How much Celtic have paid in tax over the last ten years as mammoth figures revealed

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It’s fair to say that Celtic like to be frugal with their money.

Every summer, the club tries to make one big sale – whether that’s Nicolas Kuhn, Matt O’Riley or Jota over the last three summers.

Despite being frustrated by a lack of reinforcements in the recent window, manager Brendan Rodgers has praised the club’s business model which ensures financial stability.

Rodgers is in the final year of his contract, and to extend the Northern Irishman’s stay in Glasgow would be an investment in itself.

But one expenditure that isn’t always considered at the club is tax. How much have the club paid in the last ten years?

How much have Celtic paid in tax over the last ten years?

The more money Celtic have in the bank, the more they pay in tax – a downside to the club’s preference for holding onto their cash.

Few clubs nowadays seem to have a safety-first approach such as Celtic’s.

READ MORE: Ex-Celtic man reveals SFA once tried to block him from playing for Scotland

Champions League football has ensured a steady flow of prize money and gate receipts, as well as player sales.

The Hoops have qualified for the tournament in five of the last ten years – though three of those occasions have been directly through winning the Premiership title.

Celtic, as a business, pay corporation tax in each year when they make a profit – which is most years. This isn’t the same kind of tax that individuals pay when they earn a salary.

So how much has been given to the tax man? Table is shown below.

The estimates are taken from the club’s official accounts as well as analysis by Swiss Ramble.

The impact of Covid is clear, with the universal financial impact of the pandemic well-established.

For Celtic, it lasted into 2022, given the club’s major expenditure in Ange Postecoglou’s first transfer window – a bit of an outlier in recent times.

The total figure of £33.6 million is staggering – it isn’t an exaggeration to say that this would’ve had a transformational effect if put to use elsewhere.

What have pundits said about Celtic’s financial reports?

For Hugh Keevins, the apology that came with the report was avoidable, but he still sees the Hoops as one of the best-run clubs in Europe.

Speaking on Clyde Superscoreboard, Keevins said: “They take the blame, but does that mean that they regret not buying players before those matches had been played?

“Because there’s no way that the board can take the blame, and that was in not investing at the right time.

“First of all, let it be said that the accounts show that Celtic are by far the best-run in football club in Scotland and one of the best-run football clubs in Great Britain – or I would suggest, anywhere in Europe.

“But the apology from the chief executive is the point that will be seized upon by supporters. If you’d spent money at the right time, you wouldn’t have to apologise.”