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| Member | Celtic reveal debts now stands close to £20m Celtic have revealed their debts have risen to close to the £20million mark following a drop in turnover and a poor season in Europe last term. The amount owed at Celtic Park has risen by £3.7million to £19.5million after turnover dropped by 9.9%, leaving the club with a loss of £7.73million for the year ending June 30. The Glasgow giants confirmed group turnover decreased by 9.9% to £62.17million. Celtic, who won the Tennent's Scottish Cup last season under Martin O'Neill, confirmed the year-end debt was up from £15.8million to £19.5million from the previous year, while loss after taxation was also up from £7.47million in 2004 to £7.73million. As if that wasn't a big enough kick in the toys the team finished bottom of their Champions League group last season, leaving them without an additional round of UEFA Cup football. Hail Hail
__________________ Love the Irish Last edited by knvb; 08-19-2005 at 02:25 PM. |
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