CELTIC have released an emphatic message to shareholders on the stock exchange crediting the return of fans and on-field success for "significantly higher" revenue.
Parkhead bosses shared a message on the London Stock Exchange explaining full-year results for the year ending 30 June 2022 will see an increase in revenue in comparison to market expectations.
The statement hailed the results on the park with Celtic picking up the Premier Sports Cup and Scottish Premiership title as well as referencing the return of full capacity crowds.
And due to the market expectations being drawn up during the Covid-19 pandemic, the real figures are expected to dwarf the "understandably more cautious" outlook.
However, the statement also warned player trading will influence the financial performance and with the transfer window open figures are subject to change.
The club will publish the full financial run-down in mid-September following the close of the transfer market.
The stock exchange message read: "Celtic has enjoyed a strong on pitch performance in the 2021/2022 football season and has returned to full capacity spectator attendance following the loosening of the Covid-19 restrictions.
"This means that revenue for the year ended 30 June 2022 will be significantly higher than market expectations, which were formed at a time when the outlook was understandably more cautious as result of the Covid-19 pandemic.
"Player registration valuations and player trading can and often do materially influence Celtic's financial performance in addition to revenue.
"In this context the Summer transfer window is now open and the Club intends publish its results for the year ended 30 June 2022 in mid-September 2022 following the closure of the transfer window and in line with its previously recognised timetable."
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel