Celtic Accounts

[Billy Whizz]

Just realeased 1/2 year accounts. Turnover for 6 months is £90m. BBC reporter said Rangers approx turnover for 6 months is £16m

They gulf between Celtic and the rest of Scottish is enormous

http://m.bbc.co.uk/sport/football/41340467

[Thecat23]

Yet some keep wanting Celtic to do well in Europe. Sorry I don't care if it gives us a little extra they are pulling away from the rest it's embarrassing. No other team will win the Scottish Premier for at least the next 10/20 years including The Rangers.

But I think by then there will be an Atlantic League or another league where they won't be here. I can't wait until that happens because no one will get close.

[Smartie]

Some mental figures in there.

Revenue increase of 74.2%?

Operating expenses increased by 33.3%?

That one hell of a fluctuation as a result of Champions League Qualification.

How on Earth do you budget for that?

[CropleyWasGod]

I'm a bit confused by that report.

The figures are for the first half of this year...to 30th June. They were out of Europe by Christmas, weren't they?

I'm not sure what the CL comments are about.
.

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[Mick O'Rourke]

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Just realeased 1/2 year accounts. Turnover for 6 months is £90m. BBC reporter said Rangers approx turnover for 6 months is £16m

They gulf between Celtic and the rest of Scottish is enormous.

http://m.bbc.co.uk/sport/football/41340467

We too are enormous, dont you know.
But not as "famous" as our not so noisy neighbours across the city.

11 against 11
We will have Stokes on Fire for that upcoming game against the east side of Glasgow club who sought to destroy Edinburgh Hibernian when Glasgow businessmen betrayed Brother Wilfred and his mission.

Dont ever let them forget that.

They cannot even spell the name of our club correctly !!

Remember that banner they flaunted at the Holy Ground?

Keep The Faith
Glory Glory

Pee S

exscuse any speeling erroras i maid in this poste !!

[Jim44]

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Just realeased 1/2 year accounts. Turnover for 6 months is £90m. BBC reporter said Rangers approx turnover for 6 months is £16m

They gulf between Celtic and the rest of Scottish is enormous

http://m.bbc.co.uk/sport/football/41340467

Rodgers, complaining and bleeting about the unfairness of having to compete with all those rich clubs in Europe, said that the relative unfairness of their income domestically was irrelevant. Patronising idiot. I hope PSG take ten goals off them in Paris.

[Billy Whizz]

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I'm a bit confused by that report.

The figures are for the first half of this year...to 30th June. They were out of Europe by Christmas, weren't they?

I'm not sure what the CL comments are about.
.

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Some more detail on their official site

Financial Highlights
- Group revenue increased by 74.2% to £90.6m
- Operating expenses increased by 33.3% to £76.3m
- Gain on sale of player registrations of £2.3m (2016: £12.6m)
- Profit before taxation of £6.9m (2016: £0.5m)
- Year-end cash net of bank borrowings of £17.9m (2016: £3.6m)
- Investment in football personnel of £13.8m (2016: £8.8m)

CHAIRMAN’S STATEMENT
These results, which declare sales revenue of £90.6m (2016: £52.0m) and a profit before taxation of £6.9m (2016: £0.5m), reflect the paramount importance to the Company of participation in the group stages of the UEFA Champions League.

[CropleyWasGod]

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Some more detail on their official site

Financial Highlights
- Group revenue increased by 74.2% to £90.6m
- Operating expenses increased by 33.3% to £76.3m
- Gain on sale of player registrations of £2.3m (2016: £12.6m)
- Profit before taxation of £6.9m (2016: £0.5m)
- Year-end cash net of bank borrowings of £17.9m (2016: £3.6m)
- Investment in football personnel of £13.8m (2016: £8.8m)

CHAIRMAN’S STATEMENT
These results, which declare sales revenue of £90.6m (2016: £52.0m) and a profit before taxation of £6.9m (2016: £0.5m), reflect the paramount importance to the Company of participation in the group stages of the UEFA Champions League.

The accounts are for the full year, which makes more sense.

More fool me for believing the BBC

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[Stuart93]

For all of the money they've made only £6.9m of that is pre tax profit. Where does all the money go?

[seanshow]

They are so far in front, it has no relevance to me as a Hibs supporter we havn't won the league for 65 years and this is not going to change anything.
It may become a test of the loyalty for the sevconian hoardes over the next 10 years.

[Billy Whizz]

Remind me what our t/o is per annum

[Nicho87]

Rodgers moaning about the financial gulf between them and the rest of the biggest clubs in Europe meant I lost all respect for him. Decent manager yes. Total arrogant arse. Also yes. Hope they get pumped out.

[Joe6-2]

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Rodgers moaning about the financial gulf between them and the rest of the biggest clubs in Europe meant I lost all respect for him. Decent manager yes. Total arrogant arse. Also yes. Hope they get pumped out.

Twat!

[jacomo]

Uncatchable. For the foreseeable future at least.

