22.12.2024 13 Uhr DZ
Tannadice Park
Dundee United - Celtic FC 0-0 (0-0)
Gollum hat geschrieben:Celtic plc Annual results
CELTIC plc today announced the results for the year ended June 30, 2017
SUMMARY OF THE RESULTS
Operational Highlights
- Winner of the Scottish Domestic Treble and our sixth consecutive SPFL Premiership title
- Qualified for the UEFA Champions League playing 6 home European matches (2016: 6 UEFA Europa League)
- 31 home matches (including the ICC tournament) played at Celtic Park (2016: 28)
- Became the first stadium in the UK to accommodate 3,000 'safe standing' section
- Achieved 'Invincible' status by remaining unbeaten domestically in all competitions
- Hugely successful Celebrate '67 events to recognise the 50th Anniversary of the Lisbon Lions winning the European Cup in May 1967
- Delighted to be able to provide support in assisting Celtic FC Foundation to deliver the hugely successful SSE Hydro event, Lions Lunch and Henrik versus Lubo charity match
Financial Highlights
- Group revenue increased by 74.2% to £90.6m
- Operating expenses increased by 33.3% to £76.3m
- Gain on sale of player registrations of £2.3m (2016: £12.6m)
- Profit before taxation of £6.9m (2016: £0.5m)
- Year-end cash net of bank borrowings of £17.9m (2016: £3.6m)
- Investment in football personnel of £13.8m (2016: £8.8m)
CHAIRMAN’S STATEMENT
These results, which declare sales revenue of £90.6m (2016: £52.0m) and a profit before taxation of £6.9m (2016: £0.5m), reflect the paramount importance to the Company of participation in the group stages of the UEFA Champions League.
The foundations for that success are based on consistency, stability and the implementation of a prudent long-term strategy that dictates that the Company invests in its football operations, whilst maintaining a self-sustaining financial model. The Board considers that this strategy remains appropriate for Celtic plc and will continue to seek out and retain top talent on and off the field of play so as to deliver football success and, in turn, shareholder value.
The Board has been able to manage short-term challenges, and maintain the course it has set and reported on over the past several years, because there is consistency in the ownership, Board and executive management of the Company. These ingredients provide the stability that is so crucial for the successful operation of a football club at our level.
On behalf of the Board I warmly congratulate Brendan Rodgers, his staff and the players on a truly remarkable season during which we achieved an Invincible Treble, a sixth consecutive League Championship and consecutive qualifications for the group stages of the UEFA Champions League. Whilst the fundamentals that were in place at the Club when he joined with his staff were strong, Brendan has been a remarkable catalyst.
Just as it is important to recognise the importance to us of participation in the UEFA Champions League, so it is important to recognise that the financial gap between Celtic Football Club and the richer clubs in European football is widening. The growing financial power of a number of key constituencies within the European game makes us vulnerable to structural change. It is, therefore, vital that we are represented at the highest levels of European football.
Peter Lawwell’s appointments to the Board of the European Club Association, the Club Competitions Committee at UEFA and the Professional Football Strategy Council of UEFA gives the Club a voice and ensures that we are very well represented and that our image and profile are held high. We are grateful for Peter’s continued commitment to promoting our interests in this very important arena.
During the year, we welcomed Sharon Brown as a non-executive director, bringing her financial expertise and business acumen, notably in the retail sector, to enhance the skill set of the Board. Ian Livingston, who was appointed in October 2007 and chaired the Audit Committee, stepped down from the Board with effect from 30 June 2017, in order to focus on his other public company commitments. On behalf of the Board, I would like to thank Ian for his contribution to the Company and wish Sharon the very best. Sharon now chairs the Audit Committee. Taken together with the changes to the Board last year, when Chris McKay replaced Eric Riley as Financial Director, I believe that we have struck a good balance between stability and progression, both of which are crucial to the long term success of the Company.
Our football success this year marked another important moment in the long history of our Club; the fiftieth anniversary of our success in Lisbon, our greatest success and such an important part of the development of our unique story. The celebrations culminated in a fantastic week of events in May, including the Club’s showcase “Celebrate ‘67” event at The SSE Hydro in Glasgow, honouring the Lisbon Lions and their amazing achievements.
Like all Celtic supporters, I was proud that all net proceeds of those events were passed to Celtic FC Foundation to assist in its Lions’ Legacy projects and other important work. This really is what it means to be Celtic. I thank all of our supporters, shareholders, sponsors, partners and colleagues for their contribution to a successful year for the Club and look forward to working with them to build on that success for the future.
Ian P Bankier
Chairman
September 20, 2017
To read the full Celtic plc results, click HERE
Mitglieder in diesem Forum: 0 Mitglieder und 3 Gäste