Celtic’s Financial Results 2023

The whole situation is being exacerbated by our bad decisions in the transfer market and dare I say it, appointing the right manager.

I'm not playing down the concerns of the gap widening, far from it, but we are not helping ourselves.

If it was down to simply finances, then they'd be sitting on 12 in a row just now. You only need to look at our figures post covid to tell you that.

We were miles behind them in 2018 yet with shrewd recruitment we actually over took them on the park within 2 years.
 
johnto said:
You mentioned there ‘Gerrards squad’ then later mentioned ‘our manager’ obviously meaning Beale.

Just got me thinking, remember the consensus was it was Beale the tactical genius and obviously Gerrard the leader / figurehead

Not to derail the thread too much, but since how they’ve performed since they parted ways, were they maybe the perfect combo?!?!
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Perhaps they were, I think you need a figurehead like Gerrard there to cut through the shite.
 
Traveller said:
Good solid figures. They have a good trading model (as much as it pains me to say that).

Although free runs at league titles and Champions League money due to our continued negligence contributes greatly to that.

Also in before someone says something about the big court case from the USA/paying the victims etc. Been hearing this for years. It's pie in the sky stuff. They have friends in high places and deal in corruption - we need to get our own house in order and stop all this free money they are constantly entitled to.
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Although free runs at league titles and Champions League money due to our continued negligence contributes greatly to that.

"we need to get our own house in order and stop all this free money they are constantly entitled to"

On both counts OP you are 100% correct.

We need a business model built on a sure footing, not the one have at present, that is built on hope.
 
If some are clutching at straws on the hope of court cases eating into their cash then they need to wake up.

These results and our ongoing shambolic running of the club needs addressed urgently.

The denial at the agm last year that the club was getting mismanaged was breath taking.
 
Brookfield Bear said:
They obviously did benefit massively from 2012.

However, that was 11 years ago, prior to 55, Seville, CL football, Covid etc

At some point we need to move on from it and ask why they can post profits that are nearly 50% of our turnover.
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Do they pay any wages to their 40 odd players?
 
I understand why people are alarmed when they see these figures but I think we need to calm our jets. If Celtic were investing £40m more than us in their player squad each year then we might have a problem but that’s not happening and there’s no possibility that it will.
 
This is an extremely serious situation. The board need a proper plan to catch up.

Things can change quickly with correct managerial appointments and squad recruitment, look what happened after 55 and the resulting assets they have and have sold.

The club need to wake up to the situation we are in. We have gift wrapped them auto CL and will probably do the same again this year, 30% more revenues for clubs competing in next years competition, i.e. gap only further widens.

We cannot afford to repeat mistakes (which we are already doing unfortunately).
 
Brookfield Bear said:
They obviously did benefit massively from 2012.

However, that was 11 years ago, prior to 55, Seville, CL football, Covid etc

At some point we need to move on from it and ask why they can post profits that are nearly 50% of our turnover.
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I will die on the hill that to this day 2012 stinks. Whether its government, hmrc, governing bodies, courts whoever Someone was unwilling to help rangers. They wanted what happened to happen. Im sure if it was reversed they would have been helped out the same situation
 
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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See if it was us banking CL money year on year, would you honestly have the same opinion?
 
Valley Bluenose said:
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."
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Thank God some people actually read into it rather than wetting their panties over the headline figures.
 
Our accounts should be healthy compared to year before as Bassey Aribo and CL money will be in this years as all happened after we did last years accounts and and we haven’t spent in summer as outgoings equate to that not sure how much we make in retail
 
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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He was never head of that there mate.
 
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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Maude, fair play to you for chipping away but frankly this is a crazy, disastrous idea that isn’t going to happen in a million years.

Sharing wealth in our league would effectively mean us giving money to the other 10 clubs and combined with a salary cap would significantly impact our ability to compete in Europe which in turn would create a vicious cycle and screw the club over.
 
They are better run than us in almost every way. Does anyone here think if Kent and Morelos had played for them that they would’ve ended up leaving for free ? Not a chance
 
DennistounGer said:
The events of 2012 are still hurting us and they've been massive beneficiaries.
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Exactly. They’re seeing the fruits of Reid’s masterplan. The only blotch on their copybook is 2021 and us managing to come back at all, but we’re still a far cry away from the Rangers of pre-2012. Our unexpected exploits in Europe have also benefitted them.

We have the memories and heartache of Seville …. but they waltz into the Champions League groups two years in a row off the back of 4 years of work on our part.

How the hell are we meant to catch up when they keep raking in cash?
 
bob1873 said:
100% mate I’ve been hearing of the issues surrounding the scum for decades and as yet no one as far as I know has ever been paid a “thin dime”. In my layman’s opinion it will never happen. Their results are excellent.
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Not the best day to have expressed your opinion on this.
 
