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).
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