Greg Taylor Celtic transfer helps Kilmarnock post profit for season cut short by coronavirus
Kilmarnock have recorded a profit in their annual financial report – despite last season’s early finish in the coronavirus crisis.
Transfer fees for Greg Taylor to Celtic and Liam Smith’s move to Manchester City helped keep Killie in the black, allied with cash injections from directors Billy Bowie and Phyllis McLeish.
The Europa League tie with Connah's Quay Nomads also brought in more than £112,000 in revenue however, no games and therefore no gate income was recorded from mid-March as the Covid pandemic forced Scottish football to shutdown.
Despite the upheaval late in the financial year, the club accounts released ahead of next month’s shareholders meeting show the Ayrshire club made £61,483 in the year ending May 31, 2020.
A club update ahead of the April 12 AGM detailed the two directors “committed further funds to the club in times of great need, in excess of £400,000” which also contributed to the positive numbers which is less than the £125,000 profit of the year before.