Celtic blow Premier League clubs out of the water as finance expert issues ‘staggering’ £150m claim

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Celtic are cash rich right now and the accounts tell us as much.

Celtic released their financial interim report recently and revealed multiple reasons behind their success and why they do indeed have such significant sums in their club coffers.

Chairman Peter Lawwell explained how the club – in terms of cash at hand – posted profits of £26.9million while their profit before tax was £43.9m. The club also retains a massive balance sheet of £65.4m in the bank and that comes despite the signings of both Adam Idah and Arne Engels who both broke Celtic transfer records over the summer.

There were slight decreases in revenue by 2.1 percent but the sale of Matt O’Riley as well as other decent price fetches from other clubs meant there was a profit from player trading for Brendan Rodgers’ side.

With clubs in England now releasing their own financials at the moment, 67 Hail Hail decided to consider how much Celtic can realistically look to rake in this season when taking everything into account.

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Finance expert says Celtic could rake in £150m

GRV Media’s Head of Football Finance and Governance Content, Adam Williams, pored over the Hoops’ interim report as well as their Champions League prize money cash pot and projected big things for Celtic over the course of the full season.

And he compared the Scottish Premiership giants to Premier League heavyweights and here’s how he reckons Celtic stack up.

“Celtic are just ridiculously good at making money,” Williams told 67HH.

“Revenue for the first six months was slightly down based on the same period last year, but it looks like some of the Champions League income has been deferred and will be banked in the second half of the year.

“There is a chance they could break the £150m barrier in terms of revenue this season. If they had been able to make it through to the round of 16 in the Champions League, I think the £150m landmark would have been virtually guaranteed.

“But even without that I’d give them decent odds.”

How Celtic compare to Premier League clubs financially

Williams explained how Celtic would only really be doing battle with clubs towards the bottom of the Premier League when it comes to financial income over the course of a season.

But when you compare the TV revenue between both divisions, the difference is astronomical. Embarrassing, even.

So Celtic can be proud of how they’ve been run. And success breeds more success.

“We’re seeing Premier League clubs release their accounts at the moment, and £150m in revenue would put Celtic in line with what one or two at the bottom of the English top flight earn,” Williams added.

Position	Team	Played MP	Won W	Drawn D	Lost L	For GF	Against GA	Diff GD	Points Pts
1	CelticCeltic	29	24	3	2	87	17	70	75
2	RangersRangers	29	18	5	6	59	26	33	59
3	HibernianHibernian	29	11	10	8	44	40	4	43
4	AberdeenAberdeen	29	12	6	11	38	46	-8	42
5	Dundee UtdDundee Utd	29	11	8	10	36	36	0	41
6	MotherwellMotherwell	29	11	4	14	34	48	-14	37

“That is pretty staggering when you consider that the English TV deal is worth about 45 times more than the Scottish Premiership’s.

“Net profit before tax since 2010 is about £85m. The results suggest to me that they will come close to the £40m profit they made in 2022-23, so you’re close to £125m worth of profit in 15 years.

“I can’t think of too many clubs in Europe who can match that record. For context, Liverpool are considered one of the best run clubs in the world and have an enterprise value of around £4bn. Their aggregate profit over the same period was £184m.”