Celtic report rapid rise in revenue for first half of season

Celtic's income in the first half of the season almost doubled compared to the previous year, according to the club's interim report.

Revenue for the second half of 2016 was £61.2m, an increase of 95% on the same period in 2015.

The latest figure was higher than group revenue for the whole of last season (£52m).

Celtic's qualification for the Champions League group stages helped them make a pre-tax profit of £18.6m over six months, a rise of almost £7m in the previous season, when Celtic competed in the Europa League groups.

The report reveals the club spent £9.5m on transfers during the summer. Manager Brendan Rodgers brought in Moussa Dembele, Scott Sinclair, Cristian Gamboa and Dorus de Vries.

The Scottish champions received £2m after selling Stefan Johansen to Fulham.

Celtic reported cash in the bank of £18.6m at the end of the year, up almost £11m in 12 months.

Chairman Ian Bankier wrote: "The board is optimistic about our immediate future and firmly supports the self-sustaining financial model that has served us well.

"We continue to seek to influence developments in domestic and European football through representation on the board of the Scottish Professional Football League, the European Club Association executive board and the UEFA Club Competitions Committee.

"Looking forward, and entirely in line with our trading seasonality, we do not expect the same level of financial performance in the second half of 2017.

"In this period we will play fewer home fixtures and no European games."

Related Articles

Brendan Rodgers must turn focus to Europa League after 'step too far'

Paul Lambert: Celtic squad not big enough to compete on all fronts

Celtic held at home by 10-man AEK to dent Champions League hopes

Celtic start Premiership title defence in style

More in this Section

Football rumours from the media

Manchester City wait on Kevin De Bruyne injury update

Alan Kerins praises former teammate: I knew Donoghue would be success

David Brannigan: Depleted fleet but Galway still offers best of the West

Today's Stories

Life’s a beach for new Limerick generation

Why Limerick may have to lose one to win one

Michéal wins battle of the O’Sullivans at Durrus

No need for hunger games in the Gavin guide to ongoing success


New father’s life ‘changed forever’ after he was run over by surgeon

More From The Irish Examiner