Celtic plc annual results for year ended June 30, 2025

Averages over 3 years aye?

So in theory, we could spend £40m more each season than we currently do, where we would eat in to the £80 at bank, but in theory be £40m in debt (while making those £120 in losses over the years?)
But at that same time, £40m more each season would realistically improve the squad, meaning we would likely make the knockouts each year of the UCL, meaning the revenue would actually increase! Meaning that potential £40m in debt would likely be cleared come those next three years, meaning we could have a squad that's £40m better each year than we currently do, and although wiping out the money at bank, would then begin to make returns on it again anyway.

The old, speculate to accumulate that out club doesn't do.

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Yeah efficency is key. We arent efficent. Look at the brugge model they will have a year or 2 running at loss or small profit then year 3 balances out. Their squad value increases and their participation in UCL is key to this but they always prepare for this. Unbelievable model they have we could easily do it but refuse for whatever reason mate.

 

Head line for me £77.5m invested over 3 years in transfers etc.

They dont mention the £120m plus brought in during the same period in departures

Corporation tax bill during the 3 year period is £24m

Just think TWENTY FOUR * MILLION PAID TO THE TAX MAN!!!!

Thats just * gaslighting and incompetence!

 

I think someone said that these results only go up to the end of June so that would mean most of our transfer business, which would include the €15m profit we have made, isn’t accounted for. Likely that the Frimpong deal is included somewhere, unless there is a delayed response to receiving the cash.

 

I'm convinced we refuse to do it, much in the same way I believe most of the footballing authorities and clhbs and most politicians in the UK refuse to do stuff, lazy and easiest way to the quickest and safest buck.

Why do something to generate more, when what's coming in is safe and easy and satisfies enough?

We won't do something that could risk a year of losses, when the profit we currently make is so easy for them that they don't need to do * all.
Same way clubs in Scottish football won't vote for any meaningful changes that could generate long term better benefits, because they're scared of losing what little they have currently.


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why with all that money do we not have a rw or a striker for the first team

 

The corporation tax is a real eye opener and damning indictment on our ambition and corporate oversight as well as the final confirmation of the negative impact of cash hoarding.

Any other club would fine a way to 'spend/adjust the profits' rather than meekly handing it over to the tax man.
It's not an issue for 99% of clubs because every ambitious club run at or near break even, or slight loss - at least in the books.

We paid more in one year than we did for our record signing in corporation tax.
Let that sink in.
Surely it would be better to have given some of it the victims of the abuse suffered at ok it club?
Invest in the ground?
Or * forbid, buy some good players.
Anything bar give it away to HMRC. FFS

It's pure and utter corporate incompetence and certainly blows out of the water the 'at least we are well run financially' illusion.
There is no longer a defence for this administration.

 

It's the 'rainy day' fund. Well... it's must be some storm that coming, best start building an ark bhoys and ghirls!

Tight arsed feckers. Penny pinching, money grabbing, self serving egomaniacs. They need showing they are not bigger than the club they are supposed to be custodians of.

 

Yeah they only are upto 30th june

 

Yeah you see the increase on the dividends to jumped from 10p to 14p last season to 22p to 35p

 

Any business does it mate. The company i work for we get to say mid November look at the profit see what we can buy to offset Capital Gains etc then decide the bonuses what plant and office upgrades we make to bring the bill down. Its * ridiculous on our part at celtic

 

Couldn't we solve the corporation tax thing by moving the core business to Ireland and renting the stadium and infrastructure out to a loss-making subsidiary, based in Glasgow, to run/ruin the football side of things?

 

No mate wouldnt be viable

 

No you would either have a PE (permanent establishment) or still be considered tax resident in UK by virtue of management being in the UK (ie board members and board meeting held in the UK.

 

Well, I'm always happy to be educated on these things, so thanks (genuinely); but I don't love that you both thought I was making a serious suggestion rather than attempting to parody the mindset of our board.

 

I work in corporate tax, you would be laughing at the amount of times clients actually do ask these questions!

 

One of the ACSOM boys said it best. Why have a “rainy day fund” and then create the rainy day yourself?

No wonder they need AI for their statements they don’t have a single brain cell between them.

 

Haven't really had time lately to make much reflections here but its as we all expected. With the chronic last of investment in the team that has left us underprepared, our manager fuming and was the biggest contributing factor to the CL qualifier loss - it is sheer incomptence from the board. No levels of excuses will wash with the fans. Lawwell has been reeling out the same excuses every season in our annual report - maybe 5 or 6 years ago the a quite significant part of the fanbase would have agreed with and defended them but I think now the penny has dropped and bar the dwindling cult member PLC lackeys, everyone can see that they are blatantly lying and deflecting from their incompetence.

In the past 3 seasons we have accumulated £67m of post tax profits.
In the past 3 seasons we paid £22m of corporation tax.
In the past 3 seasons we have £70m+ cash reserves at the end of each financial year.

The actual incompetence is staggering. As of the end of June we would have known we had £77m cash reserves, we would have known the region of the profits we were going to pay. There was every facility there for the board to say that we can spend big this summer. There was every facility there for us to actually record a £20m loss this season and still comfortably comply with FFP metrics.

We would have known in January that we are going to generate a huge profit here and we are going to pay a bucket load in tax. This was known, it was not uncertain. Once we beat Young Boys, we knew a major windfall was coming our way. It was time to press the button and spend 30m on a few players.

Had we done that, what would have happened in a reporting context is that, say we bought 4 players in January for a combined 30, presume they all signed 5 year deals and signed on at an avg of £35k per week.

The amortisation on their transfer fees would have been £6m, their salary costs would have around £3.5m. You'd have made the team much stronger, you'd have reduced the huge amount of cash reserves we'd have had and still have comfortable figure in the bank, the tax bill would have been greatly reduced and the ability to earn more revenue would have been increased. We would have gone into this season with a squad that should have got the job done. We would have added a minimum of £20m to our revenue stream this season with CL football. Instead we lost that money, merchanside will take a hit, matchday income will take a hit - all because of the sheer incompetence that runs through our board.

This board like to present themselves as prudent and responsible. It is neither prudent or responsible to lose £30m in revenue in a season, it is not prudent or responsible to be paying £22m over the past 3 years in corporation tax, it is not prudent or responsible to leave 70m+ sitting in a bank account gatherig dust for 3 years. They are all absolutely shocking indications of this boards complete lack of competence.

Lawwell is trying to keep a very low profile right now, I think he is hoping to ride this one out but he has to be the first to go. The arrogance to take no responsibility in the face of all this evidence is what adds insult to injury.