Celtic fans have been reacting on Twitter to the club’s newest plc interim report.
The Hoops announced a profit of £18.8m before taxation, which is just £700k lower than this time last year despite qualifying for the Champions League a year ago.
Celtic have done well to maintain such a healthy figure. Granted, the sale of Moussa Dembele to Lyon has played a big part in balancing the loss of Champions League income this year.
Supporters have since taken to social media to voice their opinions on the figures. Here, we take a look at some of that reaction:
More loan signings in the summer then. pic.twitter.com/IyR75m7qMW
— Paddy McPhie (@paddy_mcphie) February 12, 2019
Spend all of it in the summer
— John Hodge (@19jhodgkiss) February 12, 2019
Heated driveway CSC.
— Shaun (@TheTweetofShaun) February 12, 2019
Lawwell at Borrusia Dortmund’s front desk demanding Toljan in the Summer; pic.twitter.com/VXhrLWNBXD
— Ben McDowell (@Ben_McD7) February 12, 2019
Spending all on Weah, Burke and Toljan. No excuses! 😋😍 pic.twitter.com/6ndywWXbiN
— LouMun 67 ⚽️🍀🏴 (@lfmunro) February 12, 2019
We’ve went from scouts/agents, to accountants in the space of the transfer window shutting, until now, could be worse, could be reporting losses during a midweek league game though eh…. 🙄🍀 some people are never happy with what we have and what we’ve done, unreal.
— Danny (@DanTheManMax) February 12, 2019
— Michael (@weeseabee) February 12, 2019
Celtic’s interim report 2018 summed up. Aye… still minted even after the disco lights 😎 pic.twitter.com/zZWZNjnSxR
— Gino Ginelli (@MarinoGiorgetti) February 12, 2019
Not much to complain about
In terms of the profits Celtic continue to rake in, there’s not much to complain about. Granted, revenue may have dropped over the last year (£71.5m to £50m), but the figures remain healthy.
Supporters, as is the norm, will always turn to the club’s transfer activity, however. In January, Celtic only spent £2m for Vakoun Issouf Bayo. The other five arrivals were either loan deals or free transfers.
These numbers are therefore proof to the supporters that the club have money if they wish to spend it in January. The reported £8.8m bid for Timothy Castagne should also calm any fears supporters may have about whether there’s cash in reserve.
Celtic’s plc results are continuously positive. The club post mass profits on a consistent basis, and that can often leave fans who don’t feel enough is being spent on the playing squad frustrated.
But the number bodes extremely well for the summer. Celtic have a massive obligation to the supporters to make sure the club is fully equipped for the Champions League qualifiers.
The absence of Champions League money has hit hard on the numbers. Therefore, an approach of speculating to accumulate certainly wouldn’t be the worst idea.