Finance guru salutes record-breaking Celtic after ‘phenomenal’ £29m transfer reveal
Celtic are in robust financial health – and nowhere is this demonstrated more clearly than the £29million they made from player trading in 2021-22.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Hoops’ latest annual accounts.
Celtic announced on Tuesday (20 September) that they had turned a profit of £6.1m for the year ending 30 June 2022, during which they regained their Scottish Premiership crown from Rangers.
Their revenue over the same period totalled £88m, with £29m of that figure made up of transfer fees received for Odsonne Edouard, Kristoffer Ajer, Ryan Christie, Vakoun Bayo and Jack Hendry.
This is a new record for the Glasgow giants, reveals Plumley.
“They are a really, really positive set of figures,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“Revenue is up by 45 per cent. They have turned a loss into a profit following Covid.
“They have also had record player trading with £29m. You can have an argument about whether that is good or bad, but it’s a phenomenal amount of money to generate from the transfer side of things.
“There is a cash balance of £30m as well, which looks healthy. So, across the board, I think it’s a very positive set of figures for Celtic.
“You also have to factor in that it doesn’t include Champions League money from this season. So, you’d expect to see another uplift in revenue at least in the next set of accounts.
“As always, they are well set to dominate in Scotland. They are in pretty good financial health.”
In other news, pundit fears Celtic set for “massive loss” after source’s Ange Postecoglou reveal.