Celtic news

UCL run almost wipes out Celtic debt

February 11, 2013
Celtic's Champions League success helped virtually wipe out their bank debt as they made a pre-tax profit of almost £15 million in the second half of last year.

Celtic's net bank debt stood at just £130,000 on December 31 - down from more than £7m 12 months previously, according to the club's interim report.

Celtic's turnover increased by 71% to just over £50m in the final six months of the year, with operating expenses up by 30% to almost £37m.

The period in question ...

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