Best we can hope for is that some of this wealth is spread around by Celtc paying over the odds when they sign players from other Scottish teams.

[NAE NOOKIE]

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They are so far in front, it has no relevance to me as a Hibs supporter we havn't won the league for 65 years and this is not going to change anything.
It may become a test of the loyalty for the sevconian hoardes over the next 10 years.

This is how I look at it as well, their resources are so vast compared to everybody else losing to them is no longer a cause for any disappointment, annoyance, anger or any other negative emotion which would normally accompany Hibs losing to another Scottish club ..... they could put two teams on the park capable of winning the Premiership. From my point of view any game against them is a free hit, if we get anything brilliant, if we don't its ho hum who cares, onto the next game.

I just don't get where the joy is in being a Celtic supporter .... If they were building teams from the ground up and winning stuff on a level playing field fine, or even if it was a case of having a large windfall that put them out in front for a few years. But this seems to me like a never ending 'Groundhog day' where nothing will ever change, win after win, league after league, cup after cup with no competition to speak of ..... don't tell me that eventually that wouldn't bore the tits off you

[Nicho87]

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Twat!

I hope ye mean Brendan lol

[WhileTheChief..]

They've got to get to 55 or whatever.

[OxoHibby]

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This is how I look at it as well, their resources are so vast compared to everybody else losing to them is no longer a cause for any disappointment, annoyance, anger or any other negative emotion which would normally accompany Hibs losing to another Scottish club ..... they could put two teams on the park capable of winning the Premiership. From my point of view any game against them is a free hit, if we get anything brilliant, if we don't its ho hum who cares, onto the next game.

I just don't get where the joy is in being a Celtic supporter .... If they were building teams from the ground up and winning stuff on a level playing field fine, or even if it was a case of having a large windfall that put them out in front for a few years. But this seems to me like a never ending 'Groundhog day' where nothing will ever change, win after win, league after league, cup after cup with no competition to speak of ..... don't tell me that eventually that wouldn't bore the tits off you

But this is their point about the gulf between then and the other leagues in the cl. I found their result against psg quite sad. Not that I like celtic in any way but if they can't compete in the cl what chance do hibs have. It's not even like psg are a big European club. Financial doping wins

[weecounty hibby]

Remember when our jambo chums told us we were no longer their rivals but Celtic were? Bunch of fuds. No one in Scotland is even close to celtic anymore, not even the hun

[green day]

Must be a bit dull being a tic fan right now. This match is dull as ****.

[Eyrie]

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Must be a bit dull being a tic fan right now. This match is dull as ****.

Must be dull being a Celtc fan at any time.

Given the comparative resources and players, their fans must expect to win every domestic game, so there's no thrill if they do and only disappointment if they don't.

[Bishop Hibee]

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Must be dull being a Celtc fan at any time.

Given the comparative resources and players, their fans must expect to win every domestic game, so there's no thrill if they do and only disappointment if they don't.

All about 10 in a row and Europe. That's why I loved them getting pumped by PSG.

[ajf]

I can picture a scenario where teams are playing their 2nd team against Celtic because they have a big game against their rivals 3 or 4 days later , imagine being a Celtic fan then , total lack of interest and competition .

[Colr]

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Just realeased 1/2 year accounts. Turnover for 6 months is £90m. BBC reporter said Rangers approx turnover for 6 months is £16m

They gulf between Celtic and the rest of Scottish is enormous

http://m.bbc.co.uk/sport/football/41340467

Remember thats turnover not profit. The gulf will be much larger once costs are taken into account.

[Hibernia&Alba]

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For all of the money they've made only £6.9m of that is pre tax profit. Where does all the money go?

Their wage bill will be huge; then there's transfer fees and operating costs.

£90 million turnover is enormous compared to the rest of Scottish football, but isn't comparable to the biggest teams in Europe. Man United and Real Madrid have a turnover of over £500 million.

[calumhibee1]

What’s our turnover in comparison?

[Iain G]

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Just realeased 1/2 year accounts. Turnover for 6 months is £90m. BBC reporter said Rangers approx turnover for 6 months is £16m

They gulf between Celtic and the rest of Scottish is enormous

http://m.bbc.co.uk/sport/football/41340467

That's a lot of pastries in 6 months...

[Gettin' Auld]

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What’s our turnover in comparison?

Wasn't it £6 million+ last time? Somewhere between £6M and £7M if i remember correctly.

[calumhibee1]

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Wasn't it £6 million+ last time? Somewhere between £6M and £7M if i remember correctly.

That’s the kind of region I had in my head. So the gulf between us and Celtic is about 15x. I’d hazard a guess the difference between half the league and Celtic is about 30x. The difference between Celtic and Real Madrid is about 6x. And Rodgers wants to tell people that the two are incomparable? He’s probably right, but not for the reasons he thinks he is.

[CorrieHibs]

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Must be a bit dull being a tic fan right now. This match is dull as ****.

But still we get plenty glory hunters from Edinburgh and Lothian's going through to support them. Even worse is folk wearing their shirts from here and never been to a match.