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  • Celtic contribute £165million boost to Scottish economy every year

    Celtic contribute £165million boost to Scottish economy every year

    By: Newsroom Staff on 20 Nov, 2018 11:15

  • THE scale of Celtic’s contribution to the Scottish economy every year has been set out for the first time by a new independent report prepared by the Fraser of Allander Institute.

    The economists estimated that the spending of Celtic and their supporters was worth £165MILLION in 2016/17 to the Scottish economy, helping to support the equivalent of 2,820 full-time equivalent jobs in Scotland. Such a boost to Scotland’s economy isn’t just a one off, but occurs annually.

    Report Highlights:

    - The spending of Celtic and supporters worth £165million to Scottish economy.

    - Attendances of almost 2million.

    - Helping to support the equivalent of 2,820 full-time equivalent jobs.

    - 25th strongest brand in world football.

    These conclusions emerge from an independent study commissioned by the club from the Fraser of Allander Institute at Strathclyde University which examined spending by the club and spectators at all matches involving Celtic FC during the 2016/17 season. The study also identified Celtic as the 25th strongest brand in world football.

    The report found that during the 2016/17 season, matches involving Celtic saw attendances of almost 2million, while more than 40 per cent of Celtic’s day-to-day spending was with Scottish firms.

    To illustrate the scale of Celtic’s contribution, other studies have estimated golf tourism’s contribution to Scotland’s GDP is around £155million each year, while the one-off economic impact of the Commonwealth Games in 2014 to Scotland was valued at £125million.

    The release of the research findings coincides with research recently commissioned by UEFA that assessed the economic and social contribution of football to the Scottish economy as a whole. This supported the conclusions of the study commissioned by Celtic that football was a valuable contributor to the Scottish economy.

    The findings were welcomed by Celtic Chief Executive, Peter Lawwell, who said: “We commissioned this research because of a feeling that the economic contribution from football in general, and Celtic in particular, is consistently under-valued.

    “While a huge amount of attention is rightly paid to one-off events like the Commonwealth Games and other activities which attract interest to Scotland and Glasgow, football’s economic contribution tends to be overlooked – yet it brings people here from around the world."

    The Celtic CEO noted that Celtic Park is the seventh most popular visitor destination in Scotland. The club’s website ranks 23rd in world football for 'hits', with more than one-third coming from outside Scotland.

    The club is particularly important to the Glasgow economy, with  a net inflow into the city of over one million people in the course of the season, mainly from within Scotland. However, 54 per cent of visitors from outside Scotland who visit the city to attend games stay in paid accommodation for an average of 1.7 nights. The report estimates that there are just over 90,000 bed nights related to matches in Glasgow featuring Celtic over the course of a season.

    The report highlights the limitations placed on Celtic by being a big club in a small league. It notes that 'clubs from leagues with higher brand value but fewer league attendances include Liverpool, Manchester City, Paris St Germain, Athletico de Madrid and Inter Milan'.

    Celtic’s social contribution is covered by the report which observes that 'The work of  Celtic FC Foundation is quite unlike standard football club foundations in scale and scope, with its focus on improving heath, promoting equality, encouraging learning and tackling poverty.'

    The report also notes that Celtic is 'the only football club in Scotland with Investor in People accreditation,' while 'all permanent staff members are paid in excess of the current Living Wage.'

    Peter Lawwell said: “There is a great deal in this report for the club and its supporters to take pride in. We also hope the Scottish Government and Glasgow City Council will recognise that Celtic, and football more generally, are significant economic players when it comes to issues like transportation links and tourism promotion.”

    Professor Graeme Roy, Director at the Fraser of Allander Institute said: “This study tracks the contribution of Celtic and the spending of their supporters on the Scottish economy. Our survey of supporters – including season ticket holders, international visitors and match-day spectators – was one of the largest that we have ever undertaken.

    “What is particularly interesting from our findings is the value of international spending that is attracted to Glasgow via Celtic. This acts as an ‘export’ for Scotland boosting jobs and supporting growth. This suggests that there is an opportunity to use regular major events – such as Scottish football – as a lever to help support economic development.”

    The report recommends that further research should take place into how other European cities harness the economic benefit from football and create an integrated vision, which supports areas like transport and tourism. 

    To read the full Fraser of Allander Institute report on Celtic's economic contribution to Scotland, CLICK HERE 

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