Colin Traive 22,775 Posted October 26, 2020 Share Posted October 26, 2020 Apparently their profits have dropped from 11m to 100k. Details to follow. Edit: to 30 June 2019 profits £11.3m 2020 profits £0.1m Link to post Share on other sites More sharing options...
scottyscott1963 18,328 Posted October 26, 2020 Share Posted October 26, 2020 2 minutes ago, Colin Traive said: Apparently their profits have dropped from 11m to 100k. Details to follow. £10.900.000 shipped on "DROSS" coined by huremberg shug. Coming home to roost ya mutant bastards. multi tasking on my laptop,watching stv noos and listening to the mutants on ssb what a week Link to post Share on other sites More sharing options...
Hadron Collider 30,883 Posted October 26, 2020 Share Posted October 26, 2020 8 minutes ago, Colin Traive said: Apparently their profits have dropped from 11m to 100k. Details to follow. Edit: to 30 June 2019 profits £11.3m 2020 profits £0.1m Where’s this mate? Link to post Share on other sites More sharing options...
maverick1200 2,828 Posted October 26, 2020 Share Posted October 26, 2020 2 hours ago, Professor_Chang said: Ajer would b e better as a holding cm I'm sure that's where he used to play. Well it was when I used to buy in FM back in the day before the scum bought him. Link to post Share on other sites More sharing options...
scottyscott1963 18,328 Posted October 26, 2020 Share Posted October 26, 2020 Just now, maverick1200 said: I'm sure that's where he used to play. Well it was when I used to buy in FM back in the day before the scum bought him. can move him up when the £5 million quid keeper moves into defence Link to post Share on other sites More sharing options...
GersInCanada 7,775 Posted October 26, 2020 Share Posted October 26, 2020 19 minutes ago, Colin Traive said: Apparently their profits have dropped from 11m to 100k. Details to follow. 100k before tax will lead to a loss after tax. When you look at the money they wasted over the summer they are now deep in it. Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,723 Posted October 26, 2020 Share Posted October 26, 2020 20 minutes ago, Colin Traive said: Apparently their profits have dropped from 11m to 100k. Details to follow. Edit: to 30 June 2019 profits £11.3m 2020 profits £0.1m Just about breaking even and that includes 24m Tierney money. And thats to June so won't include any covid impact from July onwards. House of cards right enough. Link to post Share on other sites More sharing options...
mrmojorisin 13,619 Posted October 26, 2020 Share Posted October 26, 2020 Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted October 26, 2020 Share Posted October 26, 2020 Jesus fucking christ, making a loss with a 24mill player sale in it, thats martin bain style accounts, they are well and truly humped this year financially Watch the firesale in jan, they can't even afford to sack lennon and hire someone else 😂😂😂 Link to post Share on other sites More sharing options...
SteveEarle 9,749 Posted October 26, 2020 Share Posted October 26, 2020 From the BBC.... As good a day to announce bad news as any. Celtic have announced a pre-tax profit of just £0.1m, with group revenue falling by £13m from the previous year as the club deal with the Covid-19 pandemic. Accounts published by the Scottish champions show income dropping by 15.8% from £83.4m to £70.2m. Last year's profit before taxation was £11.3m. Club chairman Ian Bankier said Covid-19 has had an "adverse impact on our operations and our balance sheet". "At the time of writing we, like many football clubs and indeed many businesses, are still grappling with the challenges the pandemic presents including the near term uncertainty," he said. "[The impact on financial results] was largely attributable to the value destructive impact of the pandemic across many aspects of our business. Nevertheless, these results are satisfactory in the circumstances at hand." Celtic's statement shows that operating expenses did also go down, with a 7.3% reduction in outgoings amounting to £80.5m. A total of £24.2m in player sales was brought in - a large part of that down to Kieran Tierney's sale to Arsenal - in an increase of transfer income of £6.5m on the previous year. However, the club spent £20.7m in the year ending 30 June - including Christopher Jullien and Boli Bolingoli - which was markedly up on the £6.2m of the previous 12 months. More to follow. Link to post Share on other sites More sharing options...
KingKirk 25,647 Posted October 26, 2020 Share Posted October 26, 2020 Win this title and there up shit creek 24 million pound loss if it wasn't for player sales and they haven't sold anyone this summer. Do the business Rangers Link to post Share on other sites More sharing options...
GersInCanada 7,775 Posted October 26, 2020 Share Posted October 26, 2020 Just wait until our numbers come out. Still probably trading at a loss but nothing the board cannot handle. At that point the deflection will begin. No CL money, no big players sales, money wasted over the summer on 'players'. If karma hits they are headed for the bottom league without the support or media interest to spark a revival. Link to post Share on other sites More sharing options...
frenv 2,125 Posted October 26, 2020 Share Posted October 26, 2020 8 minutes ago, Rangers_no1 said: Cant believe people are surprised at the figures. They spent £20m last summer. Year before the profit was due to the Dembele sale. Lose of revenue from home matches last year. We could have guessed certain figures from what was being banded about for certain players they wanted shifted, all priced conveniently in the 'we need 20m+ please' bracket. That explains why they were supposedly looking for 40m for Frenchie given the 40% sell on they've bizarrely agreed to. Can't see who they're hoping to get big money for during the January window - three of their 'first team' are loans. Link to post Share on other sites More sharing options...
