Following their recent 6-0 defeat to Atletico Madrid in the Champions League, Celtic’s chairman Peter Lawwell emphasized the widening financial divide with Europe’s elite clubs during the club’s AGM.
Despite announcing a substantial pre-tax profit of £40.7 million for the last financial year, Lawwell pointed out the challenges Celtic faces on the European stage. While the team has been performing admirably in the Scottish Premiership, their Champions League journey has been less successful, earning only one point from four matches.
Lawwell admitted, “The financial disparity with major European teams is increasing, yet we remain determined. We’ve shown our ability to hold our own, especially in games against Atletico Madrid and Lazio at home. Consistency is key.”
He also highlighted the club’s financial success, saying, “This year was financially remarkable, and our core financial health is strong.”
Celtic’s recent track record in the Champions League has been underwhelming, with only one win in their last four group stage appearances.
Manager Brendan Rodgers reflected on the team’s performance, saying, “Aside from the second half against Atletico, our players have been progressing well. We need to build a stronger team in the upcoming seasons.”
Addressing the ban on the Green Brigade fan group, Chief Executive Michael Nicholson emphasized safety concerns, saying, “We need Celtic Park filled with supportive fans, but it must be safe. The decision to ban this group wasn’t easy, but necessary for safety.”
Rodgers, meanwhile, spoke of refining the team, aiming to reduce squad numbers while enhancing quality. “Our focus is on streamlining the squad and bringing in superior talent,” he stated.
Keep up with all things Celtic – we’ve expanded our coverage to ensure you don’t miss a beat. Everything you need to know about Celtic is right here.
Frequently Asked Questions (FAQs) about Celtic AGM Update
What did Celtic Chairman Peter Lawwell say about the financial gap in European football?
Lawwell highlighted the growing financial disparity between Celtic and Europe’s top clubs at the club’s annual general meeting, emphasizing the increasing challenges Celtic faces in European competitions.
How did Celtic perform financially in the last year?
Celtic announced a substantial pre-tax profit of £40.7 million for the year ending in June, marking a financially successful year for the club.
What are the recent performances of Celtic in the Champions League?
Celtic has struggled in the Champions League, securing only one point from four group games in the current season and only winning one match in their past four group stage campaigns.
What did Brendan Rodgers say about the team’s performance and future?
Rodgers acknowledged the team’s good progress, except for the second half against Atletico Madrid. He stressed the need to strengthen the team in future seasons to enhance their competitiveness.
What was said about the Green Brigade supporter group’s ban?
Chief Executive Michael Nicholson discussed the ban, citing safety concerns in the stadium and the escalation of these concerns, leading to the decision to ban the group.
More about Celtic AGM Update
- Celtic Official Website
- UEFA Champions League Updates
- Scottish Premiership News
- Financial Reports in Football
- Brendan Rodgers Coaching Profile
3 comments
Lawwell’s talkin bout finances, but what about the team’s performance? Money isn’t everything, need better tactics on the field!
Celtic’s got a long way to catch up with top European clubs, its not just about money, its about strategy and talent development too.
Man, its tough to see Celtic struggling in Europe like this.. we need to step up our game, especially against teams like Atletico. Lets go Celts!