CELTIC Accounts and finances

There is still a fair amount of unknowns like exact fees received for players and exact fees paid, what the breakdown of that actually is in terms of when we paid the money etc.

Another his how much of the Barrowfield project did we still have to pay and when will/has that been paid?

You can take a ratio on costs for the second half of the year, they are often not far off double what the first half was.

Another income uncertainty is how much CL cash under the new league phase model was awarded by the interims vs the second half of the year?

Total sales volumes for tickets in domestic cup matches, should be a positive as all our ties were at home but given we need to split those with the away side what does that mean for accurate figures.

Operating costs were £105m last year and likely closer to £110-115m this year. Revenue will have increased from £125m probably to at least £135m. But the other factors on player trading won’t make it easy to accurately predict our final out turn.

 

Remember they announced last August they were expecting record income last season even then they knew they were going to far surpass the previous year.

I actually think our turnover last season will be close to if not even over £150million. It was £125million the year before and season ticket prices went up, merchandise prices went up, food up, we signed a new Adidas deal thats probably £2million a year more or whatever it would be, it could also include 2 sets of pre-season tours was it the USA in 2024 and the Cup thing this year, the UEFA money went up, there was 5 home CL games instead of 3, there was extra bonus for getting to the next round of the CL, maybe sponsor/adidas bonus, we also had a lot of home cup games and with higher prices and more people going to home cup games than ever cause the numbers on the hcts. Even for the Cup semis and finals and probably even the CL games the hospitality prices went up and they probably sold even more hospitality than usual to rake more in. Even things like the stadium tours would be up by being in the CL, more European games and tourists plus our own fans cause we had the 3 trophies pretty much the whole year more people go for photos.

If they have used player trading to hide the money it will be blatantly there as well and transparent that's what they've done. You'd put money on them doing that. Technically we could have sold £70million worth of players and signed £30million but in the accounts our cash balance could be down £10million form it, if we only accepted £10million up front and paid out £20million up front. Where as most clubs would do their usual type business and end up with maybe £20million more technically we'd be £10million down. A quick and easy way to make £100million look like £70million. But we'll be able to look and see that the money we are owed went up £50million and the money we owed is down £20million.

Wether they done that or not, it's blatant that we are absolutley rolling in more money than we can spend.

 

I don’t disagree with any of that essentially that’s why I said we could have £100m but in previous years it would appear we have done some of the player trading tricks to keep that number down. Time will tell and it probably won’t be long to they are out.

 

Self manufacturing a Newcastle situation just so we can blame someone else for not spending money they never spent in the first place.

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Are they stockpiling in preperation to move out of the scottish league? Intresting that ACSOM spoke about it today because there was a part in the horrible statement from the club that caught my eye. Dont have time to dig it up now but it was something about the FFP rule that we can't spend much "While we play in Scotland" or something. Maybe just me thinking to much but would not surprise me.

I would HATE the idea to move to the english league. Absolutely kill the spirit of the club.

Would not be able to stand going from not seeing a Celtic strip in Sweden to seing thousands of "Fans" suddenly pop up.

 

It was just a nonsensical excuse that they made up for their failures and outdated strategy. Them citing Scotland, FFP, the market and everything else is complete horseshit. They are the issue, they don't understand the football economy.

 

Most likely but you never know! Project Strawberry and all that.

 

Nah, they just dont know how to operate a football club properly!

 

They also said in that statement they won’t rebuild the main stand whilst being in spfl so that rules that use of the money but also fuels the fire for the reason your saying because of their wording

For me it’s either stock piling for starting at the bottom of English pyriamid or they are looking to sell amd get paid back handsomely for their shares


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We may be cash rich, but uefa wont let us spend it! *...

 

UEFA won't let us spend it?? - I'd love to see the numbers on that one.

Uninvested money is useless money.

 

Doesn't matter what they want to show. They will have to show what's in the bank account at the 30th June and we all know how craven this board are about where they put their money. The don't have the faith in themselves to use it wisely so they are very, very reticent to invest it - anywhere. If we didn't want to show £100m in January we would have spent big on a few players, instead it was another window of net profit on transfers.

What they could have done between February and June to reduce the cash balance was to pump it into some infrastructure or capital project - which most seem to believe the Barrowland project was done and dusted by then. So effectively we have banked, CL Prize Money, a few additional cup and CL home game receipts, Kyogo fee, SPL prize money and 25/26 season book receipts against Jota fee, wages in that period and other operating exspenes. You definitely be expecting an upturn of £20-30m minimum in cash reserves in that period.

I would not be at all surprised to see us sitting on £100m at the end of June in our accounts and there's no spin to defend it. Our board and senior management team do not have the confidence in themselves to put these resources to use and grow the club and that is why they are not competent.

 

You can only imagine how rich other clubs are when they can spend in the transfer windows!

 

I wonder if they release the figures today? It’s after the deadline for Europa packages and if they felt somewhat smug if the uptake of them has been ok then they might just put them out.

The media side of it will all be done and the documents will be there ready to go it’s just when they will press the button.

 

Aye they will sneak them out just before or after 5pm tonight 100% stick on.

 

I'm not sure they care, how it looks.

 

I think if they totally didn’t care they would be out by now.

 

Lawells last line of defence. More profit. Its all he has left.

It may not turn out to be £100m, but what good is a surplus. If its not used wisely, reinvested wisely in the club.

A pretty hollow boast and simply doesn't wash. You can be sustainable and successful whilst pushing the boundaries in Europe.

Lawell is not the person for this role. He was useful 20 years ago. Now he's been left behind. And that's where he's keeping us. Stuck in 2004.

The cash means little without the right people, amd strategy. One that that is kept secret from us fans. As it doesn't align with their money motivated, self serving ways.