Celtic yesterday informed the London Stock Exchange that finances at the club are better than previously anticipated and they expect to produce big numbers when it’s time to reveal their results for the financial year come September.
The club of course banked a whopping £33 million for the 2022 calendar year with a healthy profit of £6.1 million according to the last financial report back in February.
That didn’t take into account Champions league money or the sales of Giorgos Giakoumakis and Josip Juranovic which was reported to be a combined £11 million. Add Jota’s money spinning move to Saudi Arabia – now believed to be as high as £27m – and the club really is quids in. The financial landscape is looking very bright indeed over Paradise.
With guaranteed Champions League group stage football next season and season tickets pretty much guaranteed to sell out every season, the club are in a very good position to flex their financial muscle and push forward not only to remain successful domestically, but make a challenge and compete in the European arena.
It’s a chance we’ve got to take, we’ve been guilty as a club of sleeping on the job in the past and not taking the opportunity to bury domestic opposition while also making significant strides in Europe. That can’t be allowed to happen again.
Hopefully we’ve learned our lesson and I expect big things under Brendan Rodgers as Celtic manager. He certainly would not have come back otherwise. Not only are we the best side on the park, we are light years ahead off it. Time to move out of sight. Anything less won’t be tolerated.
JustAnOrdinaryBhoy – follow on Twitter @ordinarybhoy
HUGE SAVINGS IN THE CELTIC STAR’S SUMMER SALE!
The Celtic Star’s Summer Promotion has been so successful, with hundreds of books at great prices being posted to Celtic fans all over the world, that we’ve decided to continue with the sale until the end of July. We’ve reduced all six books currently available from their usual retail price of £20 and prices are as low as £6 (see below).
All books are high quality hardback, with some signed by the author. And it’s also worth noting that you only pay postage on one book, so it’s free for the second, third and so on. ORDER HERE or click on The Celtic Star image above…this is how it feels to be Celtic!
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- Summer Sale – Just £11
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- Summer Sale – Just £11
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- Harry Hood – Twice as Good
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- Summer Sale – Just £6
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- Summer Sale – Just £6
Prior to the pandemic we had about £30M in the bank but steadily reducing quality in the team.
I see no sense to carrying such a level of profit and doing nothing with it.
Sure we can earmark money to improve facilities at Barrowfield and Lennoxtown but we always have to continue to look to improve the quality of the squad.
Celtic are so well run and rich,that other team are becoming an irrelevance definitely off the pitch and very very slowly on it