us.
I don’t think he does tbh
“We tried but nobody wanted our money “ is so yesterday.
There were available targets, evidence suggests that maybe we should be grateful that the ones ‘identified’, wouldn’t come. Losing the title to Rainjurz was careless losing this one to Sevco would be unforgivable. The mere fact that a club started is 2012 is now a ‘deadly’ rival swings the locus ever inwards and rude health doesn’t cover brass ball arrogance.
They put the price of season tickets up annually without batting an eyelid, and leave fit for purpose catering, amenities, hot running water, WiFi technology, the fan survey, somewhere out there also was it just unavailable?
The more things change, the more they stay the same at Celtic, progress once flew in from Canada now it’s all trapped in the bank. Down and dirty trading punches with a toxic Sevco, backtracking from one appointment to the next, Scott Brown could be next up for the Celtic chopping board, we like to keep things in house, someone has his mobile number.
What situational irony, could come up with a Celtic balance sheet of sixty seven?
Root and branch CSC
BSR
With such a surplus in cash Shirley they will not increase next seasons ST prices 🤔🙄
Test
A £2 reduction in season ticket prices would cost Dermot almost £2m…..that’s the equivalent of someone’s bonus…ain’t happenin. …expect an increase…we have to cover costs
We have a long history of leadership incompetency. If the huge gamble, by our risk-averse board (at a time of huge financial superiority), leads to us losing the league, it tops the lot.
SFTB
Any thoughts or theories as to why so many excess deaths, amongst young people in particular, since Covid ?
It’s astonishing to me the extent the media now go to in order to not mention cause of death up front for anyone famous but the stats overall don’t lie.
6.8% above normal expected death rates with heart related deaths up by 9.7% for 31-60 year olds. That is a huge number for peace time. Incremental or excess deaths.
What would help us all understand is how many of these were jabbed and by which untested / unproven jab ?
We all saw clearly the absolute bullshit about following the science which we were told to believe and of course with the like of Jason Leitch hiding his WhatsApp messages deliberately and the disdain these folks showed the population I am amazed that folks are not up in arms.
Even more so anyone fit and healthy under 40 who was forced / coerced to take an unproven jab for no reason at all just to enjoy basic freedom to go out to the football or dancing. These folks should surely be concerned I would have thought. Or at least now given the real facts.
Whether anyone believes in the jabs or not surely the points above need to be looked at ?
SAINT STIVS on 23RD FEBRUARY 2024 7:28 PM
without the business performing, there would be no football club, capiche ?
It’s almost a chicken and an egg question.
Without the football club there is no business.
In my opinion, the business is there to support the football club. The club itself generates income via tickets but the business side generates other revenues such as sponsorship and merchandising.
It could be debated however that those sums would not be as high if the team did not have such a large following.
Without the football club surely there is no business.
Perhaps that is what the board want: a business that doesn’t have a club attached to it. They can charge season ticket money, sell sponsorship etc but have non of those pesky players to worry about and the best thing is they can continue to bonus themselves into oblivion.