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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HOooooops ..That should have said:
They will be dancing in the street of Morar tonight
…..a wee burdie tellt me that “boaby” williamson took the game in………..
*nudge-nudge…..*
PFayr – I wasn’t going to have a drink tonight but my Lan Rioja Reserva is getting tanned:) i know how much fun you’re having cause i’m feeling the same!!!!
BT – you coulda jinxed looking in at the last pen;)
slainte
tony
Sevco fans want FPLG to go & Fat Billy Davis in, he’s not up to the job blah blah blah, insert sweary words…brilliant.
Ally says,everyone’s against us,I don’t care if we go down to the Juniors.Pollock Juniors don’t scare us.We will be back,we are the,who are we?
saint stivs
lol!
Best thing is BBC Alba cuts straight to an enjoyment of the wilderness with a digger programme. How apt.
Can Charlie no just say that was oldco that lost tonight?
Saint stivs
Daily doses of right wing politics from the maggie thatcher appreciation society has turned me off the blog. Occasional lurking these days only.
I do believe I copied the poem to you on here one night.
Good luck
favourite uncle
Ok mate , hamiltontim should be back on soon and you can make arrangements with him direct.
How am I supposed to go to sleep now???
Agus Agus shannich Agus haha sevco ur pishus lol …..
Now onto the real stuff tomorrow that was comedy gold is jabba now in an induced comma to recover??
THread on Sevco Media entitled “We’re simply a mess”
so a tale of two huns,
just aff the ferry from annan, dont tell emby billy, but if we get on a train no we can make the 2nd half of the game against queens ……..
aye sound billy, lets go fur it, dont wanna miss oz them goals
Super Ally’s super Sevco oot their first ever competition.
I’m sure there will be many more if he gets the chance.
Ramsdens…quality gold…unbelievable…you couldn’t make it up…:)
Keep the Faith!
Hail Hail!
And tomorrow’s spin from the DR is “Rangers, unlike Celtic, still undefeated in 90 mins of football”
There you go DR take a freebie…………….
Enjoy the jouney
WAAAAHAAAAAAAWAAAAHHHHHAAAAA
Even in Gaelic how good does that sound, just in from my meeting and was going to have an early night.
On way home was asked their score dont know but they must have won or my phone would be going mad.
Got dropped off and my phone started to go mad just caught the Queens celebrations & the Orcs walking away.
No matter how bad you feel always remember YOU COULD BE WAN O THEM :)))))
Dont sack mcCoist, Ally McCoist, I just don’t think you understand……..
If they bin the Binman I suppose….that dick, campbell could do a turn for them as well…………For a start he does know all their…..errr….em…….” songs “….
SSN,a record crowd for the challenge cup.I give up.
Favourite uncle
That’s really generous of you mate is there any chance you could mail me at hamiltontim@hotmail.co.uk and I’ll make arrangements with you.
Many, many thanks.
Hebcelt
Will phone you in the morning youngster, thanks again.
a total embarassment and a shambles of a club from that clown green at the top down to elbows and co on the pitch.. they are finished!
roll on 2maro to i set sail for glasgow to watch glasgows green and white… pints a stella on the boat, pints a tennents in the hoops bar before the game and then on to the match to watch the hoops beat benfica 2-1.. living the dream!! HH
Ulster-Celt
22:38 on
18 September, 2012
Saint stivs
Daily doses of right wing politics from the maggie thatcher appreciation society has turned me off the blog. Occasional lurking these days only.
I do believe I copied the poem to you on here one night.
Good luck
—————–
let the thatcherites chatter away, dont be a stranger, their time will come.
keep it lit.
Sandaza to say in press tomorrow ‘Ramsdens Cup is not football it is WAR!’
lol!
Alot of lol! in my posts but I cannot stop laughing.
Bankiebhoy
Talking to big brother tonight. He looks well without that checked coat :-)
More good news – my copy of ‘Downfall’ is on its way!
If anyone on here has read it I don’t want to know the ending!
HH!!
Matthew 12.38
“The Queen of the South will arise at the judgment….”
No mention of what happens to Sevco but I’m reading on….
Hamiltontim
22:41 on
18 September, 2012
Favourite uncle
you were more fun when you could only post a line at a time.
that bad education programme has me thinking about you throwing a wobbly in class as you coulndt get logged in.
hahaahhahahaha
-)
Any reposts from FF would be very much appreciated
SSN………………………………………………………..Ramsdens may go bust without Sevco
Sevco franchise fans “youre only here to see the rangers” Qos fans “youre not rangers anymore” joy……..
Trending on twitter
.#dontsackmccoist
Been out don’t know the sevco result…but judging the mood on here ….let me guess…
Dear god
Thanks for bomber and chuck..we needed a wee rest after you delivered them..we,ll need a week at least with this one !!!.. Slow day in the old galaxy making was it?
Must dash
Yours in Celtic
Jm
Tallybhoy
22:42 on
18 September, 2012
More good news – my copy of ‘Downfall’ is on its way!
If anyone on here has read it I don’t want to know the ending!
HH!!
——————————-
its one of those books that will be reprinted often as new chapters are added.
its the never ending story.
but they do die.
Green to Ally
‘truis a-mach agus dùinte dorus !’
Well that must give Charlie boy food for thought.
Will he still want the stout one to stay?
Dirtymac
Pay our taxes?
HH