6. CELTIC: Mid-year profits reach $36 million
So you think there's no money to be made in soccer?
Scottish champion Celtic announced profits of 17.9 million pounds (almost $36 million) for the first six months of its fiscal year.
Celtic benefited from its participation in the UEFA Champions League, where it has reached next week's round of 16, and long-term sponsorship
deals with Nike, T-Mobile and MBNA. The Glasgow club reportedly made
almost $4 from foreign tours of the USA, Poland and Japan, where
Nakamura is hugely popular. Before Nakamura arrived, there were
100,000 TV subscribers for the Scottish Premier League in Japan; now
there are 1.2 million.
What makes Celtic's financial picture even more amazing is the the SPL doesn't benefit from a big TV contract like the EPL to the south does.
Celtic has received less than $2 million for TV rights for far this
Celtic has opened up a big lead on archrival Rangers on the field
(19-point advantage) and on the bottom line (Rangers reported a loss of
almost $3 million).
No comments yet.
|Recent Soccer America Daily Keith Olbermann skewers Colorado Rapids president Oct. 22, 2:23 a.m. |
[VIDEO PICK: Off the Post] Rapids president Tim Hinchey made Keith Olbermann's the “World's Worst Person ... Real Salt Lake angling for highest possible finish Oct. 22, 1:12 a.m.
[MLS: Week 33] The concept of a "bogey" team -- a foe that no matter how ... Portland Timbers exit after stunning defeat in Honduras Oct. 22, 1:06 a.m.
[CONCACAF CHAMPIONS LEAGUE] The Portland Timbers exited the Concacaf Champions League Tuesday when they suffered their ... Concacaf Women's Championship Scoreboard Oct. 21, 11:41 p.m.
[ROUNDUP: Tuesday] Just like in 2010, the USA will face Mexico in the semifinals at the ... Pep Guardiola: 'It's not normal to win, 7-1' Oct. 21, 8:22 p.m.
[UCL: Week 3] It was Germany-Brazil all over again. Bayern Munich with five German World Cup ... MLS set to break season attendance record Oct. 21, 6:24 p.m.
[CROWD COUNT] Major League Soccer is set to break its record for average attendance set in ... What They're Saying: Oli Makin Oct. 21, 3:36 p.m.
"I can't thank [the] police enough. It has saved the club a fortune and the players ... Soccer America Women's Top 25 Oct. 21, 5:22 a.m.
[COLLEGE RANKINGS] UCLA, Florida State and Stanford remained 1-2-3 in the Soccer America Women's Top 25 ... Soccer America Men's Top 25 Oct. 21, 5:20 a.m.
[COLLEGE RANKINGS] Creighton moved ahead of Washington into the No. 1 spot in the Soccer America ... Soccer America Power Rankings Oct. 21, 12:58 a.m.
[MLS: Week 32] A classic encounter left the LA Galaxy, No. 1 in the Soccer America ... >> Soccer America Daily Archives