The celtic newco set up in 2001 is the main trading company. It receives all the income and pays all the players and costs.
– But remarkably, the celtic company from 1897 owns the stadium and owns the players, in other words the players are owned by one company (1897) and paid by another company (2001).
– The 1897 company does not receive the matchday income, or the media, UEFA, merchandise or any other income.
– The 1994 newco describes its activity as “football club management” and may therefore be involved with the football club licence, but otherwise is not the main trading company.