Celtic have enjoyed over two decades of domestic dominance over our rivals as the club continues to break records on the park.
Ever since Martin O’Neill came in and revolutionised the way we play and introduced a higher calibre of players like Chris Sutton, Neil Lennon and John Hartson to the club, Celtic have swept all before them.
Since 2000, Celtic have won 18 league titles, 12 Scottish Cups and 10 League Cups which included a second nine-in-a-row and an unprecedented Quadruple Treble.
But as well as on the park, off the park Celtic have never been in better health. And just his week, we have seen the share price rise to a level that we have not seen since December 2000.
Why has Celtic share price soared to a record high?
According to the latest figures from The London Stock Exchange, Celtic’s share price is at a 23-year high this week at 192p. The last time the price was so high was in December 2000 when it sat at 188.39p.
Success breeds success and with that comes the riches of that. With Celtic winning so much domestic silverware, the prize money that comes with it and access to Champions League millions are crucial to the club’s financial results.
But is that the only reason the share price has jumped so much?
We spoke to football finance expert Adam Williams to find out what possible reasons could be attributed to the sharp rise in price.
Wilson said, “One of the last times we saw a spike in Celtic’s share price was when an all-British league was mooted in 2021.
“As far as I can tell, there’s nothing of that nature in the news at present that would spark this, however.
“The lucrative expanded Champions League format is a driver, but that has been in the post for some time and has already been recognised by the market.“
Celtic have enjoyed some incredible success off the pitch. Just last season we saw the club hit a record turnover of £119.3m which was an increase of 35.8% on the previous year.
Profit before tax was £40.7m which was a sharp increase from the 2022 figure of £6.1m and we also saw Celtic sit comfortably with over £72m in cash reserves.
With the success the club enjoyed last season and the money raked in from the 2023/24 Champions League campaign, the club’s financial reports are likely going to look extremely healthy in the next set of annual accounts.
The club’s financial health is a testament to the job Dermot Desmond and the Celtic board are doing behind the scenes and the fans will be hoping that some of that cash will be heavily invested into the Celtic first team this summer.
