Celtic’s £8.1m Outlay Slips Under the Radar

Shareholders now have access to the whole Celtic annual report, which provides a thorough analysis of the team’s financial performance over the previous 12 months. One of the report’s most notable numbers is the substantial £8.1 million spent on “Property, Plant and Equipment,” which represents a huge increase over the £1.8 million spent the year before. So, what happened to the extra cash?

The majority of the money, £5.7 million, has gone towards the club’s training facility, Barrowfield, which is currently undergoing renovations. This project will provide cutting-edge facilities and modernize the grounds. Given that Barrowfield’s renovation is still ongoing, Celtic supporters should anticipate seeing more substantial numbers in upcoming reports. This kind of infrastructural investment shows the club’s dedication to long-term growth, guaranteeing that their  training facilities are up to the highest standard to enhance player performance and development across all levels.

The essential stadium upkeep has accounted for the remaining £8.1 million. To guarantee that Celtic Park continues to be a premier football stadium, this entails repairing seats and implementing other upgrades. A portion of the funds were also used to update the stadium’s LCD screens, which are now suspended from the roof at both ends and improve the fan experience on matchdays.