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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As a Tcheuchter now living in SW Scotland “Well Done” to the Doonhamers & BBC Alba – Magic
Who was it that said they would win 4 trophies ……. They’re finished….an embarrassment
Plucky cash strapped 3rd div battlers take runaway 2nd div leaders to e/t and penalties
CQN cheering the Queens, would you ever? o))
Unprecedented QuadrupLOL
favourite uncle
hamiltontim says don’t put the bottle behind bar for Wee Oscar night , please get his contact details from possibly blantyretim and arrange it with him.
So funny. Poor old Sally. Poor Sevco. Now what about those titles you don’t have being stripped sometime soon?
southside
lol! Doing the same. The perfect pre-match entertainment for tomorrow.
There goes their “Unprecedented Treble” !!!
Deja Vu all over again!!!
TFPLG may not be the greatest manager ever, but he is one of my personal favourites.
Bada
I will use that one tomorrow at work :O)
………….more than normal rampaging carnage then…………..
This may get uglier……
Another world record for the amount of the sevconians? The biggest laugh I’ve had in years, don’t know if I enjoyed the Madrid game or sevco penalties more
That’s the second time the Queens pumped them this year….
Absolute comedy gold – BBC Alba is definitely providing a public service tonight! Guess Super Swally will have to wait (A LOT!) longer for his first trophy…..if ever! LMAO
That’s the last game that ref.,will get in the Pawnbrokers Cup.
Oh and I forgot
Let’s all laugh at Sevco , let’s all laugh at Sevco ha ha ha ha.
Ulster-Celt
22:29 on
18 September, 2012
Unprecedented QuadrupLOL
were you been bud ?
i was looking at old mails other night, was it you who sent me the O’hagan poem ?
Evening Celts Whits happening :>)
Massive game for super ally tonight…. Massive ha ha ha ha
…………..slowly the penny drops for the bewildered knuckledragger.
I can’t remember the huns losing a penalty shoot out before.
They’ve won plenty – Satan’s luck.
Anybody remember any time they lost?
Don’t sack McCoist, Ally McCoist, I just don’t think you’d understand, Coz if you sack McCoist, Ally McCoist, you’ll stop a lot of laughter in the land… :D
That’s the WORST result in their history …..OK, I know,their history is only a few weeks old…, but it sounds good…..
Ahaaaaaaahaaaaaaaaaahaaaaa
This is brilliant .
Bet they didnae realise there were worse things than liquidation
McCoist must stay
….can I just check it wasn’t a rubber pitch they were playing on?
;)
Now that they are out of the prestigious Ramsden’s Cup, what do they drop into now?
Admin?
The gutter?
queenscovians pumped by the queens sassenachs
4 greenfields.ok got you.my son is very shy ,trying to get him to go somewhere and ask for a name is really beyond him.so will try my best.speak in the morning.meanwhile PISHN MA SELL LIKE THE REST O YEES.every relative in glasgow has text me.
Another revenue stream disappears for the temporary tenants of Asbestox!
…….enter “Bommur”………!
*oh, please!*
what was the name of that non-sectarian song the currents were just singing there, i think the first line went something like boooooooooooooooooooooooooooo
Is it just me or is the reality of an Irish language channel bringing us this gift just tooooooooooooo goooooood
HH
its having to go to all those away groons, we aint used to it, but we will pump evry budy at ibrox, cos we are ra people, the big hoose, naebuddy will dae anything at the big hoose, we will pump everybuddy, cos its all that history, nae wee diddy team can face to the mighty gers at ibrox …………
has anyone heard from chico young since the holidays ?
And they are dancing in the streets of Morar tonight
A wee h*n turns tae his Da an asks..”is that the tune tae the Ramsdens cup Da”?.. ”
..”Naw.” says the daddy h*n….”that’s the ice cream van! Remember,we were put oot a that cup..”
Fat Sally – a legned in his own mind!
Please don’t go!!!
What a brilliant night!
Roll on the morra’!
HH!!
So far:
Win every game in Division ThreeSign nine players from Euro 2012Win a domestic Quadruple25 year contractWhit’s Bomber’s number?
Win the League Cup
Knocked out by the team top of the SPL
Win the Scottish Cup
Knocked out by Falkirk. Again.
Canter the third
Win the third
Win the play-offs
Nearly get to the play-offs.
League reconstruction shurely
Any missing from ye olde broxy bingo card?
….PFayr
Bet they didnae realise there were worse things than liquidation
Splattered the screen with that mi amigo :>))))))