Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
6. CELTIC: Mid-year profits reach $36 million
February 16th, 2007 1:33AM

MOST READ

MOST COMMENTED

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 midfield star
Shunsuke 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 season.

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.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Business Reporter: Union teams up with Dogfish Head    
The Philadelphia Union will open to a new destination beer garden with Dogfish Head Brewery at ...
Columbus switches USL PRO affiliations    
The Columbus Crew will team up with the Austin Aztex to send players from its first ...
Lee Nguyen: Sitting back is not in Revs' DNA    
The New England Revolution tied an MLS record when it scored nine goals in its first ...
What They're Saying: Jerome Valcke    
"It is easy to destroy a reputation, it takes one second, it takes years to build ...
Champions League scenarios: 11 teams for five spots    
Eleven teams have qualified for the knockout stage of the Champions League, and 11 more teams, ...
Video Pick: Bend it like Uesato    
Our favorite free kick goal of the week comes from J-League 2, where Consadole Sapporo's Kazumasa ...
Breaking down the NCAA Division I women's quarterfinals    
The NCAA Division I Women's Tournament moves into the quarterfinals with three games on Friday and ...
A back-heel sombrero from Greek boy     
[VIDEO PICK: Skills] Greek youth soccer, in a game between AO Ioannina and Agia Eleousa, delivers ...
What They're Saying: Jose Mourinho    
"Obviously they must be very sad with the result but when we lose against a team ...
Report: W-League champion Pali Blues are folding    
The LA Blues won W-League titles as the Pali Blues in 2009, 2009 and 2013 and ...
>> Soccer America Daily Archives