Celtic released their financial results for the year to 30 June 2014 this afternoon. The club remained profitable to the tune of £11.17m (2013: £9.74m) despite a 14$ drop in revenue to £64.74m. The net cash position at the end of the year was hardly changed from the previous year at £3.83m.
Football and stadium revenue was down £4.4m, which correlates almost exactly to the £100 reduction in season ticket process for around 40,000 seats, but the biggest hit was to Multimedia and Commercial Activities, which were down £5.21m. The bulk of this fall will be explained by finishing fourth in the Champions League group stage, instead of processing to the knock out stage, as we did in season 2012-13.
Celtic opened a new borrowing facility with the Co-op Bank two weeks ago to replace their existing facilities. The club have a £6m overdraft (at base plus 1%) and £14.4m of long-term loans.
This high watermark will not be reached this season as revenue will struggle to reach £55m but it’s clear the club can support the current cost structure without needing to pair back. The project for now is to get revenue back over £70 next season, and for that we’ll need to be better prepared come Champions League qualification time.
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I should add without actually taking any money away from the rich, maintaining the status quo.
BCW
” wrong as usual ”
More patronising rudeness
And off to The Park we go…
Celtic by 2. Enjoy!
Yes.
Macjay1 so can I add climate change deniers to the list? It sort of debunks the water is a precious resource argument though if water is t going to become so precious? So water isn’t precious then or how would you like to argue it so it all looks great for Scotland?
Anyways.
I’m off to the game.
I’ll leave you to the futility of changing other’s minds, whilst trying to scare and insult.
PF can you interpret the post as you seem keen to state what’s in my mind thanks.
Broonie leads the boys into Paradise.
Pf
Are you trying to be ironic?
bournesouprecipe – the Guy Fawkes look is making a comeback. (thumbsup)
Philvis..,
People can have experience and be correct too, and I believe Keiser has been correct more than he has been wrong, he also follows up investigations, example the privatisation of the post office scam, where he advises vince cable to follow bankrupt bankers example and jump from a building. As to the Secretary of State of America and the misery he’s caused I think a fatwa is a good idea.
BIGNAN……
I always value your opinion….
I seriously didn’t know Salmond was a Freemason…..
It isn’t obvious to me.
One of my greatest ever friends was a Freemason,he was a wonderful human being and only got involved because it was expected of him,from his family,from a very young age.
It led to a few heated exchanges between us when we had too many beers,but he was a very intelligent man and stood his ground in many arguments.
He didn’t hate much in life, but hated Orangemen…….not all Freemasons do.
It was the only thing in his life I ever disagreed with……
4 years on, I still miss him terribly…….
ACGR
See you after.
Eddie
Aye see ya soon
Bob I baldy.
Sorry what are you talking about? Bankers bonus has been changed but not enough, top rate taxpayers? TV licence?? What’s your point? I could add another to the list though.
Scotland will be focused on wealth redistribution to form a fairer society even though it’s recent track record of freezing council tax was highly regressive and it never raised income tax despite having the power to do so.
Neganon….
Sorry mate….
I did NOT call for independence…..
Up to you guys really……I don’t have a vote…..I’m a democrat…..you guys decide
Re guy fawkes
nucleur weapons being driven through our streets equivalent to 42 hiroshima bombs are a bigger threat to our country than anything, including our precious water.
NegAnon2
11:33 on
13 September, 2014
Macjay1 so can I add climate change deniers to the list? It sort of debunks the water is a precious resource argument though if water is t going to become so precious? So water isn’t precious then or how would you like to argue it so it all looks great for Scotland?
———————————————————————————————————————-
Mate
This is what I said:
No argument about Scotland and water.
No argument about rainfall levels.
Simply disagree about “global warming”, that`s all.
Climate agnostic.That`s me.
Deary deary me
65 mins till K.O
Can we please talk football and stop the insults till aboooooooooot 14:45 please
notmuchtoaskCSC.
And on that bombshell
I’m oot…
Is there team news yet?
Broonie led them off the bus
Bsr
You must have been standing next to me as broony stepped off the bus
Didn’t notice VVD
Celtic Football Club@celticfc · 4s
Celtic team to play Aberdeen: Gordon, Izaguirre, van Dijk, Denayer, Ambrose; Brown, Johansen; McGregor, Commons, Tonev; Scepovic (MD)
Tonev and Scepovic start
Broony is back. Good. Will be needed in Salzburg
Celtic subs: Zaluska, Bitton, Guidetti, Stokes, Wakaso, Kayal, O’Connell (MD)
Wakaso and Guidetti on the bench
Jeez, Brown and Johansen both centre midfield, possession football today I’d guess :o)
Leftclicktic
Tonev in from the start …surprised with that
I’m concerned that we might be a bit light in midfield
Berget and Griffiths out of the squad entirely. Injuries perhaps?
Scott Brown is back……
Great…..he is the heartbeat of Celtic……
Seriously under rated player by many Celtic fans in my opinion…..
Would cut the mustard in the EPL…..no problem
Thankfully he is a Homebhoy
Philvis – I don’t understand why Scotland is automatically out of the EU if it votes for independence from the rest of the UK.
I know that various eurocrats have said that is the case but my question is why? What precedence is he referring to? Which article of the EU Constitution or which treaty are they referring to? Or are they just stating their opinion? Scotland is not voting to leave the EU, so is it not possible for it to re-negotiate its position from inside, as Harold Wilson did 40 years ago and as David Cameron is seeking to do now? Sorry for all the question marks.
If barry Robson’s out for the Dons, we’ll romp this.
No Leigh Griffiths?
That`s a mistake.
Unless,of course………..
I hope somebody`s done the introductions.
the glorious balance sheet
11:50 on 13 September, 2014
Berget and Griffiths out of the squad entirely. Injuries perhaps?
==============================
Lee’s hungover and shagged out after the international break weekender and Berget failed a late hairstyle test.
A really exciting line-up. Welcome back Broony \o/
new strike force, excellent!
not that i know much about them, but at the moment ‘new’ is ‘good’ when it comes to our strike force
oh, and when the new article comes up at 12.15, it should be football only, it would be good if the CQNers who are in edinburgh today can just read the game updates without feeling the need to update us on how their day is going
hail, hail
Tam you’re better than that amigo!
Phyllis..,
Scotland becomes a new sovereign state and as such holds no debt or international standing.
10,000 Orange Order marchers, a Hibs home game and Farage allegedly arriving in Edinburgh? The perfect storm.
After a yes vote is the UK automatically still in EU?
Latvian foreign minister doesn’t think so.
Last political post today. Honest :)