CELTIC Accounts and finances

might as well have nothing in the bank if its not being spent

 

I really don’t understand this. Not spending on transfers or even infrastructure like stadium improvements and then letting it get taxed is an example of how badly and inefficient we are being run.

All this is probably just to inflate their bonuses at the end of the day.

I would love to see some consortium take over from the current board, a new group who are more open, more proactive and more ambitious.

 

Noel Gallagher, Jim Kerr and Snoop Dogg aren't short of a few quid

 

Just to further emphasise the point above this article from Swiss Ramble shows how Club Brugge operate.

https://swissramble.substack.com/p/club-brugge-finances-202324

They have amortisation of signing costs both of €29m so at least double us per annum, that is regardless of being Champions league (22/23) or Conference league (23/24). So they invest far more in players. Their wage bill is also £10m more in 23/24 and even higher in a CL season over £15m more.

Also note 22/23 was a record revenue for them at €99m.

From an operational perspective both years they make a loss a small one on Champions league and a near €30m one without.

Where they make this up is player trading with gains of €51m (22/23) and €73m (23/24).

They carry some debt around €35m and only had €5m cash at bank at the end of 23/24 which to now will likely have gone up to €15m category or slightly higher.

In summary they are set up to operate as a football club who have a player trading model, want to compete for the title each season and play Champions League each year. Where they have a league revenue advantage to us they rely on a capacity of half ours to generate match day revenue and have a lot lower revenue from that source as a result.

They make significant sums from player trading every year but reinvest those sums healthy back into the playing staff so they can again generate big sums year after year. Not shown in the accounts but they also promote from their youth team to supplement their signings.

They play in a more competitive league, there is actually nothing other than those running Celtic that stops us running their model.