Celtic watch share price skyrocket to 23 year high as buzzing fans all say the same thing

-Credit: (Image: SNS Group)
-Credit: (Image: SNS Group)

Celtic have seen their share price skyrocket to its highest value in 23 years.

The latest figures from the London Stock Exchange demonstrate that the Parkhead giants' value has increased to a remarkable to a 192p for the first time since Martin O'Neill's trophy-laden tenure back in November 2000, when shares were valued at around 188p.

That price has seen a sharp rise since the end of Brendan Rodgers' sides double winning season in 2023/24, with the shares sitting at around 140p back on May 31. On top of the cash influx as a result of their Premiership and Scottish Cup triumph, the Hoops will also receive an additional boost of £30million from qualifying for the revamped UEFA Champions League where they will be guaranteed at least eight matches against different sides between September and January 2025. The top eight sides in the league phase will progress automatically for the round of 16, while the teams finishing in 9th to 24th place will compete in a two-legged knock-out phase play-off to secure their place in the last 16 of the competition.

The Parkhead club are still to announce the results of the last financial year that ended on June 30, but are expected to confirm record profits after an interim report previously disclosed that they had a healthy £67.3million in the bank at the start of 2024. It also revealed that revenue increased by 11 per cent to £85.2m in the second half of 2023, while the pre-tax profit was £30.3m.

Despite spending £20million on new players last summer, Celtic supporters were left furious with the club's lack of activity in the transfer market last season, with the Hoops going onto finish bottom of their Champions League group with just four points from a possible 18. The champions are yet to strengthen their squad this summer, but as revealed by Record Sport earlier this week, are close to landing Norwich City striker Adam Idah on a permanent deal.

The Republic of Ireland international shone in a loan in the east end of Glasgow last season, scoring nine goals in 18 matches, and boss Rodgers made it no secret that he wanted the player to return to Parkhead. English Championship side Norwich were reluctant to sell, but with the player himself pushing for a move, the respective sides are now in advanced talks over a reported £6million switch.