Finance Notes: Scottish Premiership Side Celtic Reports Revenue Increase Of 74.2%
Scottish Premiership side Celtic's return to the Champions League group stage "contributed to a revenue increase of 74.2%" to £90.6M ($123M) for the year to June 30. The interim results for the club show pre-tax profit rose from £0.5M to £6.9M ($9.4M). Additionally, operating expenses increased by 33.3% to £76.3M ($103.6M) and the club gained £2.3M ($3.1M) on the sale of player registrations (BBC, 9/20).
Super League side Wigan Warriors reported an operating loss of more than £600,000 last year. Accounts filed with Companies House revealed the club lost £605,286 in its Grand Final-winning campaign, "a rise on the £184,422 lost the previous year." A drop in sponsorship income, from £1.2M to £833,000, and a rise in wage costs were "among factors blamed for the increased loss." But the board of directors predicted "improved fortunes for this current year." The report said that a "revamped commercial approach" had seen the Warriors link up with "several" national and int'l brands (WIGAN TODAY, 9/20).