Celtic’s Financial Results 2023

Semper said:
The negativity on here amazes me - or perhaps not - as Lawell's placemen seem to be doing their job well.

Instead of reading the front page try looking at the actual figures especially page 6 and also at the cash flow.

I have only glanced at the figures but there seems to be approximately £400 GP per seat which does not compare at all favourably with, what I recall, is for Man U is about 120 times as much.

I do not know The Rangers' figures but I should imagine that they are quite a bit better.

Anyway I seem to recollect that we outplayed them on the pitch and were cheated of a victory. Oh ye of little faith
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Silly us. It's all actually just Lawell's placemen.

And the cabal too probably.
 
We need to change our transfer strategy. We seem to have a plan of signing players thst were good 3/4 years ago but regressed and believe we can get them back to what they were. There strategy is to sign young hungry players on the way up usually from smaller leagues and give them a platform to build. If we are successful in ours the player may have a higher ceiling than the player they sign but its rare it works. For every cantwell there is 5/6 that dont work like dessers/lammers so far. Our strategy is extremely high risk. Theres is safer and has a higher chance of success
 
We sre genuinely f@cked atm. I dont see how we ever dominant again. They have everything sowed up from recruitment, finances, media, governing bodies, refs,

We are fighting with a arm tied behind our back every year. It looks like 1 title every 6/7 years unless something changes. The ultimate fear is they make a run for 10 again. If you thought the first run was bad. Imagine the embarrassment of stopping 10 only for them to run up another 10 titles
 
sammy1872 said:
There strategy is to sign young hungry players on the way up usually from smaller leagues and give them a platform to build.
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We signed Fashion and Matondo after good seasons in a league of comparable quality.

Matondo was 21 when he signed, Yilmaz was 21 when he signed with a good CV, Raskin is 22, Sterling is 23, Danilo 24, Cifu 24.

Dessers scored 21 goals the season before last.

We aren’t just signing old has beens, contrary to the FF myth. There’s a mix of signings of different ages, experience and backgrounds.

Lammers, Cantwell and Butland are probably the only three signings who have been ‘off it’ for a few years, and two of those look like good signings.
 
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JD1872 said:
Blowing the 6 point lead we had under GVB has been extremely costly, the momentum has completely swung in their favour and they have benefited massively from the guaranteed CL money.

Our recruitment, choice of managers and choice of DOF has been extremely poor. In general we have not moved players on at the right time and reinvested the money correctly.

It’s difficult to see how we turn this around in the short/medium term. Especially when the plan seems to be to hope for the best that Beale turns things around when there is zero evidence that he will.
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They’d have caught us anyway.

Postecoglu‘s a far better manager than both Gio and Beale and ultimately that would have told in the end.
 
A1bertz said:
I hope the victims get justice 1st and foremost and a very sizeable compensation to boot.

I'd pleasantly surprised though if the payout hurts Celtic as much as we want it to. If all the victims get say £200k, that's just £6m it will cost Celtic. Hopefully I'm miles out and they all get much much more.
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It's not all about money pal, it's about showing the World what a nasty piece of work that Institution is and still is by their actions over this.
No amount of money will change these peoples lives but an apology and more importantly a Sorry would help
ps They have apologised before of course more than once I believe but they have never ever said Sorry
Shame On Them
 
I didn't think the Jota sale was included in this as it was after the said date - however, it seems it is. Their profits increased by around £34m but that was mostly (£28m worth) due to profit from player sales (including the massive Jota fee) and one-off payments of Covid Interruption Insurance and compo for the Fat Aussie:

The £34.6m increase in profit before tax resulted from the significant revenue increase outlined above along with a £14.4m gain on sale of player registrations, predominantly from the sales of Jota, Juranovic and Giakoumakis.

"In addition, we recorded £13.5m of other income that came from a combination of compensation received following the departure of Ange Postecoglou and a business interruption insurance recovery in relation to Covid-19, with the two items mentioned being one off in nature and typically non-recurring."
 
The only way we reverse the trend is by winning on the pitch. That can be done on smaller budgets, it’s been done in loads of leagues. We then need to be dominant domestically.
What we then have to hope for us for them, in trying to catch us, to get a couple of bad management choices spanning 2-3 transfer windows.
The problem is it’s us that are going through the bad management choices (much as I’m hoping Beale can turn things around) and spending re-build money that hasn’t / isn’t working.
Only by us getting it right and winning / dominating domestically will it change.
 
silverbear said:
The only way we reverse the trend is by winning on the pitch. That can be done on smaller budgets, it’s been done in loads of leagues. We then need to be dominant domestically.
What we then have to hope for us for them, in trying to catch us, to get a couple of bad management choices spanning 2-3 transfer windows.
The problem is it’s us that are going through the bad management choices (much as I’m hoping Beale can turn things around) and spending re-build money that hasn’t / isn’t working.
Only by us getting it right and winning / dominating domestically will it change.
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It won’t be done while we continue as we are.

