Celtic released accounts today for the year ending 30 June 2012, a season in which they won the league and exited Europe at the Europa League group stage. Turnover was down less than £1m at £51.34m but bank debt rose £2m to £2.77m despite a £7.37m loss (the difference between the increase in bank debt and the trading loss is due to the amortisation of player registrations, which hits the accounts evenly over the period of a player’s contract).
Football and stadium income dropped by £2m and merchandising dropped by £1m while multimedia and other commercial income rose almost £2m. Football and stadium operating costs rose by over £2m. The drop in stadium revenue and corresponding rise in costs are indicative of the wider economic pressures. Inflation is affecting Celtic’s costs and Celtic fans’ ability to spend with the club.
With debt sitting at around 5% of turnover and a significant uplift in income this season assured, the club is in remarkably rude health this far into an economic downturn. Champions League revenue this season should have a transformational effect on how Celtic can forward plan, potentially reversing that £7m loss.
Economic headwinds are likely to supress key ticket and merchandise revenue for the foreseeable future but Champions League revenues seem immune from these challenges. The primary plan for this season must be to qualify for the group stage of Europe’s top competition next season. Get there and we can continue to operate with the existing cost structures (and more) and still pay our taxes!
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Gus McPherson ….another Hun with a mike
This is soooooo embarrassing for all the bhuns you know………..LOL
67heaven
I won’t…. o))
Lilyhammer on BBC 4,or Doonhamers on BBC Alba…..mmmmmm
Gus McPherson …. Twat
The extra Leccy bill for the floodlights will wipe out any profit tonight for Sevco.Under 24,000 split 50/50.
I see the cardigan is in attendance at iborcs tonight…
Queens will get another red card here.
blantyre tim.thanks he is visiting in engarland and heading up hame the mora.say hello to ST SIMON’S on friday i was baptised there many years ago.ps know any MC’GUIRES from BLANTYRE.wee kit or big john.
GourockEmeraldBhoy
21:59 on
18 September, 2012
I see the cardigan is in attendance at iborcs tonight…
Hopefully to talk Sally off the window ledge.
Foul every minute …. QOS up for it , going at them
21 and 3qtr hours to go… Bedtime now so it comes quicker
67 Heaven
Language Timothy
MIB has worn his pencil oot tryin’ tae deplete the team wearin’ white at the Comedy Unit’s ground!!
!!Bada Bing!!
I can see the expences being fiddled, they are quite adept at the fiddling.
I seem to recall a charity game a few years ago, the charity only got 10k after expences, from a full house.
Could be a big upset in the Ramsdens Cup tonight.
A third division side have just taken a second division side to extra-time.
Mort
FavUncle
know John well…in fact I know two John McGuires…
I work in Anderston/Yorkhill..
St Simons tomorrow at 12.30..
!!bada bing!!
22:01 on 18 September, 2012
GourockEmeraldBhoy
21:59 on
18 September, 2012
I see the cardigan is in attendance at iborcs tonight…
Hopefully to talk Sally off the window ledge.
Lol…….
Queens 11 V traitors
Is it just me or does it look like the QOS fans outnumber the huns at this time of the proceedings.
GourockEmeraldBhoy-He will go if they get put out here.
Madrid – Di Maria magnificent
gene’s a bhoys name
22:01 on
18 September, 2012
Gaelic ….
wonkyradar
20:02 on
18 September, 2012
EARNING THE RIGHT by billmcmurdo
Also, it has to be said, they must develop a killer instinct and ruthless edge, like Ted Bunty when he forgets to take his medication. Brutally ruthless in the manner of the teams when Walter was there- he had that special talent for bringing out the potential hatred that was often untapped in many players before they came to Ibrox. He could make a decent guy a real sneaky cheat and a really sneaky cheat into a cut-throat sociopathic win-at-all-costs maniac in Royal Blue. That is why he is such a great manager.
Says it all really.
!!Bada Bing!!
We can’t let that happen we have to sponsor him to stay for 25 years!!
For all their bluster, it must be desperate to be a hun right now.
Chants of cheat, cheat, cheat! Have they just realised what they have done or was that to the ref?
Bada Bing
I hope not, he’s good value for entertainment.
Anyhow roll on tomorrow night, cannae wait to hear that music belting out.
HH
67 Heaven
Touche (French)
I hope Neil has let the Bhoys have a late night up watching this comedy,will relax them before bed.Ahead of the Champions League.
dixiebhoy69
Probably just a term to encourage their players in the same way as we might shout “attack” or “have a shot”.
Mort
Bada
Thanks for reminding me of the old nickname.
The ” doonhamers.”
blantyretim,yeah i always read your posts because you mentioned ST SIMONS.I worked in blantrye betting shop next door to BOYLES with KIT MC’GUIRE her husband was JOHN.we got on like hooses on fire because of CELTIC and drink.wee kit could shift the stuff .legend.!!! if i don’t get any answer tonight i will try you early on wed morning as you are always one of first on.hail hail
Mort
thought it best to let that one go… o))
Sally’s only tactic when they go a goal down is fire on a 6 foot 4 striker from the bench,and fire in high balls from everywhere.A joke of a manager,hope he does sign that 25 year deal btw……
diving and cheating to beat QOS at home. lol!
Mort
Lol!
Fav uncle
taking my wee nephew to yorkhill at 6.50 tomorrow so will be on early enough..
good luck mate..
big John still as mad…