Celtic have revealed pre-tax profits of £17.3m and have broken the £100m barrier in terms of turnover, with chief executive Peter Lawwell insisting that the club will continue to back Brendan Rodgers. The club’s wage bill is up by £7m per annum while £87m of the club’s £101m turnover goes on wages, bills and running costs. “Building on the remarkable Invincible season last year, the club made history again this year by winning the double Treble for the first time in Scottish football history,” said Lawwell.
“The club recognises that success on the pitch leads to success off the pitch, which is why the board is committed to investing in our football operations.
“Our ambition remains to create a world-class football club.
“Our success on the pitch this year has allowed us to commit, not only to fees for transfers.
“Total labour costs in 2018 increased by £7.1m, from £52.2m to £59.3m, largely due to increases in the football department.
“This has allowed the club to retain key football personnel including Kristoffer Ajer, Kieran Tierney, Calum McGregor, Tom Rogic and Leigh Griffiths on long-term contracts.
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“We continue to search the world for talented players to play the Celtic way, such as Odsonne Edouard who joined for a club record transfer fee.
“Our objective is always to bring players to the club who will improve the squad.”
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