Giving Beale free rein to act like a wean in a sweetie shop during the window there and buying players who were good when he seen them at youth level five years ago, or buying 28 year olds who have stalled a bit and need a move - absolute fucking insanity.

That window might have set us back a lot, and it’s the polar opposite of what was required.

We’re already a loss or two from pissing the league away again this season and it’s only mid-September.
 
The devil is always in the detail. Do the figures include the income received for Jota and compensation for the Gravy Guzzler. These are non recurring and have they been paid in full rather than over a period of time impacting upon the cash position?
 
Three keys thing needed for me:

1. Domestic success.
2. More seats.
3. A kit deal to rival there’s.

Unfortunately we are behind them as a club currently.
 
It's just the other side of the coin from 2012. We were financially neutered while they went from strength to strength financially. Look at what happened to both squads from 2011/12 season. We lost probably 50m worth of players for nothing and had to rebuild the club with nothing. They sold players from that squad for around 30m and were able to stockpile all their cash due to basically an unopposed free run for nearly a decade.

Doesn't excuse our mistakes since, but their financial strength allows them to make mistakes which they have had plenty of whereas we have zero room for error.

We must get into the CL next year, otherwise things will become even more difficult.
 
Jim Prideaux said:
We signed Fashion and Matondo after good seasons in a league of comparable quality.

Matondo was 21 when he signed, Yilmaz was 21 when he signed with a good CV, Raskin is 22, Sterling is 23, Danilo 24, Cifu 24.

Dessers scored 21 goals the season before last.

We aren’t just signing old has beens, contrary to the FF myth. There’s a mix of signings of different ages, experience and backgrounds.

Lammers, Cantwell and Butland are probably the only two signings who have been ‘off it’ for a few years, and two of those look like good signings.
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The difference is the age they sell their key assets. Put it this way, if Kent and Morelos were their players they'd have been gone after 3 years tops.

McGeady was 23, Wanyama was 22, van Dijk was 24, Tierney was 22, Dembele was 22, Edouard was 23, Ajer was 23, Jota was 24. We're still hanging on to ours at 26 and telling ourselves someone will pay big money if can just extend their deals.

There's a reason we got great money for Patterson and Bassey and probably will do for Raskin. Teams will pay a lot more when they have room to develop players at an earlier age on the basis of potential.

Hanging on to the likes of Aribo at 26 with a year left on his deal when he was specifically brought in to make serious money from down south does us no favours. I don't think we'd get anywhere near what we think we'd get for Cantwell a year down the line either.

Guys like Sterling, Yilmaz, Cifuentes should bring in good money not 'big' money but those are the sort of transfers we have been failing miserably at. Turning cheap players into £4/5/6/7m players. We need to do that consistently.

Paying £4.5m for Dessers at 28 & Davies at 27 for £4m only make sense if they deliver the goods consistently and you're bringing in good money from other assets. Good luck with that one.
 
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Spam javelin said:
At some points over recent years we were as far ahead of them as they are now of us.
We need to get our own house in order urgently and redress the balance on every front.
Their signing model is giving them a massive turnover. Their signings this year are all with a view to selling for large numbers. While we sign lammers and dessers. This is folly. We literally shouldn't be signing anyone for cash over the age of 23.
The quicker we change the shirt supplier the better also.
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Hate to break it to you but at no point in time has the financial gap been this wide between both teams.
 
We are miles behind, and years off it. The direction of this is only going one way. At some point, likely this season, they’ll pass us on the trophy count and then we haven’t much left to point to.

The club needs a massive shake up.
 
SDF said:
The difference is the age they sell their key assets. Put it this way, if Kent and Morelos were their players they'd have been gone after 3 years tops.

McGeady was 23, Wanyama was 22, van Dijk was 24, Tierney was 22, Dembele was 22, Edouard was 23, Ajer was 23, Jota was 24.

There's a reason we got great money for Patterson and Bassey and probably will do for Raskin. Teams will pay a lot more when they have room to develop players at an earlier age on the basis of potential.

Hanging on to the likes of Aribo at 26 with a year left on his deal when he was specifically brought in to make serious money from down south does us no favours. I don't think we'd get anywhere near what we think we'd get for Cantwell a year down the line either.
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I agree with all that. However, with Morelos and Kent I’m prepared to cut the board/staff (even though most involved in that have left) some slack not selling to Lille/Leeds.

