Football

Celtic Release Financial Results Showing They Have Almost £39M in the Bank

Celtic Release Financial Results Showing They Have Almost £39M in the Bank

Celtic have released their latest financial results, and the figures show just how healthy the Parkhead club are off the pitch.

Earlier today, the Hoops showed off their latest balance sheet for the period ending December 31 2018 on their official website, and net cash at bank after tax shows a whopping figure of £38.6 million.

Overall, Celtic’s revenue has decreased by 30% from last year, dropping from £71.5 million to £50 million, probably primarily due to Brendan Rodgers’ side missing out on a third consecutive season of Champions League.

Moreover, Moussa Dembele’s £20 million move to Lyon back in September has seen the profit from the transfer of player registrations increase to £17.6 million, up from just £500,000 in the previous year.

As Celtic fans will know only too well, Rodgers needs recruits all over the park ahead of next season, with several players on loan unlikely to join on permanent deals.

Do you think Peter Lawwell will sanction a summer spending spree with the £39 million?

Let us know in the comments section below…

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