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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You heard it from me first ………LOL …….. THEY’RE STILL PLAYING OVER THE TANOY ” Celtic know all about their troubles” …….Mohave they no shame, be jaysuz
My name is Sparkleghirl and I love Cristiano Ronaldo. (must be happier now, that looked like a kind of celebration)
As for QoS, suddenly my 2 glasses of vino feels like 12…….
Tim Marky:
Check out http://www.celticbars.com
Best of luck!
Iniquitous
Tommo in action on ch 4 news.
Apologies if already posted, but Alex makes this scumbag twist and panic like I have never seen before. Hateful little scrote getting a taste of what he inflicted on others.
Go on Tommo.
http://www.youtube.com/watch?v=1R4oiBxXfNE&feature=youtube_gdata_player
Warning. This in no way shows his anti rangers agenda.
Forget the CL – forget the ramsden’s cup – biggest game tonight
Fleetwood 2 – Port Vale 5
well done the vale (in administration)
turned over to aldi – sorry alba for comedy half hout
I see Alba keeping up the Beebs tradition as a retirement home for hurting h#ns! Gus Macpherson claiming it’s no fair.
Good Evening CHAMPIONS
Extra time being played at Ipox :)))
Weefra HH
soz
Aye, can’t remember when they brought them out but will always remember that it was to give the shirt a more continental feel.
How embarrassing.
Mort
The QOS equaliser was off-side apparently!
That linesman will never get another game – well done that man!
HH!!
QOS goal was offside ,what’s the score with the linesman ,I suspect the green Fenian
hand .
dear god, think gus macpherson going to pass out in rage at equaliser. The commentators seem to be having a laugh though. Wonderful, no matter finin thatal score. Ref will look after the lads in the half empty ipox.
oh god how good how good is that
is this horsecrappola too ?
the sum of the non ‘The rangers’ fans attendance at games in the turd division at the weekend was less than a thousand – a city fan at work was telling me
Blantyretim
They want to repaint the ground orange and the cheapest way apparently is to let it rust, so says all my media pals anyhoo!
So that’s one bad decision against the new club. I’m sure they will even themselves out.
Stringer Bell
Excellent stuff … McKenzie is a reptile
What’s happening now with QoS then? Replay or ET & pens? The livescore green light is still flashing even though it says FT so I suspect the latter.
I wonder if the electricity for extra time under floodlights in the Sevco budget.
Those lights dont half look bright!
Sevco Media website should be good for a laugh tonight
refusing to turn sevco match on..
switched over twice and they scored..
Pity the wee diddy teams are not allowed to out their name on the back. I have no idea who most of these Sevco players are.
My wean and I have tuned into the Comedy Unit programme on Alba. She asked, “Why are they saying scabadeeshscoobydooran@ers”. What can I say?
Plucky Sevco Scotland Ltd holding QOS in ET, fair play to the mid table of the 4 tier in Scotland rising to the challenge of the high earners from Dumfries.
Iniquitous: cheers, see one that is about 5 miles away in welwyn garden, will give them a bell tomorrow to see if they are showing the game
jude 2005 or hamiltontim,if you are about my son is going to hand in a bottle of TESCO’S finest JURA MALT for WEE OSCAR .right the PHEONIX in THE GALLOGATE anyone he should ask for or just leave behind bar.
Sparkle
it is extra time then I think pens. Wouldve posted earlier but couldn’t for laughing.
Has Ray Winstone come on screen yet to offer odds on the next Sevco penalty?
Is the Sevco game on the wireless?
commentators make more sense in Gaelic – than Guph MacPherson makes in english
The QOS equliser was just an honest mistake – honest!
HH!!
praecepta
Anderlecht were the only one who let me down for the daft bet.
Not been a good night though, only 2 bets up out of 7.
I watched the game in Madrid tonight, in all seriousness, shocking standard of football from a couple of teams who cost over a billion pounds, including wages.
Dreadfull defending, pash poor passing, inept stuff in front of goal for the most part.
Cracking last 30 mins thought.
who are ya ?
who are ya ?
who are ya?
Gus McPherson on the Kyle red and the pen, and I paraphrase:
He’d only been on 10 minutes and it was only his second challenge; the first one was a yellow but the second one, he was protecting himself, never a yellow. Definite penalty, [QOS player] never got near the ball.
Blantyretim
Don’t you dare turn it over……LOL
FAV uncle
if he still stays in Yorkhill Anderston area get him to contact me and I will pass it on to HT if you would prefer that..
blantyretim@aol.co.uk
Mckenzie, what an odious individual. Typical Thatcherite apostle.Total scumbag !
Jeg er Neil Lennon-Greeninbingley
Nae bother. I should’ve read back first but couldn’t for laughing :-D
Thanks anyway. Am glued to livescore.
just flicked over to alba.
Not ANOTHER world record – lowest crowd at Ibrox for a cup QF????
hee hee
HEY, why are those sneaky sevcovians wearing 5 stars on their shorts. Is that one for every draw this season??
Ugly orc, no not that one, or that, nor that one, that one neither, nope, next one along, aye that one, misses an open goal.
Lolzers