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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CQN Coupon picks for Saturday 13th September if you fancy a punt:
Lennybhoy – Wolves
TTT – Cheltenham
Blantyretim – Bournemouth
Pogmathonyahun – Plymouth
Greenlion2 – Kilmarnock
Jobo Balde – Dundee United
Pfayr – Preston
AWATR – Sheffield United
Keep the Faith!
Hail Hail!
Section 111 open again for next weeks match against murderwell.
NegAnon
Well we can lose being tied to war-loving govenments -Labour as bad as the tories.
We can lose trident .A weapon that even the UK cant use. The firing codes are held by the US. We can start to lose or kick-out the British class-system. etc etc etc.
Everything will be better.
NegAnon2
19:34 on
12 September, 2014
I have every respect for those holding differnt views from mine. And come friday if is a NO VOTE then so be it.
If I recall correctly over a year ago, Better Together was making noises about a second referendum should things go against it.
What I will not wear is people like Murphy trying to distance himself from people that in this particular issue he is clearly in bed with.
How sad is it that some amongst us on a Celtic site think that the way to react to the death of a man who was a life-long bigot is to prove that WE are also bigots ?
Ian Paisley is dead.
May he rest in peace.
Ernie Lynch
Good reply! My father is of the same opinion.
Me, I like to think things have changed for the better where that’s concerned. If there are still anti-Catholic elements within Scottish Nationalism, I say let’s challenge them head on. We will defeat them. This is our time.
There is no possibility of reasoning with the OO. They would rather burn our homes down.
Hail Hail
Kilbowie Kelt will vote YES
19:41 on
12 September, 2014
How sad is it that some amongst us on a Celtic site think that the way to react to the death of a man who was a life-long bigot is to prove that WE are also bigots ?
Ian Paisley is dead.
May he rest in peace.
——————————————–
Earlier I searched for the words to convey this sentiment and couldn’t find them. You have summed up my thoughts very eloquently, sir.
Neganon
No point.
Kilbowie Kelt will vote YES
19:41 on
12 September, 2014
How sad is it that some amongst us on a Celtic site think that the way to react to the death of a man who was a life-long bigot is to prove that WE are also bigots ?
Ian Paisley is dead.
May he rest in peace.
Well said.
Weefra
As my old mum used to say .. Don’t argue with idiots as they will drag you down to their level then beat you with experience ;)
Catch ya at CQN corner where we can argue about the celts
NegAnon2:-
I know from previous posts that you are very concerned about religious discrimination/ sectarianism taking root in an independent Scotland. What do you think of this? There is an Orange Lodge inside the House of Commons made up of members who are serving MPs.
https://twitter.com/StewartMcDonald/status/510106431933382656/photo/1
Members of the UK Parliament use Parliament`s premises to hold the meetings and rituals of a vehemently anti-Catholic organisation.
And no one objects to this.
Better Together? When such a divisive hate-filled organisation is firmly entrenched in the UK Parliament, I think not.
Tgbs,
Going by that pic this referendum really will be a once in a lifetime opportunity.
5
tbj
Looking forward to it young yin. Lol. MON THE HOOPS RAMORRA. KTF.
Weefra HH praying to Wee Oscar.
sipsini 19:08 on
12 September, 2014
It’s going back the way, work them till they are of no use, then clean out their funds.
—
So true
We work longer and we pay taxes longer its a win win for Westminster’s finances
How do you sell such unpleasantness to the people
Easy
Tell the people they are all living longer
What I don’t like about that is, they cant tell you who personally is living longer
When is the referendum and what are the questions? Anyone know?
Off to pub
Syd,
I don’t know when it is but I believe it’s when a bunch of football officials all meet up to discuss the rules of the game :)
Independence will happen. Don’t know if it’ll be next week, hopefully so.
No matter what, it’ll happen.
