Celtic blow Premier League clubs out of the water as finance expert issues ‘staggering’ £150m claim
Celtic recently published their financial interim report, which outlined several factors contributing to their performance and the fact that they do, in fact, have such large sums in their club coffers.
In terms of cash on hand, the club reported profits of £26.9 million, but their profit before taxes was £43.9 million, as chairman Peter Lawwell noted. Despite the addition of Adam Idah and Arne Engels, who both shattered Celtic transfer records during the summer, the team still has a huge £65.4 million balance sheet.
Although income decreased by 2.1 percent, there was a profit from player trades for Brendan Rodgers’ team due to the sale of Matt O’Riley and other good price fetches from other clubs.
Since English clubs are already submitting their own financial statements, 67 Hail Hail made the decision to think about how much Celtic may actually expect to make this season after accounting for everything.
Adam Williams, the Head of Football Finance and Governance Content at GRV Media, studied the Hoops’ interim report and Champions League prize money pot and forecasted great things for Celtic throughout the season.
He also compared the Premier League heavyweights to the Scottish Premiership giants, and here is how he believes Celtic compares.
Williams said to 67HH, “Celtic are just ridiculously good at making money.”
Williams clarified that, in terms of revenue over the course of a season, Celtic would only really be competing with teams toward the bottom of the Premier League.
However, there is a huge disparity in TV revenue between the two divisions. Even embarrassing.
Thus, Celtic can take pride in their management style. Additionally, success leads to more success.
“Premier League clubs are currently releasing their financial statements, and £150 million in revenue would put Celtic on par with the earnings of one or two teams at the bottom of the English top flight,” Williams continued.
| Position | Team | Played | Won | Drawn | Lost | For | Against | Diff | Points |
| 1 |  Celtic |
29 | 24 | 3 | 2 | 87 | 17 | 70 | 75 |
| 2 |  Rangers |
29 | 18 | 5 | 6 | 59 | 26 | 33 | 59 |
| 3 |  Hibernian |
29 | 11 | 10 | 8 | 44 | 40 | 4 | 43 |
| 4 |  Aberdeen |
29 | 12 | 6 | 11 | 38 | 46 | -8 | 42 |
| 5 |  Dundee Utd |
29 | 11 | 8 | 10 | 36 | 36 | 0 | 41 |
| 6 |  Motherwell |
29 | 11 | 4 | 14 | 34 | 48 | -14 | 37 |
When you take into account that the English TV agreement is roughly 45 times more valuable than the Scottish Premiership’s, that is somewhat astounding.
Since 2010, the net profit before taxes has been around £85 million. According to the statistics, they will likely make a profit of about £40 million in 2022–2023, which equates to a profit of over £125 million in 15 years.
There aren’t many clubs in Europe that can equal that record, in my opinion. For comparison, Liverpool has an enterprise value of about £4 billion and is regarded as one of the best-run clubs in the world. They made £184 million in total profit throughout that time.
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