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

Late Findlay goal condemns Celtic to defeat at Kilmarnock

Super-sub Leigh Griffiths heads dramatic late Celtic winner

Brendan Rodgers ahead of Europa League opener: We need ruthless streak

Celtic orders independent review after pre-match crush

More in this Section

The Stamford Bridge showdown – how Sarri and Mourinho compare

Valverde plays down Neymar return ‘speculation’ ahead of Sevilla showdown

Attacking trio in line to return for misfiring Real Madrid against Levante

Donegal confirm Stephen Rochford as part of their backroom team


Breaking Stories

A tempting taste of what is on offer in Dingle

Too much information? Lindsay Woods on 'sharenting'

Graham Norton: ‘If it was hard work I couldn’t do it’

Saying yes to the dress: Behind the scenes at the royal wedding

More From The Irish Examiner