Celtic PLC Interim Figures to 31st December 2020.
6 months to 31st Dec 2020 6 months to 31st Dec 2019
Football and stadium operations £12.57M £26.99M
Multimedia and other commercial activities £13.05M £15.11M
Merchandising £15.07M £11.24M
Total £40.69M £53.34M
Number of home games 17 21
Points of note :
1) Revenue decreased by 23.7% to £40.7M (2019: £53.3M)
2) Football and stadium operations decreased by 52.5% to £12.8M (2019: £27M)
3)Loss before tax £5.9M (2019 profit of £24.4M)
4) Cash at bank £19.7M (2019: £32.9M)
Revenue decrease :
Firstly, just to state that I’m not an accountant.
But we all know the reasons for the drop of in revenue which is as a result of Covid and having no fans in the stadium.
It also looks like there has been a reduction in season ticket sales this season based on the revenue figures to date, which is probably to be expected based on the Covid pandemic.
I would guess that our season ticket sales for this season will be around the 40,000 mark (2020 : 52,457) although it’s important to clarify that this is just an estimate.
Our season tickets sales were last around the 40,000 mark back in 2016 at 39,309.
The actual season ticket number for this season will be detailed in the year end accounts as normal.
Going forward :
The level of expectation from the supporters this season hasn’t been matched either in the boardroom or on the park.
With the ongoing Covid situation there remains much uncertainty.
Many supporters will be watching closely to see what actions the PLC take going forward.
Will the PLC board be able to raise their standards to meet the difficult challenges ahead.
There is a lot of hard work ahead for the PLC, only time will tell if they are equal to the challenge.
Whilst the PLC plan a new footballing structure and strategy, supporters can only wait and hope of better days ahead.
The above by Celtic1member1vote