Hooped economics

ArticleBot · 08-19-2005, 01:42 PM

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

**knvb** · 08-19-2005, 02:08 PM

Article Bot report just for Captain.

08-19-2005, 01:42 PM	#1 (permalink)
ArticleBot Member Joined: Jul 2001 Posts: 991 TTP Friends: (0)	Hooped economics 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.

08-19-2005, 02:08 PM	#2 (permalink)
knvb Kick'n it old school... A Total Bastard Joined: Aug 2001 Location: Langley Posts: 10,594 Images: 229 TTP Friends: (6)	Re: Hooped economics Article Bot report just for Captain. __________________ McDirty can I ask you somthing intalagent. Mr. Base

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