Celtic Reports Decrease in Profit Despite Revenue Growth

Celtic Football Club has reported a post-tax profit of £13.4 million for the year ending June 2024, a decrease from £40.7 million the previous year, attributed to increased operating expenses and lower gains from player sales. Despite this, total revenue rose to £124.6 million driven by UEFA Champions League participation and strong retail performance. Cash reserves have grown to £77.2 million, reflecting a solid financial position. The club's investment in player acquisitions reached £16.6 million, while it reported a £6.6 million gain on player sales, significantly down from £14.4 million last year. Chairman Peter Lawwell highlighted the successful seasons of both the men's and women's teams, with the men's team achieving the Premiership and Scottish Cup double, and the women's team winning their first SWPL Championship. Celtic aims to continue its dominance in Scottish football while enhancing its European competitiveness.