Record revenues at Celtic

Celtic's income has gone up £52m to a record £90m due to Champions League qualification and increased season ticket sales. Having Rangers in the same division also helped.

41 per cent of the revenue was derived from the stadium, 40 per cent came from media and merchandise accounted for 18 per cent.

The wage bill was up 40 per cent because of player recruitment, the cost of hiring Brendan Rogers and player bonuses. However, at £46.2m it was a prudent 51 per cent of turnover and still three times that of Rangers.

£13.8m was spent on player signings compared with a £66.8m average in the Premier League.

A full analysis of the Celtic accounts can be found here: Price of football

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The Political Economy of Football V2

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