Business model

The outgoing Celtic figure supports the business model and greets fans

Celtic released the club’s annual results for the financial year ending June 30, 2022 on Tuesday evening, and what is perhaps most interesting is the statement made by Celtic chairman Ian Bankier.

Bankier is leaving his role at Celtic Park at the end of the year, and he used his latest statement as chairman to not only support the business model the club have been using recently, but he also paid tribute to Celtic’s support.

We have every confidence in our business model which, during my time in office, has demonstrated its robustness, especially in these difficult times. In closing, I would like to thank all my colleagues at Celtic, whose enormous efforts have made this pleasant year of transition possible. I also pay tribute to our remarkable support, which supported the Manager and the team every step of the way.

Celtic managed to record a profit of £6.1million for the year ending June 30, 2022, which is quite remarkable when you look at the issues the club has faced in recent years, particularly Covid .

It seems to show that the club’s current business model is working and won’t change anytime soon.

READ THE CELTIC VERDICT:

You don’t usually hear of Ian Bankier, he has a much lower profile than other Celtic Park figures over the years, like Peter Lawwell, and that’s probably a good thing, because the last thing you want is more attention off the counts pitch than on the counts pitch.

Ian MacNicol/Getty Images Sport

It must be said that Celtic’s business model seems to be working at the moment, but for that to continue over the next few years, the Hoops will probably have to make sales, which has been the case at Celtic for the past 10 years, the Hoops have made excellent money on players leaving the club, including Kieran Tierney and Moussa Dembele.

It’s always a shame when players leave Celtic, but to be realistic, the days of players committing to a club forever are almost over. It’s also interesting to see Bankier pay homage to Celtic support.

Hoops fans have been supportive of Ange Postecoglou since he joined the club, and it’s safe to say they played a big part in the success the Aussie has achieved since joining the club. The fans deserve credit for sticking with the manager after an indifferent departure, and the outgoing Celtic chairman is right to congratulate those who follow the club.