Celtic and when does financial prudence become sporting underinvestment? Sport Business By most conventional measures, Celtic should be a model of how to run a football club. According to the club’s latest accounts, Celtic generated £143.6m of revenue and £33.9m of profit after tax, while finishing the year with £77.3m in cash. Shareholders have benefited too. According to FactSet, Celtic shares have appreciated approximately 153 per [...]
Are financial rules fuelling the Premier League’s record transfer spending? Sport Business Premier League football’s financial regulations may have been designed to control transfer spending but they actually incentivise it, argues Danny Hill. Premier League clubs spent a record £3.46bn this summer. Around 38 per cent of deals were between Premier League clubs, up from 30 per cent last year, according to Reuters. The obvious explanations are [...]
