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Newconomics: Interest payments 75% above transfer spend
Celtic Quick News · Nov 10, 2021
Newconomics: Interest payments 75% above transfer spend
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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Hibs Easter Road Stadium Europe |
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Scottish Premiership
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Easter Road Stadium
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Celtic Celtic Park Glasgow |
Aberdeen |
Scottish Premiership
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SPFL Table
| Team | P | W | D | L | F | A | GD | Pts | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Celtic | 27 | 22 | 3 | 2 | 77 | 14 | 63 | 69 |
| 2 | Rangers | 27 | 17 | 5 | 5 | 54 | 22 | 32 | 56 |
| 3 | Aberdeen | 27 | 12 | 5 | 10 | 35 | 39 | -4 | 41 |
| 4 | Dundee United | 27 | 11 | 7 | 9 | 33 | 31 | 2 | 40 |
| 5 | Hibernian | 27 | 9 | 10 | 8 | 39 | 38 | 1 | 37 |
| 6 | St Mirren | 27 | 10 | 4 | 13 | 32 | 39 | -7 | 34 |
| 7 | Hearts | 27 | 9 | 6 | 12 | 37 | 37 | 0 | 33 |
| 8 | Ross County | 27 | 8 | 8 | 11 | 30 | 48 | -18 | 32 |
| 9 | Kilmarnock | 27 | 8 | 7 | 12 | 31 | 42 | -11 | 31 |
| 10 | Motherwell | 27 | 9 | 4 | 14 | 30 | 46 | -16 | 31 |
| 11 | Dundee | 27 | 7 | 6 | 14 | 39 | 58 | -19 | 27 |
| 12 | St Johnstone | 27 | 6 | 3 | 18 | 30 | 53 | -23 | 21 |