Valley Bluenose said:
Makes a nice headline. Without getting too off-topic, you do know Brighton spent £100m on transfers this Summer? On the bench they had Joao Pedro (a scorer on the day) who cost around £35m, Baleba who cost around £27m, Verbruggen who cost around £20m (back-up goalkeeper!) plus sundry others. They are not a side assembled on a shoestring. They’ve funded most of it via outstanding sales - a bit like the Dhims have.
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Indeed, the point in that other thread was playing in an organised fashion helps a lot. Our players may not be too shite to succeed, our manager may not be as shite as feared, we do need to fuse those two elements together quickly. And we can replicate the Europa run under Gio and perhaps win the league … and turn a profit and grow
 
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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I’m beginning to share your concerns.

Some posters suggest that all we need to do is win the league - we done that a couple of years ago after three seasons of investment and financial loses (totalling nearly £50M albeit Covid was involved) and the truth is it hasn’t really moved the dial.

They are now in a financial position to attract EPL managers and can spend as soon as there is any sign of trouble. We don’t have such luxuries yet would need to win the title 3 or 4 times in a row to bring financial parity. I just can’t see it happening.

Our squad in my opinion is a poor as pre Gerrard and I don’t think the board have another circa £30M to throw at it.

The summer of 2022 has really screwed us - Davies, Matondo and Ridvan for £10M+ is horrific business. Lammers and Dessers don’t look up to it.

However, this is small fry as until we can consistently match their retail, match day and commercial income the best we can hope for is a title every now and then when they inevitably make an arse of it.
 
Henry2510 said:
Our accounts should be healthy compared to year before as Bassey Aribo and CL money will be in this years as all happened after we did last years accounts and and we haven’t spent in summer as outgoings equate to that not sure how much we make in retail
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An extra 40 million over last years accounts.
 
Henry2510 said:
Exactly we should be that level this year with the bassey aribo CL money in this years accounts
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We won't be quite at that level, but we should post some decent accounts.
We have been playing catch up for over a decade. They have had almost free reign for that time. Covid didn't help our recovery, particularly the ability to spend after winning 55. FFP and our turnover without fans etc helped put paid to that. We failed to capitalise but with some mitigating circumstances, albeit, our on field performances meant we gave them the league.

We have also had to spend a lot in getting Ibrox back up to a decent level, and there is still work to do/being done. NEH also went way over budget, due again, to unforeseen circumstances.

They do have some potential outgoings in the near future though, which could be why they are stockpiling cash. The court cases possibly, although that won't be as much as some seem to think, but their stadium, if you believe some sources, also needs a lot of remedial work. They seem to be lucky getting their safety certificate every year.

All in, we have been caught in an (im)perfect storm the past few years.
I think we are starting to get there off the park, but on the park still requires work.
I think our accounts will be reasonably positive and hopefully helps calm down the panic which has taken over this thread.
 
Will be close to that as bassey aribo is 25 million to start but after the news of they’re going to settle out of court how much cash they have left
 
Notwithstanding fees, how much is going out each week on Matondo, Davies, Yilmaz, Dessers, Danilo + Lammers, for example?

It must be 120k before we even get to Tav, Goldson, Butland, Lundstram…

Our weekly expenditure is eye-watering. And by September, we’re out of the CL and already struggling in the League.

We’re treading water and it’s costing a fortune to do that.
 
Napoleon Wilson said:
Actually, thinking more about that comment.........

Funny how they are now turning a profit. Most clubs & businesses try to keep the books in the red as much as possible.

The reason? Well, that $40m is PRE TAX profit, which means that HMRC will be getting their fair share of tax off it (is it 10-20% these days in UK?)

Big profits, advertised nationally using their media mates................I suspect they are gearing up to sell.
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This is a fair call.
 
Cooper's left peg said:
The mis management in recent years from our board under Park and the shambolic football performance decisions fucked us up. I wish people would stop using 2012 as an excuse.

And the praise that Bisgrove has received in recent years is astounding when you consider how far the bheasts are ahead of us commercially etc.

Added to the fact that we have become a club which hardly wins any trophies then the near future, at least, looks bleak as we fall further and further behind.
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I think you need to be realistic,2012 isnt an excuse its a reason.We started from ground zero and we were in the stranglehold of the spivs until 2015 and the effects of them pillaging our Club was evident in the following years.
Mistakes have been made,big ones like Pedro but we were in no position to attract a top manager when we had little money to spend on the squad.
We are now better off financially and strides have been taken off the pitch however we do need to match that on the pitch.
They have the upperhand but they are not unbeatable as shown everytime they come up against any team in Europe.
Despite all the doom and gloom i think we will win the league cup and despite recent results the league is not a forgone conclusion.Hopefully in the absence of Cantwell and Danillo others will step up and we can get a decent European run.
 
blueismycolour said:
Although free runs at league titles and Champions League money due to our continued negligence contributes greatly to that.

