Celtic breathing 'huge sigh of relief' after Govt reveal - Dr Dan

By Dr Dan Plumley

18th Jan, 2022 | 9:49am

Finance guru issues '£35m' Celtic reveal after 'huge' development in last 24 hours

Celtic generate half of their revenue through the turnstiles – so the reintroduction of capacity crowds in Scotland will be a huge relief.

So says finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the significance of matchday income to the Hoops.

The Scottish Government decreed last month (21 December) that crowds would be capped at 500 fans in a bid to slow resurgent Covid numbers.

The winter break was also brought forward with a view to softening the blow from the loss of matchday income.

But, as relayed by BBC Sport, Holyrood lifted restrictions from Monday (17 January).

A near-full house each Ange Postecoglou’s side’s 2-0 win over Hibernian last night.

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Plumley insists that the Celtic bean counters will be breathing a huge sigh of relief that their most important revenue stream has reopened.

“They earned about £35million from ticketing in the last year where Covid wasn’t a factor,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.

“Matchday income over the last four years has been around 45 to 50 per cent of their turnover.

“It’s very significant and this will be a huge relief for Celtic. If you contrast this to to the Premier League, there’s a big difference.

“Celtic are more reliant on that income stream than clubs in the Premier Legaue. That is linked to the money in the TV rights.

“A lot of lower-end Premier League clubs get 70 per cent of their revenue is from TV money.

“In hindsight, they’ve done the right thing bringing that break forward and getting fans back in the ground as early as possible.”

Celtic’s 2-0 win over Hibs moved them to within three points of Rangers, who have a game in hand and play against Aberdeen tonight (18 January).

It was the Hoops’ first home match of any description since 12 December.

In other news, Tottenham and Wolves in race to sign Celtic rising star Mithcel Frame.