Report: Global investment bank bullish on Celtic finances; recommend Bhoys bargain

By John McGinley

March 26, 2023

A global investment bank has recommended to its clients that buying Celtic shares is a bargain in the current market due to the club’s incredibly strong financial position, The Sunday Mail has reported. [26/03 print edition]

It’s said by the outlet that Canaccord Genuity has compiled a dossier looking at the financial situation of the Bhoys, predicting that a record £112m turnover is on the way in the club’s next set of financial results later in the year.

That’s something we’ve spoken about on the 67 Hail Hail previously, but Canaccord are going so far as to recommend to its clients that Celtic are currently undervalued at its current share price, distributing its confidential report on the Bhoys.

Photo by Silvestre Szpylma/Quality Sport Images/Getty Images

It’s a sign that Celtic are seen as a very stable entity on the up, with the money coming into the club a result of both incredible fan support and sporting success on the pitch.

Ange Postecoglou has the Bhoys on the brink of a second successive qualification to the UEFA Champions League. This year’s Scottish Premiership winners are guaranteed a group stage spot and access to at least £30m in additional revenue compared to missing out.

That, in conjunction with an incredibly strong interim financial statement, means that Celtic are arguably in a better business position than they’ve ever been before – especially when you consider it has come hand-in-hand with an incredible haul of trophies.

With next year’s Premiership winners also gaining entry to a revamped Champions League that promises even more revenue, Celtic have an opportunity to reach a new level in terms of spending power.

If used well, it could help Postecoglou and any future managers bridge the gap in those European tournaments. I think that’s something every Celtic fan wants to see next in the wake of an era of domestic dominance.

In other news, John McGinn raises Hampden worry ahead of Celtic vs Rangers semi-final.