Monday 25 September 2017

Celtic announce a £3.95m loss for last season

Celtic manager Ronny Deila
Celtic manager Ronny Deila

Celtic have announced a pre-tax loss of £3.95million last season.

The deficit for the year ending June 30 followed a profit of more than £11million in the 2013-14 campaign.

Revenue fell by more than a fifth to £51.1million, a fall attributed to a drop in transfer income and the failure to reach the Champions League.

Celtic still made a £6.8million gain on transfers but that was down from more than £17million in the previous 12 months.

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