Celtic have been the dominant force in Scottish football across the 21st century and there is no surprise at the financial impact that creates off the field.
Brendan Rodgers’ men have made another strong start to the Scottish Premiership campaign, laying down their credentials as the Bhoys look to claim a fourth title in succession.
In the summer, eight Celtic signings at a cost of roughly £32 million have set the scene for another tilt at silverware alongside participation in the Champions League league phase.
Without covering old ground, the destination of the Scottish top-flight last campaign was vital, not least due to the fact the Bhoys could bank £33.8 million before factoring in gate receipts, their share of UK TV pool money and undistributed amounts due to draws if they achieve their knockout playoff phase aim.
Ultimately, there will be a lot more money on offer than the figure specified once events take their course, but the Hoops’ rivals across the city are some way behind the reigning champions’ financial capability amid their latest financial results.
Celtic’s financial reality compared to their main rival
Earlier this year, Celtic’s annual financial results showed an record overall revenue amount of £124.6 million, which is also a 3.9% increase on the last report.
In comparison, Rangers have generated £88.3 million, creating a significant differential of £36.3 million in total.
Moving on, the Hoops’ profit before taxation reached £17.8 million, rounded down to around £13.3 million. Over the last day or so, Rangers’ well-documented £17 million loss creates another gap of over £30 million based on both clubs’ respective performance.
Celtic’s wage bill has jumped to in the region of £65.6 million from £60.8 million, but their rivals’ now sit at £61.1 million, making neither end result a major surprise.
Lastly, cash in the bank is where a lot of eyes will be drawn to. The Bhoys have £77.2 million, as explained by Peter Lawwell. On the flip side, Rangers have just £1.7 million stowed away, make of that what you will.
Celtic are in a different financial league to the rest of Scotland
Nothing is being said here from a place of arrogance, it is just a plain fact, Celtic are miles ahead of the rest in Scotland when it comes to financial power.
Where people want to attribute their shrewdness to is up to them, but the club appear to be on a bright long-term trajectory, loosening the purse strings to acquire quality additions during the summer window.
The financial landscape in football is forever changing. Celtic may not be in this state of health forever, especially with Scotland’s place in the UEFA coeffiecent rankins always evolving.
Either way, the Bhoys are in a great place on and off the pitch, which is something to be celebrated in the present.
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