Celtic report hike in profits

Celtic have reported a pre-tax profit of almost £10m for the year-ended June 30, 2013, the 125th anniversary of their founding in 1888.

Last Updated: 23/09/13 at 16:40 Post Comment

Celtic: Profits up in 125th anniversary year

Celtic: Profits up in 125th anniversary year

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The Scottish champions' on-field success resulted in the club turning a £7.37m loss into a £9.74m profit for the 12-month period.

The SPL and Scottish Cup winners also reached the last 16 of the Champions League, taking the number of their home games to 30, up six on the previous year.

Overall group revenue increased by 47.7% to £75.82m, and the club ended the term with £3.76m in the bank, wiping out £2.77m net bank debt from 2012.

Commenting on the figures, Celtic chairman Ian Bankier said: "I am delighted to report the success on the field and, in particular, our European campaign, have contributed to a very sucessful trading period.

"This is not only a highly satisfactory result, but represents a five-year record profit.

"While the undoubted highlight of last season was qualifying from the group stages of the Champions League, it was crucial that we won the SPL title for the second time in a row to get another shot at Europe.

"The momentum we build by competing in Europe at this level in two successive years is considerable, both financially and in terms of our player pool development strategy.

"We have enjoyed tremendous support from our fans, sponsors, business partners and shareholders and I thank them all."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

A

nd yet... Jermain Defoe is still going to pronounce himself gobsmacked when he learns he hasn't made the England squad for the Euro qualifiers.

treeman1
Premier League Winners And Losers

W

e could release Diaby and then re-sign him when nobody else does and he would literally be like a new signing.

john matrix
The Machine Gossip

W

e pay the living wage, living wage, living wage, and that's the way we like it, we like it, we like it!!! Wooo ohhhh ooooohh

hump3.
All Premier League Clubs Should Be Paying Living Wage

Footer 365

Roy Hodgson says Harry Kane may miss out on England squad

Roy Hodgson says selecting Tottenham striker Harry Kane for the next England squad is far from a certainty.

Papiss Cisse faces seven-match ban after admitting FA charge

Newcastle's Papiss Cisse faces a seven-match ban after admitting an FA charge relating to Wednesday's spitting incident.

FA charges Newcastle's Papiss Cisse and Manchester United's Jonny Evans

The FA have charged Newcastle's Papiss Cisse and Manchester United's Jonny Evans over Wednesday's 'spitting' incident.

Mail Box

Have To Trust Managers On Mata

It's all very well bemoaning the lack of action for Juan Mata, but we have to trust the judgement of Van Gaal and Mourinho. Plus Martinez Out, and Leicester are doomed...

Should Gerrard Get In This Liverpool Side?

Never mind the long goodbye, should he actually get back into this excellent Liverpool side playing with pace? Mostly we talk Manchester United, though. It's good...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company