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Celtic report hike in profits

Celtic have reported a pre-tax profit of almost £10m for the year-ended June 30, 2013, the 125th anniversary of their founding in 1888.

Last Updated: 23/09/13 at 16:40 Post Comment

Celtic: Profits up in 125th anniversary year

Celtic: Profits up in 125th anniversary year

The Scottish champions' on-field success resulted in the club turning a £7.37m loss into a £9.74m profit for the 12-month period.

The SPL and Scottish Cup winners also reached the last 16 of the Champions League, taking the number of their home games to 30, up six on the previous year.

Overall group revenue increased by 47.7% to £75.82m, and the club ended the term with £3.76m in the bank, wiping out £2.77m net bank debt from 2012.

Commenting on the figures, Celtic chairman Ian Bankier said: "I am delighted to report the success on the field and, in particular, our European campaign, have contributed to a very sucessful trading period.

"This is not only a highly satisfactory result, but represents a five-year record profit.

"While the undoubted highlight of last season was qualifying from the group stages of the Champions League, it was crucial that we won the SPL title for the second time in a row to get another shot at Europe.

"The momentum we build by competing in Europe at this level in two successive years is considerable, both financially and in terms of our player pool development strategy.

"We have enjoyed tremendous support from our fans, sponsors, business partners and shareholders and I thank them all."

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hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

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ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

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e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

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