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Solid accounts figures from Celtic despite £7m

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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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  1. blantyretim

     

     

    20:52 on 18 September, 2012

     

     

    “You’re not Rangers any more”

     

     

    Brilliant, I know every time I think of that for the next few days I’ll have a chuckle;-)

  2. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Sally’s put together a great wee team there…….think I’ll take up this fitba managemint….LOL

  3. HT

     

     

    Celtic have declined to handle away ticket distribution this season unless the host club recompense them for the time and effort of the ticket office staff

  4. Gene's a Bhoys name on

    Watching the Madrid game – surprised they haven’t got updates from the Ramsden’s cup on the info bar

  5. popped in to SSB tonight on way home from work to hear Delahunt asking Guidi “what do you think would happen ‘on the ground’if they took titles away and both said CIVIL WAR now what does that tell you about this septic isle…HH

  6. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    bazzabhoy

     

     

    20:55 on 18 September, 2012

     

     

    Not to worry, the media will ignore it ……. Without realising it, they are our best ally in all of this ……HAPPY DAYS ….. And they think we miss them…… LLLLOOOOLLLL

  7. pfayr

     

     

    Basically called the sfa stupid and malicious by have the dual contact investigation.

     

     

    Titles were won fair snd square and he bought the history and titles as everyone knows.

     

     

    He didn’t sound all there.

  8. gedhed7

     

     

    I posted earlier, I was in a city centre pub today and sat with a couple of them..

     

     

    I left, they are disgusting bunch..

     

    I walked out rather than lower myself by getting involved…

  9. Gedhed7

     

     

    The MSM are just playing to the masses …the Huns are all wind and p1sh .

     

     

    Civil war my erchie

     

     

    They couldn’t even save their own club

  10. Neil canamalar Lennon hunskelper extrordinaire on

    Gedhed7,

     

    they have been using the same threat throughout this farce, they said it if they went bust, they went bust, nothing.

     

    They said it if they didnt get into spl, they ended up in the 4th tier, nothing.

     

    This is a coordinated effort to intimidate everyone who has a duty to administer.

  11. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Tell all the bhuns you see, the history is hi-istoreeeee

  12. Bazzabhoy

     

     

    Thanks

     

     

    I think he is deliberately working his ticket …..engineering a walk out stating that it’s the SPL and SFA fault ..

     

     

    While escaping with as much cash as he can carry

  13. Div 3 club pulls goal back against div 2 club shocker!

     

     

    On to proper football. How ordinary do one of England’s finest clubs look in Spain?

     

     

    The old butterflies are going already for tomorrow now. Cue CL music and deafening roar, c’mon the hoops.

     

     

    HH

  14. A lot of empty seats in the home side’s director box at Ibrox tonight. Must be reserved for those three billionaires (and their wives) who will be coming on board any day now.

  15. Mickbhoy1888

     

     

    That’s not new, Hearts, Hibs and St Mirren have sold directly to Celtic supporters for the last few seasons.

     

     

    I think it’s madness at a time when you’d be expecting clubs to do there utmost to maximise ticket sales.

  16. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    hartsons comb

     

     

    21:10 on 18 September, 2012

     

     

    Lots of LOL ……..Where have all the money men gone, long time passing ….

  17. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Sevco just scored with their mandatory penalty …….LOL

  18. The Prince of Goalkeepers on

    Hamiltontim

     

    21:12 on 18 September, 2012

     

     

    I believe those were all in response to Celtic deciding to charge an admin fee for handling tickets. (if i remember correctly it may have been an O*d F*rm initiative…)

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