We hadn’t won anything, with the former we had a value that we wanted and it was the first big bid we’d received in god knows how long. We rolled the dice they’d pay it, they didn’t pay and we kept a player.

Since then, we seem far better at our transfer dealings with Patterson and Bassey being sold at the right times, for probably the right amount. Then Kamara, Colak, Fashion and Bacuna all being sold for profit.

Kamara would have been worth more in his peak, and could have been sold earlier but I’m still happy with the deal we got in the end.

We do seem to be improving at selling players since the Lille bid for Morelos, learning from mistakes you may say and now that the situation the club finds itself in is different.

Ultimately, you’re not getting top dollar for someone playing in Scotland at 24/25/26 barring absolutely mental transfers like Jota.
 
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WeAr3Th3Pe0ple said:
Hate to break it to you but at no point in time has the financial gap been this wide between both teams.
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I really don't agree.

Ten years ago they were in the CL and posted revenue of near 100m, we were in league 2 and posted like 15m.

Our accounts this year include CL, bassey and Aribo money, it should be close to if not more than 100m. We made the same as them last year and was within 6m the year before.
 
ICA_86 said:
They’d have caught us anyway.

Postecoglu‘s a far better manager than both Gio and Beale and ultimately that would have told in the end.
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I think Gio's points per game by the end of the season was exactly the same as Gerrard's from the start of the season to the point he he left in the 2021-22 season.

As you say if we had continued playing the way Gerrard had us playing and he hadn't left we likely would have ended up in the same position as we did.
 
All these $$$$ won’t stop them being scudded in the CL tonight I predict they will lose by 3 goals plus

It should also remind us to start beating them on the pitch this squad is more than good enough it’s up to Beale and co to start delivering now ….
 
sammy1872 said:
We sre genuinely f@cked atm. I dont see how we ever dominant again. They have everything sowed up from recruitment, finances, media, governing bodies, refs,

We are fighting with an arm tied behind our back every year. It looks like 1 title every 6/7 years unless something changes. The ultimate fear is they make a run for 10 again. If you thought the first run was bad. Imagine the embarrassment of stopping 10 only for them to run up another 10 titles
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This is my fear.
 
Maude said:
Im trying to address the specific points you made using your own examples.

The pay scale Im referring to is for ALL players in Scotland. If course Rangers have their own but that's part of the problem. Ours will be bigger than most others and that means we can scoop up the best of the rest therby killing what little competition is left.

A nationwide pay scale is what Im suggesting. Im also suggesting a fair share of ALL income from the games played here including prize money from europe and elsewhere eg gate receipts etc.

Anyway. Have a nice day.
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I’m starting to get where you’re coming from, but if it’s league wide and mandatory, isn’t that a salary cap?
 
Jim Prideaux said:
Lawwell JR is their head of recruitment, he was previously head of recruitment at the City group and oversaw their Yokohama/Melbourne stuff - which is how he was aware of Postecoglou.

Not sure if he counts right enough, but certainly someone with a good CV working in their football department.
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Not aware that he was/is ‘a football person’ which I take to be someone who ‘knows the game’ which I think the poster I replied to was implying.

While I agree with you that Lawwell jr has likely served a suitable and sufficient apprenticeship there are many of our support who don’t believe someone can do a good job unless they are ’football people’. Remember the highly regarded and supremely qualified Dr Ceri Bowley who GVB brought from City group as an example upon whom scorn was heaped by elements of our support.
 
remembertheepoch said:
Or they are covering their arse for a potential series of class actions
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I see people say this all the time, but the reality of it is that money in the bank will cover every case brought against them and still leave them cash rich compared to us

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Blueknows said:
Not aware that he was/is ‘a football person’ which I take to be someone who ‘knows the game’ which I think the poster I replied to was implying.

While I agree with you that Lawwell jr has likely served a suitable and sufficient apprenticeship there are many of our support who don’t believe someone can do a good job unless they are ’football people’. Remember the highly regarded and supremely qualified Dr Ceri Bowley who GVB brought from City group as an example upon whom scorn was heaped by elements of our support.
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Highly regarded and supremely qualified in what department thought ? IIRC we brought him up here to learn how to be a first team coach.

Ceri Bowley was up here 2 minutes and delivering the support lectures on Twitter about what it takes to be successful.
 
Stuart_WATP said:
We closed the gap and overturned them with Gerrard. We blew it afterwards though. Handing them millions on a plate again and again
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Exactly Stuart, spot on and sums the whole thread up.
Gutting the way we rested on our achievements that season, we could and should have nailed them to the floor at that stage.
 
