Celtic revenue ‘significantly’ above expectations

Celtic plc said on Wednesday that its revenue for the year ended June 30, 2022, will be “significantly higher than market expectations.”

In a short stock exchange statement, Celtic said: “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.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.