CELTIC may be in the best financial shape of their history after posting a £14.9m pre-tax profit for the six months to December 2012, according to Peter Lawwell, the club's chief executive.
CELTIC may be in the best financial shape of their history after posting a £14.9m pre-tax profit for the six months to December 2012, according to Peter Lawwell, the club's chief executive.
Peter Lawwell
Custom byline text:
Hugh MacDonald
The buoyant figures were announced on the eve of the Champions League last-16 tie against Juventus, and testified to the financial clout that accompanies the prestigious tournament.
Celtic's turnover increased by 71% to £50.06m against last year's £29.27m. This produced a profit on trading of £13.10m and, combined with a profit on selling players, most notably Ki Sung-Yueng to Swansea City, this produced the pre-tax profit that has partially been used to reduce Celtic's bank debt from £7.5m at the same period last year to £180,000 now.
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