"we need to get our own house in order and stop all this free money they are constantly entitled to"

On both counts OP you are 100% correct.

We need a business model built on a sure footing, not the one have at present, that is built on hope.
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Constantly picking the wrong manager backed up with consistent signing of poor players, the 55 season should have been our catalyst, but instead the players shat the bed and blew it.
 
NI-Bear said:
They are better run than us in almost every way. Does anyone here think if Kent and Morelos had played for them that they would’ve ended up leaving for free ? Not a chance
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One of the guys on the gersnet podcast summed it up perfectly Rangers panic that if they lose a player who will replace them while celtic just get rid and bring someone else in to replace them. Look at haksobanovic or whatever he is called put up a post of social media hinting he wanted to leave and within a week is down signing for Stoke if that was a Rangers player he would still be here 3 transfer windows later
 
No doubting their results are good and are in a strong cash position.

Having read and tried to understand their true financial position and not just see the headline figures, a small glimmer of hope, perhaps clutching at straws here though, is a sizeable portion seems to be required for future payments due on player registrations they've made in past 3 seasons, which totalled £66m, and upgrading Barrowfield, I quote :

"These reserves were used to fund the summer 2023 transfer window and will be used for settling outstanding sums due from transfers over the last two seasons, which are typically paid in instalments. This sum also contains the cash required to fund the significant investment that the Club is planning to make in developing our Barrowfield training facility".

Add in they received one offs totalling £13.5m and they do seem to include Jota sale in gain in player registrations, maybe they are not over the hill and almost out of sight as some suggest.

Also their squad, for all they have spent in last 3 seasons, doesn't look great and certainly has areas of weakness.

No doubt though we are at the stage where every decision we make needs to be a good one particularly on the manager and our playing squad. And that is the real worry, we just seem to be incapable of picking good managers and our signings suffer too much miss and not enough hit in success rate.
 
uneasydaz said:
One of the guys on the gersnet podcast summed it up perfectly Rangers panic that if they lose a player who will replace them while celtic just get rid and bring someone else in to replace them. Look at haksobanovic or whatever he is called put up a post of social media hinting he wanted to leave and within a week is down signing for Stoke if that was a Rangers player he would still be here 3 transfer windows later
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We did slightly better this summer but these medium sized sales need to be a regular thing.
 
JeffreySpauIding said:
We did slightly better this summer but these medium sized sales need to be a regular thing.
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Aye but it's also the deadwood aswell we need to get cash for we spent the summer trying to get Wright away and didn't get him away now we are stuck with him until January atleast and is nowhere near the first team apart from Europe due to registration rules
 
They have a shitload of cash in the bank but they want to build a museum and event venue. Their plan will involve the Rangers museum and the event space, how much will they need to spend to make theirs bigger (but not better) ?
Their wage bill must be huge with such a large pool of players
The paedodome needs significant maintenance
The CSA case is starting to settle and will involve some money (unfortunately much less than we hope), nda's signed and quietly forgotten in the media
Are they still interested in building an hotel ?
 
Our sojourn to the lower leagues has had the desired effect for the Peados,The financial advantage they have gained will last for a lot longer than a lot of people expected.
 
Mozza said:
I understand why people are alarmed when they see these figures but I think we need to calm our jets. If Celtic were investing £40m more than us in their player squad each year then we might have a problem but that’s not happening and there’s no possibility that it will.
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I get what you are saying here mate, but they don't need to make that kind of investment. A few tweaks and we are playing catch up.
 
Syme said:
See if it was us banking CL money year on year, would you honestly have the same opinion?
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Yes. I dont see the point in having a league competition with no competition. Its pointless, its predictable and its boring. Its caused by the uneven distribution of money and its only going to get worse.
 
Cooper's left peg said:
The mis management in recent years from our board under Park and the shambolic football performance decisions fucked us up. I wish people would stop using 2012 as an excuse.

And the praise that Bisgrove has received in recent years is astounding when you consider how far the bheasts are ahead of us commercially etc.

Added to the fact that we have become a club which hardly wins any trophies then the near future, at least, looks bleak as we fall further and further behind.
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Whatever you want to say about 2012, there's no doubt it has severely damaged the club. Like all thinking in the west, everything should be sorted yesterday.

Doesn't work like that, unless we want to go into massive debt again of which, next time there will be no coming back from. Basically we need a sugar daddy and with the sorry state scottish football is in, that's very unlikely.

They are run like an Irish mafia and those years when they had an easy free run, that we are struggling to keep up with. So either we have to accept that this is going to be a long fight or get reckless with the club again.

In fact this thread is everything I hate about modern football. Not a go at the op as he is correct to post this, but I love football as it's really a simple game, but now I'm reading more about the business side of football these days. David Campese the Australian rugby legend, said that money ruins sport. How right he was.
 
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