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Showing posts with the label Celtic.Scottish Premier League

Do Celtic lack ambition?

Celtic’s results off the pitch in 2023/24 saw their pre-tax profit further improving from £18m to £46m, a record for Scottish clubs.  Revenue rose £19m (15%) from £125m to £144m, another all-time high for Scotland, while profit from player sales shot up from £7m to £31m. The significant increase in Celtic’s revenue was was driven by the successful Champions League campaign, which led to uplifts in match day, up £10.7m (21%) from £49.6m to £60.3m, and broadcasting, up £8.8m (24%) from £36.4m to £45.2m. Both revenue streams established new club records. Celtic have pretty much been in a class of their own in Scotland when it comes to generating money from player trading, as seen by looking at the latest available accounts, where the next highest profit was only £5.6m at Rangers, followed by £1.3m at Aberdeen. Celtic have posted profits in nine of the last ten years, the one exception being the COVID-impacted loss in 2020/21. As a result, they have generated an impressive £135m ...