13 Feb 2026 19:17:36
6 month figures released and it looks like everything I said was correct.
Our revenue has taken a beating and actually might be worse than my predicted amount. I said it was likely to be down from 145 million to 100 but I think it may actually be closer to 90 by the time our season concludes.
I also said despite having a massive drop in revenue we would return a profit, which again is reflected in these figures.
So I would like to point out that I was not being negative I was being honest and providing good analysis. Therefore, I hope more people can see why I am so pissed off with the board. Their lack of investment and lack of planning and execution has cost us a loss of 55 million in revenue and at least 2 trophies and this is going to have a massive impact on next season as well.
13 Feb 2026 20:05:42
I also said despite having money in the bank we could not freely spend in the transfer window, again this was proven correct.
13 Feb 2026 20:50:32
I agree with you Joe. Even if they didn't want to spend big money I think they should have had players ready to come in when the signing windows open instead of the boards seemingly plan to wait until the last day of any window craziness too me.
CL qualifiers was ridiculous to me also no forward planning that is down to the board. And lost the club a barrow load of money also.
13 Feb 2026 21:15:22
Hi Joe, like we said last week your numbers are way off. You actually said we would be 90m on lost revenue. Now your predicting 55m, can you break down what your initial 90m lost revenue was based on, and what you are basing your new figure of 55m lost revenue on?
Only thing you called right was the profit return which was easy enough based on our player trading.
You also said we would have 45m left in cash reserves and we actually have 67.5m in there. Which is 50% roughly more on what you predicted. How are you accounting for your error there?
Our revenue numbers are lower only because of our drop down from knockout stage in CL to Europa.
We got loans in January because the board didn't want to spend on players that the new boss doesn't want.
I'm just pointing it out as people may take your numbers as correct and assume that the world is doom and gloom for the club, it's really not.
We can also spend just fine in the summer (if the board want to) based on the financial sustainability rules where our books are reviewed in terms of 3 years with a 70% cap.
Based on today's numbers that's £42m plus £67.5m that we have in bank. So IF the board wanted they could throw £100m at the first team in the summer.
I think you are spinning a doom and gloom financial narrative when it's just not there. I'm happy to sack the board, but not for the financial strength we have, more because they don't use it.
13 Feb 2026 21:29:34
Have to completely disagree with you Joe and your basic understanding of economics.
By making a profit the balance sheet will improve not retract.
Based upon these figures and historical trading patterns Celtic will easily turnover 100-106m.
The reduction in revenue would have been forecast known as soon as CL football was not achieved.
The loss of Champions league football would also incur a significant reduction in costs to offset some of the revenue reduction.
Celtic can afford to spend just choose not to.
Celtic could easily register a significant loss this year and reclaim some of the previous years corporation tax paid to turn that back to a profit.
13 Feb 2026 22:29:51
@dr Phil - you either have the memory of a goldfish or don't understand what I have actually said.
We never had the 90 million but we lost the opportunity to make it. That number is made up of the failure to sell Engels and maeda at 25 million each and 40 million lost from failing to make champions league. That sums to 90 million.
With regards my prediction of 55 million drop in revenue. In the 6 months accounts there was a drop of about 25 million. However, there is going to. be at least another 20 million drop because we didn't get into champions league and we also sold Kyogo last January, so that is another drop of 10 million as we didn't sell anyone this season in the same period. So 25+20+10= 55 less than last season and it will likely be worse as merchandise sales and match day revenues will also be down.
With regards my predicted cash balance you are forgetting I was predicting over a longer period than the accounts, so there will be less money now than the 67.5 million shown at December 31st. My guess is probably about 10+ million less, which would be 10 million expenses for the extra month and also fees and wages paid for loan signings. So it was a pretty good estimate considering I don't have live data which I pointed out.
Where are you getting the extra 42 million from?
I also need to point out that you are wrong about the 70% calculation being over a 3 year period. I even linked the part of the UEFA sustainability regulations that said it was over a 1 year period. If you dispute that then you should link the UEFA regulations that says it is over 3 years but I bet you can't.
@tbhoy - you say you are disagreeing with me but then say our revenue will be 100-106 million this years which is exactly what I said. ? Are you as bad as Dr Phil and you don't actually understand what I am saying?
I also did not say Celtic could not afford to spend, I said they cannot spend freely and cited the massive drop in revenue as the reason. Which again you are agreeing with. ?.