Peter Lawwell discloses how much Celtic have spent on transfers in last four seasons, squad value soars

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Celtic released their annual set of financial results on Monday and there are a few interesting points to note.

First of all, Celtic are earning more money than ever before, declaring a total revenue of £124.6m – a massive amount for a club in Scottish football.

There has been an increase in costs and investment, too.

Chairman Peter Lawwell explained that the bank balance has increased by less than £5m despite a much larger pre-tax profit of close to £18m because of spending squad improvement and infrastructure projects such as the new Barrowfield training centre.

Alongside that summary, Lawwell went into the club’s investment in transfers over the last four seasons, divulging the total amount spent on new player registrations.

Celtic spend close to £100m on transfers in four years

For the three financial years to 30th June 2024, Lawwell declared: “Further to the investment in player registrations of £13.0m in the previous financial year ended 30 June 2023, the Club made significant investment by committing an additional £16.6m in the year under review. This took our total spend to £68.0m over the three financial years to 30 June 2024.”

Lawwell goes on to say that the club have spent an additional £31.2m on new players in the period between 1st July and the end of the 2024 summer transfer window.

That takes the total transfer spend in four years to a massive £99.2m.

It’s important to note this does not take into account player sales, so this is not a net spend – this is simply the total amount that has been spent on player registrations.

Celtic have made some massive sales in the last few years including the departures of Jota and Matt O’Riley, so they are making plenty in the other direction, too.

• READ MORE: Celtic’s Most Expensive Transfer Sales of All-Time

Lawwell concludes: “Over the summer transfer window, we twice broke the Club’s previous record transfer. As a result of this period of sustained investment, our current squad carries the highest value and resulting amortisation charge in the Club’s history, by a considerable margin.”

Celtic’s wealth is self-generated and continues to grow

The money that Celtic make is staggering and all the more impressive because it’s generated primarily by supporters and sporting success.

Domestic dominance has allowed the club to rake in millions from the Champions League despite lagging domestic TV rights while fans continue to buy tickets and merchandise at an extraordinary rate.

This is boosting turnover and profit despite increasing costs, allowing the manager to put a team on the park that sustains silverware.

As club enter another Champions League tournament there’s more money coming, too, and the hope that Celtic can take competitive strides forward as well as financial ones.