Financial Statement - June 2023

[Gary67]

Celtic plc annual results for year ended June 30, 2023

Welcome to the official Celtic Football Club website featuring latest Celtic FC news, fixtures and results, ticket info, player profiles, hospitality, shop and more.

www.celticfc.com

Key Financial Items
Group revenue increased by 35.8% to £119.9m (2022: £88.2m).
Operating expenses including labour increased by 4.0% to £95.4m (2022: £91.7m).
Gain on sale of player registrations of £14.4m (2022: £29.0m).
Acquisition of player registrations of £13.0m (2022: £38.4m).
Profit before taxation of £40.7m (2022: £6.1m).
Year-end cash net of bank borrowings of £72.3m (2022: £30.2m).

 

[Gary67]

£40m pre tax profit, £72m cash in bank and we are going into the Champions League with Liam Scales at centre half and a weaker squad than last season. Obvious where the priorities lie.

 

[Bridie Bhoy]

£40m pre tax profit, £72m cash in bank and we are going into the Champions League with Liam Scales at centre half and a weaker squad than last season. Obvious where the priorities lie.

And more income coming this season from the Champions League than before...

And this does NOT include the profit made this summer when we sold Jota & Starfelt, and replaced our departures for less than we took in.

No doubt there will be a few big bonuses paid out for our fantastic financial performance.

 

[Weedocbhoy60]

Celtic plc annual results for year ended June 30, 2023

Welcome to the official Celtic Football Club website featuring latest Celtic FC news, fixtures and results, ticket info, player profiles, hospitality, shop and more.

www.celticfc.com

Key Financial Items
Group revenue increased by 35.8% to £119.9m (2022: £88.2m).
Operating expenses including labour increased by 4.0% to £95.4m (2022: £91.7m).
Gain on sale of player registrations of £14.4m (2022: £29.0m).
Acquisition of player registrations of £13.0m (2022: £38.4m).
Profit before taxation of £40.7m (2022: £6.1m).
Year-end cash net of bank borrowings of £72.3m (2022: £30.2m).

Excellent results. Superbly organised off the pitch. Rejuvenating Barrowfield as part of the club moving forward.

 

[AJ1910]

£40m pre tax profit, £72m cash in bank and we are going into the Champions League with Liam Scales at centre half and a weaker squad than last season. Obvious where the priorities lie.

I'm just hoping it's all pointing to a great Jan window.
Although it probably just means the biscuit tin is well and truly back

 

[TSRTS]

And more income coming this season from the Champions League than before...

And this does NOT include the profit made this summer when we sold Jota & Starfelt, and replaced our departures for less than we took in.

No doubt there will be a few big bonuses paid out for our fantastic financial performance.

Copied from Google.
Combine that with an extra £6.5m in matchday income from a minimum of three sold-out European games at Parkhead and Celtic's title win has guaranteed them around £30.6m. That figure could soar with just a handful of results in the competition, with wins worth £2.5m in Uefa prize money and draws worth £825,000.

 

[the mighty quinn]

Maybe one or two guaranteed starters would've been nice. Still, money in the bank eh.

 

[Danny Bhoy]

Excellent results. Superbly organised off the pitch. Rejuvenating Barrowfield as part of the club moving forward.

I am more interested in the results on the pitch. Let’s use the money wisely and built a CL team
Yol

 

[Bellshill bhoy]

Money doesn’t guarantee success……
but NO money guarantees NO success…….
Fergus McCann

 

[Bridie Bhoy]

The thing that really annoys me is if anyone complains about the lack of investment in playing personnel whilrle hording tens of millions of £s is when the automatic response by the board's defenders is to use Deadco & Sevco as the example of not being prudent/unnecessarily stingey with out purchases. Like that is the only other alternative to what we are currently doing - to suicidally spend stupid amounts of money that is totally unaffordable.

There is a huge middle ground between these extremes which the vast majority of football clubs manage to operate under.

I have never heard a single sensible Celtic fan (and certainly none on here who are disillusioned with our transfer activities) ever say they wanted us to pursue a totally mental unsustainable business model. We just want proper investment in a few replacement players who are statistically more likely to improve us than lots of young projects, half of whom fail and cost us £millions in lost transfer fees & wages while contributing very little before being dumped.

And before anyone asks, no - we are not the right people to suggest these "potentially better" players. We pay a scouting team much more than us fans earn to do this for their day jobs.

 

[50 Shades of Green]

Here's the thing that bugs me about our transfer policy of buying cheap and selling high, to sell high the player has to have had at least 2 decent seasons and to do that he has to be playing with a higher level of player around him, so a balance in the team has to be maintained between the projects and the quality players, now we haven't done that this year everyone we have signed is a project and we of course have been unlucky to lose one or two to injury of our most reliable players, and because we never signed anyone with any real experience to, A.. Help the established players &
B.. Help the projects.. We are going to imho suffer against any team with a bit of quality in them..

The projects we have just signed will go backwords unless we get them help come January, we will be good enough domestically but to compete in the CL we need an overhaul of transfer policy...

All my opinion of course..

 

[Bridie Bhoy]

Here's the thing that bugs me about our transfer policy of buying cheap and selling high, to sell high the player has to have had at least 2 decent seasons and to do that he has to be playing with a higher level of player around him, so a balance in the team has to be maintained between the projects and the quality players, now we haven't done that this year everyone we have signed is a project and we of course have been unlucky to lose one or two to injury of our most reliable players, and because we never signed anyone with any real experience to, A.. Help the established players &
B.. Help the projects.. We are going to imho suffer against any team with a bit of quality in them..

The projects we have just signed will go backwords unless we get them help come January, we will be good enough domestically but to compete in the CL we need an overhaul of transfer policy...

All my opinion of course..

Yes, we have been unlucky with injuries. But we knew last April CCV needed surgery and would probably be out until the end of August seeing as he was able to disappear early before the end of the season to get his surgery. He rushed back early and surprise, surprise, he broke down early on in his first game back.

We KNEW he would be a high risk for the start of the season and still let Starfelt follow his tadger to bugger off to Iberia (with ZERO profit despite him being a bargain buy initially because of the Russia/Ukraine war, him developing with us and still having years left on his contract) to be nearer his lass. Even though he could have flown to her from Glasgow in less time than driving to her from his new home! He should have been told to wait until January to ensure Carter-Vickers was fully back up to speed.

 

[fergusslayedtheblues]

The thing that really annoys me is if anyone complains about the lack of investment in playing personnel whilrle hording tens of millions of £s is when the automatic response by the board's defenders is to use Deadco & Sevco as the example of not being prudent/unnecessarily stingey with out purchases. Like that is the only other alternative to what we are currently doing - to suicidally spend stupid amounts of money that is totally unaffordable.

There is a huge middle ground between these extremes which the vast majority of football clubs manage to operate under.

I have never heard a single sensible Celtic fan (and certainly none on here who are disillusioned with our transfer activities) ever say they wanted us to pursue a totally mental unsustainable business model. We just want proper investment in a few replacement players who are statistically more likely to improve us than lots of young projects, half of whom fail and cost us £millions in lost transfer fees & wages while contributing very little before being dumped.

And before anyone asks, no - we are not the right people to suggest these "potentially better" players. We pay a scouting team much more than us fans earn to do this for their day jobs.