Celtic announce £11.2m annual profit

This was despite a drop in revenue for Celtic Park club. Picture: John Devlin
This was despite a drop in revenue for Celtic Park club. Picture: John Devlin
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CELTIC made an £11.2million pre-tax profit last season despite a significant drop in revenue.

The club’s annual accounts showed group revenue decreased by 14.6 per cent to £64.7million, with some of the fall being attributed to a £100 reward to season ticket holders.

Operating expenses also fell, by 4.5 per cent to just under £60million, to leave Celtic with almost £4million in the bank on June 30.

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• Player sales boost Celtic profits to £21.3m