Kieran Maguire hails 'amazing' £20m Celtic boost after paperwork completed
Celtic did well to receive £20million in matchday income for last season despite potential fan “discontent”, according to Kieran Maguire.
Speaking exclusively to Football Insider, the football finance expert was impressed that the Hoops managed to receive three times more matchday income than English giants Manchester United.
This week, Celtic revealed their annual results for the financial year ending June 2021, revealing a pre-tax loss of £11.5million, down from a profit of £0.1million in 2020.
Both the profit on player registrations (down to £9.4m from £24.2m) and the acquisition of player registrations (down to £13.5m from £20.7m) decreased on the 2020 figures.
The Hoops suffered financially through a lack of success last term, after enduring their first trophyless season for 11 years.
Maguire was impressed by Celtic’s matchday income but revealed that the club’s tactics could have alienated some of the Hoops’ faithful.
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“I think what’s amazing about Celtic is that they got £20million in matchday income for the 20/21 season,” he told Football Insider‘s Adam Williams.
“They charged fans a full price for the season tickets and then when the matches didn’t go ahead, they gave them access to a stream for the game.
“It did cause discontent among the Celtic faithful, but the accounts held up.
“Normally they’ll be making around £35million from matchday. They got three times as much as Manchester United in matchday income for last season.”
Like this campaign, the Parkhead side failed to qualify for Champions League football last season.
The Hoops were subsequently dumped out of the Europa League at the group stage.
Old Firm rivals Rangers went unbeaten last term to snatch the Scottish title away from Celtic after nine consecutive triumphs.