The Economic Contribution of Celtic FC

Fraser of Allander Institute; (2018) The Economic Contribution of Celtic FC. [Report]

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    Abstract

    Celtic FC is a leading professional football club in Glasgow, Scotland, founded in 1888 and participating in domestic and European competitions. The club has enjoyed considerable "on field" success and has become a significant business in its own right with a strong financial record from ticket sales, merchandise, and broadcasting rights. During the course of a season, the club's matches draw significant attendances, the bulk of which are in Glasgow but also further afield. Millions more will be aware of Celtic FC from broadcasting of matches through various media outlets. Whilst the majority of people attending Celtic FC matches will be from Scotland, a significant number of attendees reside outside Scotland. The clubs "reach" therefore spans not only the domestic market but – like many major clubs – extends internationally. Increasingly, major football clubs are becoming a visible representation of a town, city or region on a global scale. Celtic is no different. The aim of this report is to estimate the contribution of Celtic FC to the Scottish economy. This contribution is the sum of two elements: i) the economic footprint of the club itself plus ii) the economic boost from supporters attending matches (home and away) involving the club.