TheKingObv 10,646 Posted October 26, 2020 Share Posted October 26, 2020 £21 million in fees And who do they have to show for it? Link to post Share on other sites More sharing options...
scottyscott1963 18,328 Posted October 26, 2020 Share Posted October 26, 2020 The mHanky tramps could always pawn the last 11 bank balance trophies Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted October 26, 2020 Share Posted October 26, 2020 7 minutes ago, Rangers_no1 said: Cant believe people are surprised at the figures. They spent £20m last summer. Year before the profit was due to the Dembele sale. Lose of revenue from home matches last year. Their loss of revenue isnt surely down to home matches, a 13mill drop is way more than that Im sure when copenhagen dumped them on their arses, the media were saying that we were to get all the scottish part of the euro tv money cause we were in it the longest, Link to post Share on other sites More sharing options...
scottyscott1963 18,328 Posted October 26, 2020 Share Posted October 26, 2020 will be interesting to see how much sleekit pete has lifted from the pot. The mutants will be commiting mutiny...well!!...the ones who haven't chucked themselves over Erskine Bridge. Link to post Share on other sites More sharing options...
Broxi 11,484 Posted October 26, 2020 Share Posted October 26, 2020 Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted October 26, 2020 Share Posted October 26, 2020 1 minute ago, Rangers_no1 said: Covid didnt just hamper match day revenue it affected all aspects of income. Their fans were also able to get season ticket refunds for games missed. That could be millions. No way that the refunds were that much, they only had about 5 home games left if that did they not, Im thinking their ST sales last season werent as high as they said, and they were reliant on match day goers Also the season before they made it further in Europe than we did, so if the tv money thing is right then thats a massive swing in our favour Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted October 26, 2020 Share Posted October 26, 2020 Also, 80.5mil to run a scottish football club, 80.5million quid, let that sink in, Thats 1610 glen kamaras, 1789 shane duffy weekly wages, the thumbs monthly gear bill That ia an absolute shocker of an expenses figure for a club that's had a free reign at Scottish football for a decade, and they have nothing to show for it, assets depreciation in value at great speed, no rated youths breaking into the team, They are a shambles Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted October 26, 2020 Share Posted October 26, 2020 6 minutes ago, Rangers_no1 said: Say £20-25 a game? Thats £100+. One was also an Old Firm game which is near £50. 10k refunds is £1m. We will never know exact figures, but Covid clearly had a big impact and it will with us as well bar refunds obviously. Even if refunds came to say 2mill, another 11 on top of that has been lost from somewhere, they played the same amount kf euro games as previous season Maybe a mill tops in scottish Cup prize money i guess, still their drop seems a lot given we only shut down with 2 months to go Link to post Share on other sites More sharing options...
esquire8 42,744 Posted October 26, 2020 Share Posted October 26, 2020 23 minutes ago, Rangers_no1 said: Bank figure down over 10m to 18.2m. That will continue to go down without CL money. Player sales inevitable in the next two windows imo. That Athletic article said they tried to sell their best assets this last window and no one was interested. Eduoard is their only sellable asset and even then they need to sell him for a extraordinary amount to make any sort of money due to the sell on clauses to both him and PSG. Last few windows they've bought really, really badly to coincide with the new DoF taking his place. Add to that their ridiculous wage bill and you've got the perfect storm. Link to post Share on other sites More sharing options...
LochendBilly 8,413 Posted October 26, 2020 Share Posted October 26, 2020 Link to post Share on other sites More sharing options...
Don54 25,517 Posted October 26, 2020 Share Posted October 26, 2020 Aye but they'll rake in the money when the sequel to My Left Foot hits the shelves Link to post Share on other sites More sharing options...
BlueKnight87 17,286 Posted October 26, 2020 Share Posted October 26, 2020 19 minutes ago, Jimbeamjunior said: Also, 80.5mil to run a scottish football club, 80.5million quid, let that sink in, Thats 1610 glen kamaras, 1789 shane duffy weekly wages, the thumbs monthly gear bill That ia an absolute shocker of an expenses figure for a club that's had a free reign at Scottish football for a decade, and they have nothing to show for it, assets depreciation in value at great speed, no rated youths breaking into the team, They are a shambles That's an utter ridiculous amount of money to keep things going along. Dave King house of cards prediction, if we win one title might not be far off. Link to post Share on other sites More sharing options...
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