Club always makes lots of money when Brendan’s boss at Celtic Park

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The Celtic Star

·16. September 2024

Club always makes lots of money when Brendan’s boss at Celtic Park

Today’s financial results shows that Celtic is just as successful off the park as on it. Now let’s use that advantage to move further forward come January…

Peter Lawwell Celtic CEO is seen during the SPL | Premier League match between Celtic FC and Heart of Midlothian FC at Celtic Park on September 14, 2024. (Photo by Ian MacNicol/Getty Images)

Celtic today released their annual financial results for the year ending on 30 June 2024 The results as expected were impressive and continues to show how well we are run behind the scenes. As happened the last time Brendan came in as manager the club has announced incredible financial numbers at the end of his first season back.

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Group revenue increased by 3.9% to £124.6 million (2023 £119.9 million.)

Operating expenses including labour increased by 10.4% to £105.4 million (2023 £95.4 million)

Gain on sale of player registrations of £6.6 million (2023 £14.4 million)

Acquisition of player registrations of £16.6 million (2023 £13.0 million)

Profit before taxation of £17.8 million (2023 £40.7 million)

Year end cash of £77.2 million (2023 £72.3 million)

That’s absolutely terrific numbers considering our lack of revenue streams compared to the bigger leagues throughout Europe. It’s even more impressive when you consider it doesn’t include the record fee we received for Matt O’Riley or the bounty we have still to receive for our participation in the Champions League, with more prize money still on offer.

Granted a chunk of that will be offset by the record transfers of Adam Idah and Arne Engels, but in the main it will still be a massive amount of cash in the bank. That wealth should be reinvested in January as we are still a couple of players away from being the side that Brendan wants to make a mark on Europe will still continuing to be successful domestically.

We are currently in a good place, but we can’t stand still and must continue to move forward, and these impressive financial results can help us do just that.

Well done to everyone working at Celtic and of course every single Celtic supporter who continues to plough money into the club. It’s certainly money well spent.

Just an Ordinary Bhoy

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