Celtic have announced a pre-tax profit of £24.4million in the club’s interim set of six month accounts to December 31st 2019, as per CelticFC.net.

The Scottish champions generated a remarkable £53m worth of income during that period with the overall profit up £6.6m based on the same period the prior year.

Chairman Ian Bankier said: “I am pleased to report another strong set of interim results, for the six months ended 31 December 2019. These show revenues of £53.3m (2018: £50.0m) and a profit before taxation of £24.4m (2018: £18.8m) that included a profit from trading of £7.1m (2018: £6.2m). Period end net cash at bank was £32.9m (2018: £38.6m).

Subscribe

“Whilst the financial results were absent of the enhanced income associated with Champions League football for a second year, the overall financial performance improved.

“In addition to significant gains from player sales, the underlying trading remained buoyant through revenues from commercial arrangements, match day sales, hospitality and merchandising.”

General view of Celtic Park

(Photo by ANDY BUCHANAN/AFP via Getty Images)

Understandably the results have prompted a big reaction.

Plenty of that appears to be positive though there are some who feel that the club could do a better job of investing in the first-team with the millions on offer.

Celtic didn’t do much business in the January transfer window, adding two 21-year-olds to the squad rather than the kind of experienced professional that could immediately improve Neil Lennon’s starting eleven.

Nonetheless, there is no doubt that overall the club is in rude health with Chief Executive Peter Lawwell overseeing a period of unprecedented success on and off the field.

Our current status means we can look forward to another positive summer transfer window, much like last year’s which brought us big signings like Christopher Jullien.

These fans have taken to Twitter tonight to share their thoughts on it all…

 

Have something to tell us about this article?

Subscribe to 67 Hail Hail TV now