Geordie Munro 1948:-
I`m as cynical as they come but even I am astounded of forehead that those bigots are allowed to openly practice their hate-filled rituals in the very heart of Parliament in 21st Century Britain.
the glorious balance sheet
19:47 on
12 September, 2014
NegAnon2:-
I know from previous posts that you are very concerned about religious discrimination/ sectarianism taking root in an independent Scotland. What do you think of this? There is an Orange Lodge inside the House of Commons made up of members who are serving MPs.
https://twitter.com/StewartMcDonald/status/510106431933382656/photo/1
Members of the UK Parliament use Parliament`s premises to hold the meetings and rituals of a vehemently anti-Catholic organisation.
And no one objects to this.
Better Together? When such a divisive hate-filled organisation is firmly entrenched in the UK Parliament, I think not.
Don’t be daft.
Don’t you know that OO is a cultural club that occassionaly hold folk (spelling optional) festivals.
syd
Brilliant. Lol.
Weefra HH praying to Wee Oscar.
Quonno
You just don’t get it do you?
The SNP would say anything to get people to vote yes
They have made promises to virtually every section of the Scottish population
Many of which are blatantly contradictory
Salmond is backed by many of the Edinburgh cabal that funded Minty and the rest which got the banks in to so much bother!
He is set to get Rupert Murdoch’s backing -he fell over himself to work with Donald Trump
Yet many here in the west think these guys are going to roll over for a new socialist dawn!
It would be funny if not so tragic!
HH
Ernie Lynch….
The marvellous Stevie Wonder has just opened a ‘ladies’ barber shop….
Apparently this change of career is not going well and the shop has the worst Brazilians since the World Cup semi v Germany.
the glorious balance sheet
19:52 on
12 September, 2014
Geordie Munro 1948:-
I`m as cynical as they come but even I am astounded of forehead that those bigots are allowed to openly practice their hate-filled rituals in the very heart of Parliament in 21st Century Britain.
Assuming that you live in UK, you could raise the matter with your MP.
MInd you I would guess that you will get body swerved.
Anybody want to talk Celtic?
Tgbs,
A horrible organisation I have no time for and not much interest in if I’m honest.
But I’m appalled to hear about one operating in Westminster paid for by my fair taxes.
The huns in good voice -rule brittania -born under a union-jack etc.
I dont vote the same as them.
BSR
Ah will……..even though I’m watchin the Sevco game :-)
croppybhoy
19:53 on
12 September, 2014
Quonno
You just don’t get it do you?
The SNP would say anything to get people to vote yes.
Could you supply an extensive list of politicians of any party who would not say anything to get votes?
The orange order are marching in Edinburgh tomorrow in support of a NO vote. Can we have assurance that in the event of a YES win that they will relocate down south!
bournesouprecipe
19:55 on
12 September, 2014
Anybody want to talk Celtic?
———————————-
Yes,
Any idea what the club’s stance is on the referendum? ;-)
bournesouprecipe
Aye whit’s happened tae Chas Mulgrew??
Ex commander in chief of the Ra (allegedly) waxing lyrical about his friendship with Ian Paisley.
What the hell do we know,ey?
Neganon2,
did you watch the link that CRC put up earlier,page 3 if I remember,
do you think the BBC have been fair in their reporting in the last couple of days
Bsr,
Let’s talk about sellik bay-bee
Let’s talk about you and me
Let’s talk about all the good things and the bad things that-may-be.
Let’s talk aboooowt sellik.
Saltnpeppa csc
syd negakev
Thursday I believe.
One of the questions will be…….Guess Ally McCoist’s weight and win a small Hebridean island.
Say YES to Steakbakes !
quonno
19:57 on
12 September, 2014
croppybhoy
19:53 on
12 September, 2014
Quonno
You just don’t get it do you?
The SNP would say anything to get people to vote yes.
Could you supply an extensive list of politicians of any party who would not say anything to get votes?
As I have said here before. In the world of politics never say never.
Twenty years ago, could you have seen Martin describing Ian as being his friend. Yep a seat at a cabinet table and a chaffeur can iron out almost any problem.