Ange Postecoglou’s £40m Celtic farewell gift
Soccer Football - Scottish Premiership - Celtic v Aberdeen - Celtic Park, Glasgow, Scotland, Britain - May 27, 2023 Celtic manager Ange Postecoglou and Kyogo Furuhashi pose with the trophy after winning the Scottish Premiership REUTERS/Russell Cheyne
Ange Postecoglou signed off at Celtic b handing the club a £40m profit on the back of record breaking turnover.
Winning the Treble alongside participating in the Champions League sent revenues sky high with ticket sales and merchandise piling up high.
After delivering the Scottish Cup to complete the Treble Postecoglou left for Spurs with Celtic picking up significant compensation.
Announcing the 22/23 figures on the club website Peter Lawwell explained:
The results for the year ended 30 June 2023 show an increase in revenue to £119.9m (2022: £88.2m) with a corresponding profit before tax of £40.7m (2022: £6.1m profit before tax). This represents a record set of financial results for the Club due to a combination of factors as detailed below, including some material items of a one off nature.
Since the end of the 22/23 accounting period Celtic have turned in a significant transfer profit with the sales of Jota and Carl Starfelt.
The money spinning Champions League returns tomorrow night with a match away to Feyenoord with Atletico Madrid and Lazio making up the group.
Many fans will celebrate the accounts but over six demanding matchdays Brendan Rodgers will have the task of matching up against top European opposition to try and maintain an interest after Christmas.