So says finance guru Doctor Dan Plumley, speaking exclusively to Football Insider about the Hoops’ interim report for the second half of 2021.
The figures published last Saturday (12 February) revealed a pre-tax profit of £27.6million.
Celtic have released their Interim Report for the six months to December 31, 2021.
— Celtic Football Club (@CelticFC) February 11, 2022
Turnover was boosted by the sales of Kristoffer Ajer and Odsonne Edouard and stood at £52.9m, up from £40.7m in the same period last year.
Chairman Ian Bankier revealed that Celtic anticipate that they will end the financial year with “revenues ahead of previous expectations.”
Plumley hailed the Glasgow giants for producing solid numbers despite several limiting factors.
“Yes, this is impressive in the current climate,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“Yes, player sales will have boosted that figure. But fans are back in now as well, so that will boost things from a wider perspective.
“Money from Uefa will also help. You look at the business model of Celtic at the moment and some of that is constrained by the league they are in.
“They might lose some players because they want to go elsewhere, and that’s where we come back to the dynamics of the league.
“They’re dominant in Scotland and pushing for regular Champions League football.
“You have to focus on what you can control, Champions League qualification and commercial income through capitalising on the power of the brand.
“Under the circumstances, we’ll probably see some more impressive numbers for the accounts this year. That should continue to grow next season.“
Celtic are in action in the Europa Conference League playoffs against Bodo/Glimt tomorrow (17 February).
They have a one-point lead over Rangers atop of the Scottish Premiership.