Celtic’s financial results for 2023/24 were very good, as they posted a £17.8m pre-tax profit (£13.4m after tax). That said, this was down £22.9m from the previous year’s huge £40.7m profit, though in fairness that was a record for Scottish clubs. This was mainly because 2022/23 included a couple of material once-off items, amounting to £13.5m, made up of a £10m business interruption insurance claim and £3.5m compensation received from Tottenham for Ange Postecoglou. In addition, profit from player sales more than halved from £14.4m to £6.6m, though revenue rose £5m (4%) from £120m to £125m, which was a new record for the club (and indeed Scotland). However, operating expenses increased by £9m (8%) to £117m. Celtic have managed to grow their revenue by £41m (49%) since before the pandemic, up from £83m in 2018/19 to £125m. In fact, they have set a new club record in each of the last two seasons with decent growth in all three revenue streams. The expectation is that Celtic’s re
Wrexham co-owners Ryan Reynolds and Rob McElhenney have welcomed New York-based Allyn family as new minority investors in the League One club. In a joint statement, the Hollywood actor duo said: “Wrexham has earned the world’s attention and we are focused on bringing on board world-class partners to help with the next phase of our growth. Based in Skaneateles, New York, the Allyns made their fortune through Welch Allyn, the global manufacturer of medical equipment. By selling an equity stake to the Allyn family, Reynolds and McElhenney have brought in welcome funds at a time when the ambitious League One club is embarking on several major infrastructure projects as well as looking to maintain the upwards trajectory that has seen Phil Parkinson’s side win back-to-back promotions. A state-of-the-art Kop stand is planned that will partly be funded by public money, Wrexham having last week appointed a new architect in Populous with a view to the new structure being open in time for