Popular financial social media page, The Swiss Ramble has pored over Celtic’s financial results and the state of the club’s finances since the pandemic.
There were some interesting tidbits in what was put forward. Most of it we already knew thanks to our exclusive article when Celtic first released their financials. Mike Meehall Wood from Forbes was on hand to give us the lowdown on the Celtic’s finances [Read Here].
The Swiss Ramble looked at Celtic’s model on the whole and as we all know, it’s relies upon player trading; bringing in young stars on the cheap and selling them for massive profit.
Swiss Ramble crunched the figures and found the club had made £112m profit on player sales in the past nine years. These figures don’t take into the summer window where we raked in over £30m for Edouard, Ajer and Christie.
Profits from player sales have made a big difference to #CelticFC bottom line. As a result, in the last nine years they have generated £112m profit from player trading, compared to just £8m in the same period for Rangers. pic.twitter.com/txVP6rXhnG
— Swiss Ramble (@SwissRamble) November 8, 2021
Celtic have been working this way for years; bringing in players like Virgil van Dijk, Victor Wanyama, Fraser Forster, Moussa Dembele and even selling on their academy star Kieran Tierney.
It’s quite an incredible figure considering where Celtic play their football.
It makes for a sustainable business model. Celtic do have a firm footing on the business side of things. It becomes frustrating as a fan, however, when the board get more excited about player sales than what we could potential be on the pitch.
Our board skews too much towards caution and won’t take many risks when it comes to taking Celtic up some levels.
