Celtic are on course to rake in record cash revenue for the financial year ending June 30th 2023, The Scotsman has reported this week.
In a breakdown of the club’s finances by journalist Andrew Smith, it’s said that matchday income in excess of £45m and Champions League cash close to £40m over the coming season will help drive total revenue beyond the record £101m taken in from season 2017/18.
In fact, it could end up towards the £110m mark.
That’s all in a year’s time of course, but the finances of the club as it stands right now aren’t in bad shape either, as evidenced by the recent interim results for the period ending December 2021.
Celtic have managed to come through a pandemic period without much damage to the club, in part due to prudent management, the sale of star players and, of course, the incredible backing of supporters despite not being able to attend matches.
Now Ange Postecoglou and his recruitment team are set to benefit, with an exciting summer of spending expected.
With projections taking revenue beyond £100m, the manager should have a very healthy budget over the next couple of months, while comfortably staying within wage guidelines.
Celtic are never reckless of course, so exits for players such as Albian Ajeti, Vasilis Barkas and Boli Bolingoli are likely so the squad is not too uselessly bloated.
Making profits while winning trophies has become a habit for the club, but the board now need to show some ambition and allow this Celtic boss the opportunity to compete in Europe. That’s the next step every supporter dreams of.
In other news, Celtic linked to former Monaco talent.
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