Brendan Rodgers insist Celtic still have premiership title race ‘ in own hands’
The Celtic PLC bank account was expected to be in the red by £100 million, but the actual figure is slightly more than £67 million.
The PLC has made significant investments in the creation of new Barrowfield training facilities,
upgrades to Lennoxtown, and additional stadium improvements at Celtic Park.
Celtic have invested in its current playing personnel, with numerous first-team players earning contract extensions and hefty compensation increases.
Celtic PLC Chairman Peter Lawwell provides the narrative to accompany the data,
and, unusually, he also discusses the club’s difficulties during the January transfer window.
Targets were unavailable because clubs would not sell, and Lawwell reveals that substantial interest in many players (O’Riley, Abada, and possibly one or two others?) was turned down in each case.
From the Chairman’s Statement in the Celtic PLC Interim Report,
Peter Lawwell wrote:”In terms of funding, the cash and cash equivalents balance decreased from £72.3 million to £67.3 million throughout the review period.
A large chunk of this money will be used to build a new training facility at the Barrowfield site,
complete the Lennoxtown developments, and fund future stadium projects.
“The Board acknowledges the inherent inefficiencies of keeping surplus cash and,
in conjunction with other cash obligations, the significance of investing in team building to achieve football success.
The Board understands the supporters’ disappointment with the lack of activity during the last transfer window.
We have invested £23.9 million in player investment since the transfer window opened in June 2023 and through the winter transfer window,
which finished on February 1, 2024. Within this,
we renewed and extended the contracts of Cameron Carter-Vickers, Liel Abada, Matt O’Riley, Anthony Ralston, and Reo Hatate.
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