Celtic’s financial success must lead to greater European ambition and progress

Record breaking profit shows that Celtic is a very well run club, on and off the park, but we still must aspire to compete in Europe…

Celtic yesterday announced a record pre tax profit of £40.7 million in the latest set of accounts. Champions League group stage football helped massively as did the sales of both Jota and Carl Starfelt.

All this contributed to the club boasting an incredible £72.3 million cash reserve in the bank. To put that into perspective, the 2022 count was less than half at £30.2 million. That is an impressive performance indeed.

Chairman Peter Lawwell spoke of how it’s great to achieve such figures especially when we have to continually compete in the high end regarding salaries. That points to us keeping the current trading model of buying low and selling high.

IMAGO / ANP – Celtic coach Brendan Rodgers and Joe Hart look at a photo of Wim Jansen. Jansen has also been Celtic s coach. During a press conference, PK, Pressekonferenz in De Kuip, Scottish Celtic FC looks ahead to the first match in the group stage of the Champions League against Feyenoord. ANP OLAF KRAAK V ANP Sport

Unfortunately that’s a reality and we do have a ceiling were salaries and transfer fees are concerned, but it’s a model that works for us as is proven on the park. With large profits being announced, it shows how much Celtic rely on that model and also the Champions League income. It’s imperative we continue to be the best domestically so we can continue to be in among Europe’s elite.

It should be noted though that while our finances improve greatly year by year, we should also be aspiring to improve in Europe, progressing year after year and we are about to see if that has been achieved this season from our position of incredible financial strength.

Money in the bank is great, but most supporters want to see a team capable of competing at the highest level in the Champions League.

Just an Ordinary Bhoy

Peter Lawwell, Brendan Rodgers and Michael Nicholson (Photo by Ian MacNicol/Getty Images)

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About Author

An ordinary everyday Celtic supporters hailing and still residing in Govan in the shadows of the enemy. I’m a season ticket holder. I Witnessed my first Celtic game in 1988 and have attended when I can ever since. Growing up in the 90s I witnessed Celtic at their lowest, and now appreciate the historic success we enjoy today. I enjoy writing about this wonderful football club and hopefully will continue to do so. I’ve always been a keen writer and initially started this a hobby. My ambition is to one day become as good an author as my fellow Celtic Star colleagues.

1 Comment

  1. We need to build a new Main Stand.

    The current one, the old one, only holds 8000 people; what a waste of space!

    Amazed me that the rest of our stadium holds 53,000 on its own!

    We could build a monster of a Main Stand, bring the stadium up to modern UEFA standards & increase our gate revenue to epic levels for big games.

    I’m in favour of building a 67,255 seater Main Stand, and its easily doable in that space.