Celtic’s annual financial report was highly awaited by fans.
Many feel that Brendan Rodgers hasn’t been adequately backed. The Celtic boss has spoken of feeling ’empty’ after the closure the transfer window.
After Kyogo Furuhashi departed Celtic without being replaced in January, Nicolas Kuhn and Adam Idah did the same this summer.
The curiosity about financial reports in football is that they are never up-to-date when released. Transfer profits mean that the club likely has more cash in the bank than mentioned.
The club’s board have taken responsibility for the team’s disastrous defeat to Kairat Almaty, in something of an apology – but many fans aren’t having it.
Celtic fans react to annual financial report
The club’s report revealed £33.9 million profits after tax – not bad for any business.
But after a summer of discontent about the Hoops board’s transfer strategy, supporters haven’t held back in their response to the accounts which were released on Friday night.
READ MORE: Brendan Rodgers sets Michel-Ange Balikwisha record straight as Celtic winger’s position made clear
@postecoglucsc said: “Baffles me how older fans who lived through the 90s and the McCann era have grown to be Lawwell and co. happy clappers. That down there is a disgrace and completely negligent.”
Another fan said: The embarrassment of the transfer window, and going out of the UCL to Kairat Almaty further heightened.”
@DanMill75719990 pointed out a key detail, saying: “Doesn’t include the Kuhn sale as he moved in July, so in August we were operating with £95m in the bank with profits of £50m.”
Another fan added: “Celtic not announcing this on Twitter is some buzz. They would get crucified.”
There was even criticism coming from the neutrals, with @SPFLWatch saying: “Pre-Tax Profit: £45.7m. Stadium is quite literally falling apart and signing Bosmans. Yeah can understand why Celtic fans would be frustrated.”
Celtic Champions League failure barely dents the club financially
The Kairat defeat may have been a disaster from an on-pitch perspective, but financially, the club was well-prepared to deal with it.
Celtic made £38 million from last season’s Champions League, an enormous figure which dwarfs what the club earns domestically.
But after three consecutive years of qualification for the tournament, the Hoops are in a position to strengthen the squad regardless of whether the team qualified.
Regardless, there are no excuses for the Kairat defeat, which sees Celtic drop into the Europa League for the 2025-26 campaign.
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