Celtic announce £41m pre-tax profit after Champions League and player sales.
Celtic have announced a pre-tax profit of £40.7m for the year to June in a "record set of financial results".
The figure is more than £34m up on last year's equivalent, with revenue increasing by almost £32m to £119.9m.
The men featured in last season's Champions League group stage, won the domestic treble and made a £14.4m surplus from player trading while the women's team were SWPL runners-up.
Celtic sold Giorgos Giakoumakis, Josip Juranovic and Jota during that period.
Manager Ange Postecoglou left Celtic for Tottenham in early June, with Brendan Rodgers returning to Glasgow as his replacement.
Celtic, who reported £112.1m in total liabilities, are once again in the Champions League, opening their campaign away to Feyenoord.
"This represents a record set of financial results for the club," said Peter Lawwell, who became chairman in January.
"The £31.7m increase in revenue reflects the participation in the Uefa Champions League in season 2022-23, when compared to the Uefa Europa League in the previous season, resulting in greater ticket and media rights income.
"In addition to this, our tour of Australia and a record year for our retail business were also significant contributors to the increase. 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."
Lawwell also reference "the significant investment that the club is planning to make in developing our Barrowfield training facility", which is separate from their main Lennoxtown training base.
And he added: "It is important to highlight that, given the increasing gap between the sums able to be earned between the Champions League and the Europa League, it is vital that we retain a cash buffer in reserve
Loadsamoney
posted on 19/9/23
comment by JFK (U8919)
posted 49 minutes ago
agreed amber @rse, a cash and cheerio doesn't suggest care.
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FFS - just realised your marmalade jib earlier was a gratuitous pop at his hereditary hair colour and not that he might really be a bear that loved the queen.
posted on 19/9/23
comment by Silver (U6112)
posted 3 minutes ago
comment by JFK (U8919)
posted 49 minutes ago
agreed amber @rse, a cash and cheerio doesn't suggest care.
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FFS - just realised your marmalade jib earlier was a gratuitous pop at his hereditary hair colour and not that he might really be a bear that loved the queen.
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I assumed it was that "you can't marmalade your c0kk up a birds arrse" but you can jam it
posted on 19/9/23
comment by Silver (U6112)
posted 9 minutes ago
comment by JFK (U8919)
posted 49 minutes ago
agreed amber @rse, a cash and cheerio doesn't suggest care.
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FFS - just realised your marmalade jib earlier was a gratuitous pop at his hereditary hair colour and not that he might really be a bear that loved the queen.
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Oh steady on old chap
posted on 19/9/23
comment by JFK (U8919)
posted 1 hour, 27 minutes ago
unfortunately there is no such thing as "closure" for the victims of CSA, you live with that your whole life.
money doesn't relinquish trauma, but it may help in other areas of their life which reduce some of the other big pieces of the stress pie.
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Aye, there's no easy way to discuss this. No words seem appropriate to discuss what's happening.
posted on 19/9/23
comment by Call Sign (U3627)
posted 11 minutes ago
comment by Silver (U6112)
posted 3 minutes ago
comment by JFK (U8919)
posted 49 minutes ago
agreed amber @rse, a cash and cheerio doesn't suggest care.
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FFS - just realised your marmalade jib earlier was a gratuitous pop at his hereditary hair colour and not that he might really be a bear that loved the queen.
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I assumed it was that "you can't marmalade your c0kk up a birds arrse" but you can jam it
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Only a bird's. Sooo fussy.
posted on 19/9/23
Heard the boy's counsellor speaking on Radio Scotland this afternoon. She said the boys(men) are happy that some acknowledgement has been made and some sort of restitution will be made also.
posted on 19/9/23
Lagerbielke and Scales. Oh well
posted on 19/9/23
comment by Zico - Celtic Treble Winners 22/23 (U21900)
posted 2 hours, 8 minutes ago
Heard the boy's counsellor speaking on Radio Scotland this afternoon. She said the boys(men) are happy that some acknowledgement has been made and some sort of restitution will be made also.
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We'll need to see what the 'Spotlight' guys on FF are saying.
posted on 19/9/23
comment by Magnum (3 in a row easy) (U22391)
posted 5 minutes ago
comment by Zico - Celtic Treble Winners 22/23 (U21900)
posted 2 hours, 8 minutes ago
Heard the boy's counsellor speaking on Radio Scotland this afternoon. She said the boys(men) are happy that some acknowledgement has been made and some sort of restitution will be made also.
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We'll need to see what the 'Spotlight' guys on FF are saying.
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Aye that and the BBC only covering it as a distraction are all that matters.
posted on 19/9/23
Don’t fancy this chat
No good comes from it and I reckon any opinions will look worse in type.
Much more interested in Celtic losing