Away from VAR for a minute, Twitter account Swiss Ramble has released a very impressive thread this morning highlighting, in extreme detail, Celtic’s very impressive set of accounts for 2021/22.
The club posted profits of £6m last season after the disaster that was the COVID season and what is interesting is that the Scottish champions were one of the top performers in European football.
In series of tweets, this one was the most impressive:
#CelticFC £6m profit is one of the best performances of the leading European clubs that have reported 2021/22 figures to date. In stark contrast, large losses have been posted almost everywhere else, e.g. PSG £327m, Juventus £225m and Barcelona £157m (excluding economic levers). pic.twitter.com/kC1GpLCDgL
— Swiss Ramble (@SwissRamble) November 14, 2022
Bested only by Bayern Munich, Porto and Manchester City that is an incredible result considering we operate in such a small country compared to the likes of Barcelona, Manchester United and Juventus.
The main reason for the profit, according to the account, was that match-day income rose by £22m compared to 200/21 and player sales recorded a record £29m profit due to the sales of Odsonne Edouard, Kristoffer Ajer and Ryan Christie which highlights how important Celtic’s trading model is to the club.
Compared to other clubs, Celtic are in an extremely healthy financial footing and have also laid the foundations for future player sales with the purchases of top talents like Reo Hatate, Matt O’Riley and Liel Abada.
And for that the board, as well as Ange Postecoglou, must take huge amounts of credit.