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!
You can continue to read CQN Magazine FOR FREE, or can subscribe for £10 or £20 and our sponsor, Executive Shaving, who offer an enormous range of grooming products, are offering readers a £20 voucher for all £30 CQN Magazine subscribers.
1,027 Comments- Pages:
- «
- 1
- ...
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- ...
- 28
- »
I didn’t know that was the final penalty ………. LLLOOOLLL
Big support for QoS tonight as well.
“Going out on penalties is just like a new signing” – Mark Hateley
Ramsden cup your having a Laugh.
Hahahahahahahahahahhahahahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!
HH!!
Ally Mccoist has demanded to know the names of the men who missed the penalties.
Wee team put oot by big team…pure dead brilliant :-))
25 year contract please chuck……….
commentator on Alba are superb… well done BBC
Dear MSM. It’s everybody else’s fault that QoS won!!! Brilliant.
My my my, what a great result from iPod. Follow follow is in meltdown with calls for FPLG’s head.
The gift that just keeps giving
Wonderful news
Drinking culture alive and kicking in Govan way tonight, all I hear is: booze
A ship called dignity………..
i dont have the smarts to do it,
but if anyone can post the SSN reporter doing the penalties at IBROX it rivals Jim White greeting for comedic value.
what a wonderful night of football
mort turn over quick and enjoy the celebrations
How funny is this? Hahahahahahahahahahahahahahahahahahahahahahahahahahahaha
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
OOT THE RAMSDENS
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
haHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAH
I always like Queen of the South…
The quadruple is still on for the higher league team tonight after putting the lower league team out of the Ramsden Cup.
QoS fans waving cheerio!!!!!
Oh, I want to laugh long and laugh loud. But I’m scared of jinxing Celtic tomorrow.
Too many times over the years I’ve laughed at oldCo dropping points on Sat only for Celtic to follow suit on Sun.
But I just can’t hold it in……Hahahahahahahahahahaaaaaaaaaaaaaa!
So the cup for diddy teams will be won again by a diddy team :)
Ally must stay, we need to get a petition stating this, ally demands it…
Ooh what an embarrassment
How many cup competitions has the fat former quiz show captain failed to win now??
Sally must stay!
sorry that should have bee bt not mort
Ah well, time for another visit to the fridge.
Fat Sally is THE Greatest Sevco manager of all time!
Papers the morra’ Aye but that wisny the real ragers’
The commentators on Alba make more sense the Burley. HaHaHaHaHaHa.
who broke FF ?
Some great stuff tonight. Some top teams on show, QOS being one of them. How disapointing to be beaten by such lower league opposition.
Anyway, the real deal begins tomorrow at paradise and we will bring the roof down when this wee ditty is played.
http://www.youtube.com/watch?v=BgomX3qD-iA
Tim for Change, if you read this, I’ll be leaving at 15.30, arriving in fun city 2 hours later. I’ll call you when I’m 20 minutes out. Probably best if I meet you at the ticket office car park. I’m the punk that’s gonnay make your day:-)
Mon the Hoops.
Well done Queens, given me best laugh since Charles Green last spoke
Are those Ramsdens mottos “buy it, pawn it, sell it” aimed at the Sevconians….
Division 2 team almost slip up against division 3 minnows!
To be fair,it was a good Cup run while it lasted………..
http://tictactic.co.uk/2012/09/18/celtic-vs-benfica-tactical-preview-defensive-woes-for-both-sides/?
Gordon_j backing Neil Lennon counldnt agree more ,is there a petition I can sign to keep Sally