CELTIC posted their interim financial results yesterday and it paints an overall good picture.
The bhoys posted a pre-tax profit of £18.8 million while boasting £38.6 million net in the bank going forward. The loss of Champions League revenue was made up greatly by the sale of Moussa Dembele.
BT Sports presenter Darrell Currie hailed the results but also made a very valid point even if some Celtic fans out there might not care to admit.
Celtic’s mid-term financial results are excellent. However, had they spent some more of the money in the bank last summer they would have been back in the Champions League imo, and that would have left them in an even stronger position financially. Risk and reward… ?♂️
— Darrell Currie (@darrellcurrietv) February 13, 2019
Had Celtic invested money in the summer properly, they would have more than likely made the Champions League and had another money-spinning run in the competition. Speculate to accumulate; this is what many fans were shouting about at the start of the season.
Celtic lost out on a Champions League place to a very poor Athen’s side, and the frustrating thing is, our side right now would have almost certainly have knocked the Greek side out of the competition.
The clubs inability to build on a position of strength is well documented and we always seem to be playing catch up when we should be asserting our dominance.
With Toljan, Weah and Burke all on short term loans, the club bust make sure they have a summer plan in place to make sure they are ready for Euro qualifiers.
Darrell Currie… THE TIM?
Jury’s out….
Spending big money guarantees nothing. What do some people expect ? BR and his team had a clean sweep so far . Look at our injury list presently , yet we haven’t lost a goal this year yet. The ex players and media have plenty to say but none of them have achieved what our current manager and squad has to date. It’s a great time to be a Celtic supporter and success can’t be bought , especially when we’re playing in the SPFL. Teams like Bournemouth , Burnley, etc, could play their home games behind closed doors and it would make virtually no difference to their income . Sky tv and sponsors to the rescue. Our fan base makes a huge difference as would the sums of money these EPL team receive every year .every year they receive a huge lottery size payment . We don’t even get a fraction of what they get . Hail hail.