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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TET
OK – I give up – there goes my trip to Barca! :-(
Anyone know why Man c have 3 stars on their shirt?
great finish to a match..
I am happy Real are winning..
best league in the world my bahooky…
Soz
To give it a “continental feel”.
I kid you not.
Mort
Soz
21:33 on
18 September, 2012
Anyone know why Man c have 3 stars on their shirt?
+++++
Seriously: it’s to make the strip look more continental. No joke.
No way, seriously mort?
3 – 2 ft.
Pretty dull game for a long time. Burst into life at the end though and Real deserved to win it
No pedigree and definitely no class then
soz
They bought them out of The Stars on Strips shop , just like Charles Green
:-))))
One of them games where I’d normally gladly see both teams beaten, but in the end I’m quite happy with 3-2 to Madrid and a great game of football to boot.
stunning last 30 mins in madrid
Elbows – Sar-cluicheadar (Motm)
This old Scots Gaelic’s easy
Fourgreenfields ;)
2-2 …..yyyyyeeeeesssss
Re Man City ….that’s embarrassing
Fair play to the wee team supporters for missing the CHAMPS LEAGUE.
QOS EQUALISE
Soz
They bought three of them from a deid fitba club. Apparently you can buy them and get 10 titles with each one! :-)
Hebcelt
Got it. My neighbour has phoned to say her car has broken down so I’m having to go out to give her a tow.
If it’s not too late I’ll call you when I get in and if it is I’ll call you tomorrow.
Many, many thanks ya generous big soul!!!! ;-)
Get in QOTS!!!!!!!!!!!!
lol
YEEEEESSSSS!!!!!!
Last kick of the ball. 2-2!
Paddybhoy1888.
Find a pub with Direct TV channel 482. Check out http://www.celticbars.com
If you have no luck, take out a month’s subscription to FoxSports2Go. You can get an app immediately for an IPad and have it streamed directly in high definition.
Best of luck!
Iniquitous
Mort
get those bottles steralised bhoy…
Bam!
Ha Ha Ha Ha
just turned over to catch the QoS equaliser
Good old QOS
QoS!!!
10 dodgy titles Dixie?
Thise grass marks on Jose suit will be a bugger to get out
Soz,
you won’t believe this – but it’s to give their shirt a more “continental” look!!!!
Nearly as bad as having stars for titles you didny really win!!
Did that sky reporter have a cheeky wee smirk on his face?
very run down ground servco have
MWaaaaaaaaaaaaaaahaaaaaaaaaaaaaaa
check out the rust on the newco stand
Graham Spiers @GrahamSpiers
Rangers 2-2 Queen of the South, 90 mins. The People are very, very brassed off (though half of them had already left).
Canny stop laughing!!!!!!!!!!!!!!!!!!!!!!!!
Please let us get them in the cup
blantyretim
No need, he has his own private supply.
I have little to do bar bathings and reading stories, all the fun jobs.
Mort
Soz
Probably 50 dodgy ones!
HH
Alex O’Henley @UEFAcomAlexO
Astonishing record #Ronaldo now has – 151 games played for Real Madrid, 151 goals scored. #phenomenon
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