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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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;-)
Hun defence is atrocious ..Ross Perry is as slow as a week in he jail
Anyway 1-0 QOS
Sally’s put together a great wee team there…….think I’ll take up this fitba managemint….LOL
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
Huns pull one back. Upset on the cards?
Watching the Madrid game – surprised they haven’t got updates from the Ramsden’s cup on the info bar
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
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
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.
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…
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
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.
Tell all the bhuns you see, the history is hi-istoreeeee
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
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
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.
Gooooaaaallll Man City
City 1 up, quick, get my previous post off! :-)
Man City score against Real. Obviously in a competition not nearly as important as the Ramsdens Cup though.
Judas Kyle off for sevco.
HH!!
Musnt titter musnt!!
Kyle endearing himself to the orcs, straight red! Clapped of by the stupid ones!
Man City score on just about their first attack of the game.
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.
Smash and grab by City?
hartsons comb
21:10 on 18 September, 2012
Lots of LOL ……..Where have all the money men gone, long time passing ….
Obligatory pen for the orcs
Real are struggling near goal…
Traderbhoy:
Try the Crown Hotel, Buxton Road. Check details at celticbars.com
Iniquitous
Sevco just scored with their mandatory penalty …….LOL
I need Anderlecht for a daft acca up, as well as the results on the other 3 games staying the same :>)))))
67heaven
They should be in the jail!
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…)
Real equalise
RM score
Goal Real, deserved
TET
Sorry mate – I’ve got 3/1 the draw!
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