CELTIC Accounts and finances

I wonder how they're going to keep a straight face when this drops after blaming UEFA financial rules for why we didn't spend money in the transfer window...

 

You do wonder how much will be in the bank in it, imagine it was about £110million, what a brass neck.

 

I got told there was £82m to £86m in the bank (or thereabouts)

 

Crazy that the fact there will be a lot of money sitting in the bank and the revenues, profits etc numbers are all going to be very good and it will be something the board will be trying to find a way to hide from as it will just expose them even further (not that its really needed at this point) as the incompetents they are holding us back on and off the field.

 

When are these published?

 

I would be surprised if it’s much higher than mid £80m’s. The chat of £100m being hit by Michael Gannon seems off to me. If we had made CL this year I think it would have got there.

The thing that needs to be remembered when they do come out, that transfer window won’t be counted.

It is normally this week they are released but occasionally it has come out later in September.

 

Accounts are only up to end of June so this seasons CL money if we got there would make not impact 24/25 accounts.

We had 65m in Jan so 25/26 season book tickets, Kyogo sale and significant portion of CL prize money and other income would all have been received between now and then among other income.

I would not be surprised if it hits 100m.

 

Sorry, I did not mean that this years CL monies would have shown £100m in this set of accounts more that we would have hit £100m by the end of this season.

It is possible it will be that high and journalists probably wouldn’t say that without someone having mentioned it but if the source was internal it would have been an article written not a little section on a podcast.

I am just guesstimating really but I think it will be around £85m.

 

The bit the board hate, speculate to accumulate.

Could go back to last season, spend £10m to actually replace Kyogo and bring in another talent(DM anyone) and we could have gotten by Bayern, which would have been another 11m euro. Literally could have bought a £5m striker and a £5m DM and it would have paid for itself. That then would have set us up nicely for Karait as well, another £25m loss (approx guess from difference of UCL to Europa), but had we spent even the further £25m rthis summer, on another 3-4 quality players BEFORE the Karait game, we would have been looking at a squad that would have 5-6 quality players on top of what we have at the circa £5m bracket - which I think most of us here would agree, if we had 6 additions at that sort of spending/level of player brought in in July, we would all have been over the moon, we would have had a squad buzzing and excited, flying, scoring, ready for UCL and the board wouldn't have any issues with the support that it see's today. (not to say the issues with the board are simply this transfer window, we all know it goes deeper, but the attitude of the board is the same always).

All of that would have been covered just by literally the money squandered from the UCL. We would then STILL be sat here expecting financial results between 80-100m as well!

Maybe guys like Kuhn wouldn't have left, Maeda wouldn't be seeking to move on too.

But even if they did, they would have been covered by the fact we invested in to the squad.

Now factor that in to the last 8 seasons as well, 5 chances out of the UCL, 5 times we have given up the chance of approx £20m by dropping down to the Europa, thats another £100m squandered.
Now again, that is in hindsight, but over those 5 other seasons had we spent even half of that (£10m more before the qualifiers on 2-3 players capable of making the difference) each time we would be more likely to get through, meaning, realistically, we could be sitting here with near that £150m today, while the support would be happy that investment in the squad was actually acceptable. That, while the club would still be making more and more money for whatever * * reason they are hoarding the cash for.

Could have completed the bowl of the stadium years ago, with the money at the bank, meaning we would have, what another 15k season tickets and UCL packages being sold? 15k at £600 and then £140 for UCL packages would be (quick * packet math) £12m per season just in ticket sales, let alone match day merch/kiosk etc.
Keep in mind we * well make around £10-15m each year going in to that bank account now, that could be £20-25m each year - even if we finished the stadium and had zero at bank, it would only take 4-5 years to get back to £100m again. At the same time, still investing in the squad as suggested above.

But it gets better! Because should we invest in the squad as above - our players likely perform better in the UCL and likely get through to the last 16 more often, meaning each year we do that is another 11m euro on top of the base calculations already! Players also then regularly play in UCL and get more eyes for a transfer on them. Meaning chances are we sell players for £25-40m with relative ease after a few years of this sort of progression. Which in turn, means the theoretical £20-25m we can bank every year (in the hypothetical bigger stadium) would increase again as guys like Kuhn and Maeda would sell for potentially twice what we got for them. Even our fringe players would go for more. Guys like Oh and MJ go for £2-3m last season likely we would get £5-7m for them. Idah goes for £7m, probably get £10-15m for him if he showed up a little in the UCL in the above world.
Kuhn went for £17m, probably more like £30m.

Just seems so * mental, that considering the board is made up entirely of financial and commercial minded people, we happily just take the easy and safe route here, knowing your core "customer" is truly * annoyed as well.

Now, that is all in an ideal world, UCL every season (made easier if we pulled in the coefficient points and ensured we got automatic access anyway), but even lets assume we don't make it every year, we would be there more than half the time and the level of investment needed (as above) would still not be any real concern. Worst case scenario of not making the UCL, would be a break even year - hardly a disaster.

 

We dont need to speculate to accumulate though. Litterly we could have spent that and still made a profit. We're going to pay more tax than we've paid to sign players.

 

You're right, it isn't even speculation when the money is there to be spent as you say even the tax we are paying could bring in a player or two of fair quality.

 

Usually you can predict it really accuratley going off the previous years, because you know in general how much the money went up from the year before and then can guess how much is spent pretty accuratley to from the years before.

 

They put out the statement in the first place mate, it was blatantly obvious it was lies, but I don't think they give a *.

 

Ach, who cares about the Champions League anyway? At least we've got 100m in the bank

 

Looking into it i'll make the bold prediction of £105million in the bank.

Based on our income was £85million up till 1 January, i'd guess we brought in £55million more by 30th June, taking the income to about £140million for the year. Our expenditure the previous two years was £92million and £95million, even if they went absolute mental they'd never pass £110million in spending, so we are going to make profit of £30million+

After tax that takes the cash balance say from £72million on June 30th 2024 to about £95million for 2025 but then we have surely profited a lot again with transfers, O'Riley, Kyogo and whoever were all sold we must have made £10million+ wheeling and dealing so it should be about £105million.

Only way it shouldn't be about that is if we are paying more transfer fees up front and taking longer payments back for people we sell to deliberatley reduce the amount of money we have so it doesn't look as bad having that much money on us.

 

Can't believe the balloons at uefa wont let us spend

 

That was the biggest pile of pish you've ever heard as well. They should actually be sacked for that alone.

The UEFA rules are basically your wagebill can't exceed 70% of your income and if it does you need to make profit in the transfer market to make up for how much over you were. Then you can only lose is it £60million over 3 years accounts but it can be £90million if your club is seen to be in good financial health.

We are that far away from the rules that they are completely irrelevant to us. We shouldn't even need to ever think about them because we make profit as a club every year and we make profit in the transfermarket every year meaning we can even technically break the wagebill rule every year even though we don't do that either.

In the summer there if there was some new Neymar guy about we could have paid £100million for him and gave him £100k a week and we'd still be within the rules and we could go on from that point with nothing to worry about.