Celtic have been listed in the top 100 of the Deloitte Money League for 2020.
The table is a reflection of the teams who have managed to bring in the most revenue, and has been running for 18 years.
Unsurprisingly, Barcelona top it this year with an annual revenue of £741m. It’s once again a sign of the financial challenges the likes of Celtic face in order to compete with Europe’s elite.
The Daily Record, however, have reported that Celtic are in the top 70 clubs when it comes to revenue obtained. Our figure for the 2019 year sits at £83.4m. That trumps our Ibrox rivals, who are in the top 120 but can only boast a revenue intake of £53.2m.
It’s further proof that Celtic continue to balance the books extremely well, and have done a remarkable job to keep the club in a positive financial position whilst managing historical success on the park.
Financial success will lead to transfer demand
As is always the case, stats like these will have some wondering why more can’t be spent in the transfer window. After all, if we’re in the top 70 richest clubs in the world, you can see why some would feel we could be a tad more ambitious.
However, Celtic simply aren’t a club that spend big. The majority of players who arrive in Glasgow do so with the view of us making a profit from them. Scotland is already a hard sell at times when it comes to bringing in big money for our talent, so if we spend big then the chances are not much of a profit will be made.
The Deloitte table shows that the money men are doing their job at Parkhead properly. Keeping our club in existence whilst still managing to sweep the board in Scotland is a highly impressive feat.
Moving forward, it’s going to be crucial for Celtic to try and build on where they’re at. As a club, we can’t afford to stand still so close to the 10. We have to keep looking for areas to improve the squad in. Tables like these are all well and good, but it’s not the table Celtic fans are most concerned about.
Adequate strengthening is going to require the club to dip into their revenue profit and provide the manager with some money. But for now, however, it’s another reminder of just how well our club is run off the field.