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| Celtic FC- wikipedia.org |
In a statement released to the stock exchange on Monday afternoon, Celtic disclosed that revenue skyrocketed to a 94.7% increase from 2015's tally of £31.4m to £61.2m. Trading profits for the Glasgow club surged from £1.6m to £21.4m from Champions League funds.
The statement from Chairman Ian Bankier read thus: "From a financially stable base at the year end, during the summer transfer window we invested £9.5m (2015: £6.1m) in the playing squad with the acquisition of the registrations of Scott Sinclair, Moussa Dembele, Kolo TourĂ©, Christian Gamboa and Dorus de Vries."
"Our profit on disposals of intangible assets of £2.0m (2015: £12.6m) largely reflects the transfer of the registration of Stefan Johansen to Fulham. Subsequently, during the January 2017 transfer window, we have invested further by acquiring the registration of Eboue Kouassi."
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| Dembele- celticfc.net |
"Looking forward, and entirely in line with our trading seasonality, we do not expect the same level of financial performance in the second half of 2017. In this period we will play fewer home fixtures and no European games. Our objective for the remainder of the year is to win the SPFL Premiership, secure the Scottish Cup and build towards the European qualifiers in the summer."
"Off the park, we were proud to become the first club in the UK to offer 3,000 of our fans the option of viewing domestic matches in a 'safer standing' environment, with the installation of rail seating at Celtic Park. This has been very popular with fans and has attracted much interest from clubs in Scotland and England."
Celtic top the SPL table as they look to secure another title triumph despite the return of Old firm's Rangers to the top tier.
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