CLYDE ONE, the home of the famous Superscoreboard phone-in had a massive change of heart in the way they framed Celtic’s financial success after the interim results were released yesterday.
Celtic posted a pre-tax profit of £18.8million and stated clearly they have a whopping £38.6 million net cash in the bank. While turnover was down because of Celtic’s lack of involvement in the Champions League the interim report showed a very healthy club that can continue to prosper.
Clyde One’s headline to the left seems to agree with that analysis but their original headline to the right when they first posted the article talks about ‘financial burdens’ being eased.
Celtic fans were quick to ask exactly what financial burdens they were on about with the club sitting pretty. The use of the term ‘financial burden’ is wildly misleading and does not paint a picture of a club who has more money in the bank than any other Scottish club has achieved in turnover.
Their headline was quickly deleted off social media after Celtic fans pointed this out.