Celtic’s £40.7 million announcement should scare Rangers

Celtic have been outright the most dominant team in Scottish football for over a decade now. That kind of success on the pitch has translated to success off it as well. At this point in time, they are in a very stable position right now and set up to continue their dominance for the foreseeable future.

There was a lot of discussion in the media in recent weeks about Celtic’s summer transfer spending and how it is higher than that of the Rangers. That should not come as a surprise to anyone though.

Celtic recently announced their Annual Results for the year ended 30 June 2023 on the club’s official website. They posted a profit before taxation of £40.7 million, up from £6.1 million in 2022. Revenue increased by 35.8% to £119.9 million.

Those are some big numbers for sure and explain the club’s summer transfer activity. In fact, after seeing those results, many Celtic fans will be disappointed that the Hoops did not make any marquee signings. In contrast, over the past decade, it is believed that the Rangers have posted combined losses crossing £100 million.

Celtic’s £40.7 million announcement should scare Rangers

These results just show that Celtic’s dominance over the Scottish game is here to stay. They might have an off-year here and there. But overall, no other team in the league is better placed than the Hoops.

Of course, many fans might question why Celtic have not been more adventurous while building their team when you consider the profits that they are posting. But at the same time, it is also important to recognise how quickly things can change.

It is important to have that buffer. It was one of the biggest reasons why the club were able to rebuild the squad for Ange Postecoglou in such a short span of time despite the uncertainty of the global circumstances in 2021.