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Celtic Quick News · Nov 10, 2021
Newconomics: Interest payments 75% above transfer spend
Celtic net financing cost £201k (interest paid minus interest earned), Newco net finance cost £2.997m, that’s 6.25% of their income paying for previous season’s spend. This percentage is a key metric for distressed companies. David Murray’s Rangers paid 7.7% of their income in finance costs 19 years ago. That was clearly unsustainable...
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SPFL Table
| Team | P | W | D | L | F | A | GD | Pts | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Celtic | 38 | 29 | 5 | 4 | 112 | 26 | 86 | 92 |
| 2 | Rangers | 38 | 22 | 9 | 7 | 80 | 41 | 39 | 75 |
| 3 | Hibernian | 38 | 15 | 13 | 10 | 62 | 50 | 12 | 58 |
| 4 | Dundee United | 38 | 15 | 8 | 15 | 45 | 54 | -9 | 53 |
| 5 | Aberdeen | 38 | 15 | 8 | 15 | 48 | 61 | -13 | 53 |
| 6 | St Mirren | 38 | 14 | 8 | 16 | 53 | 59 | -6 | 50 |
| 7 | Hearts | 38 | 14 | 8 | 16 | 51 | 47 | 4 | 50 |
| 8 | Motherwell | 38 | 14 | 7 | 17 | 45 | 62 | -17 | 49 |
| 9 | Kilmarnock | 38 | 12 | 9 | 17 | 45 | 63 | -18 | 45 |
| 10 | Dundee | 38 | 10 | 9 | 19 | 55 | 77 | -22 | 39 |
| 11 | Ross County | 38 | 9 | 10 | 19 | 36 | 64 | -28 | 37 |
| 12 | St Johnstone | 38 | 9 | 6 | 23 | 38 | 66 | -28 | 33 |