Celtic announce £11.2m annual profit

CELTIC made an £11.2million pre-tax profit last season despite a significant drop in revenue.
By The Newsroom
Published 12th Sep 2014, 19:12 BST
This was despite a drop in revenue for Celtic Park club. Picture: John DevlinThis 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

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.

SEE ALSO:

• Player sales boost Celtic profits to £21.3m