ArticleBot
Active 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
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
