Celtic make bullish Stock Market statement

Celtic have issued a bullish message to the London Stock Market, announcing stronger than anticipated income for the year to June 2023.

Since the end of the 22/23 accounting year the club has banked a massive transfer fee for the sale of Jota which will help fund the plans of Brendan Rodgers.

The announcement takes account of four Hampden appearances that helped the club to win four trophies but the main boost will be the transfer fees for Giorgos Giakoumakis and Josip Juranovic plus compensation from Spurs for Ange Postecoglou.

The Stock Market announcement read:

Celtic has enjoyed a strong on pitch performance in the 2022/23 football season having won the domestic treble. In addition, it has enjoyed a successful year in generating gains from player trading. As a result of such gains, Celtic now expects earnings for the year ended 30 June 2023 will be significantly higher than previous expectations, which were formed before the conclusion of the season and prior to certain player disposals.

Player registration valuations and player trading can and often do materially influence Celtic’s financial performance in addition to trading revenue. The Summer transfer window is now open and following the closure of the window and the finalisation of the year end balance sheet review, the Club will then be in a position to confirm the extent of its improved earnings by publishing its results for the year ended 30 June 2023, in line with its usual timetable in mid-September 2023.

In the year to June 2022 Celtic had turnover of £88.2m, with the addition of Champions League income and the three fees detailed above turnover could well be back to above £100m.

With the sale of Jota and another Champions League campaign getting underway Celtic have the ideal opportunity to consolidate on their current position of strength but most income streams are significantly dependent on delivering success on the park.