WeAr3Th3Pe0ple said:
Their retail is leaps and bounds ahead of ours.

Folk won't like this but they have a much better shop, with about 20x the amount of stuff to buy as we do in ours.

We've still got a long way to go to match the off the pitch, probably due to 2012.
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They use football strips for every reason, wear it everyday, likely during the night also.

We can’t compete with this level of depravity. We don’t wear football strips to weddings and funerals. How can we possibly compete.

[sarcasm]
 
Laudrup97 said:
One of the reasons they do so well with selling players is the media. The media play a big part in what they do. They sign young players and the media praise them to the hilt and they sell them for big money. You never hear negative press after it.

We sign a young player and we sell him for decent money and the negative after negative reviews continue all year. Bassey being a massive example of that so clubs know not to go near us.
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Nothing to do with the media. Their players leave and deliver elsewhere, as has been highlighted earlier in the thread, whereas ours have either flopped.
 
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ICA_86 said:
Again, an incredibly immature opinion.

Them getting scudded means %^*& all.
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"Beat 3-0 by Feyenoord ? Ah well, if you can just make the Champions League prize money cheque out to 'Celtic FC, Kerrydale Street...' "
 
sammy1872 said:
We sre genuinely f@cked atm. I dont see how we ever dominant again. They have everything sowed up from recruitment, finances, media, governing bodies, refs,

We are fighting with an arm tied behind our back every year. It looks like 1 title every 6/7 years unless something changes. The ultimate fear is they make a run for 10 again. If you thought the first run was bad. Imagine the embarrassment of stopping 10 only for them to run up another 10 titles
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It’s a big concern for me, and I voiced that last season on here only to be told there was no chance of it happening.

Since then we’ve continued with a clearly sub-par manager and allowed him to potentially bungle our biggest rebuild since Advocaat.

They’re clear favourites for this season, they’ll get even more CL money next season and it could be when they’re sitting at 5 in a row that automatic CL entry no longer benefits them.

Another shot at 10IAR should be a clear and realistic concern for our fans.
 
Blue Booda said:
All these $$$$ won’t stop them being scudded in the CL tonight I predict they will lose by 3 goals plus

It should also remind us to start beating them on the pitch this squad is more than good enough it’s up to Beale and co to start delivering now ….
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I couldn't care less about them being scudded. I care about them widening the financial gap to an extent that could mean we'd be lucky to win one title a decade. Happening right in front of us.
 
Brookfield Bear said:

Revenue of £120M, profit of £40.7M and £72.3M cash in the bank at the end of June 23.

Also worth noting they had business interruption insurance for Covid and record retail sales.

I know some bears hate talking about that lot but this is important and impacts on us.
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They clearly got a lot of compo for losing angeball and for the COVID insurance ,
However they won't get that every season,

The key is to win the lge asap and deny them the automatic qualification,
They would then need to dig in to their reserves of cash to cover it if they don't sell any players which looks like their intention
 
They just seem to be running their business well unfortunately....we definitely need to be smarter in the transfer and sell on side of things....wish we would watch and learn. Not to mention losing out on CL cash is a major blow.
 
For me, before it was almost always 50 % us or them who would be eventual League winners. I'd put this now at 70 % - 30 % in their favour every season. Our failure to address the loaded dice where refs were concerned was always going to come back to haunt us. They rarely if ever get big decisions against them in the SPFL, while we do. They are now benefiting in huge financial terms as a result.
 
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ICA_86 said:
It’s a big concern for me, and I voiced that last season on here only to be told there was no chance of it happening.

Since then we’ve continued with a clearly sub-par manager and allowed him to potentially bungle our biggest rebuild since Advocaat.

They’re clear favourites for this season, they’ll get even more CL money next season and it could be when they’re sitting at 5 in a row that automatic CL entry no longer benefits them.

Another shot at 10IAR should be a clear and realistic concern for our fans.
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Its an embarrassment this is even a concern
 
SDF said:
Highly regarded and supremely qualified in what department thought ? IIRC we brought him up here to learn how to be a first team coach.

Ceri Bowley was up here 2 minutes and delivering the support lectures on Twitter about what it takes to be successful.
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His qualifications are readily available online and even the Daily Record said ‘His success speaks for itself’ and lists City Group sides achievements while he was with them. He had a PhD in sports psychology and was their head of coaching support.

Anyway the point is that he wasn’t a traditional ‘football person’ but had a big and successful say in City Group operations during his time with them showing that contrary to many opinions on here and elsewhere a person doesn’t need to be ‘a football person, i.e. a retired player’ to be a success at a club.
 
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