Celtic have, as expected, delivered impressive financial results, announcing a post-tax profit of £13.4 million for the year ending June 30, 2024. While pre-tax profit dipped to £17.8 million from last year’s £40.7 million, the club’s overall revenue grew to £124.6 million, and cash reserves hit a record £77.2 million. This biscuit tin is well-stocked.
The drop in profits doesn’t seem to be causing much worry at Parkhead. Chairman Peter Lawwell said it was all "in line with expectations," pointing to rising operating costs, higher player wages, and the absence of some big one-off income from the previous year. He also highlighted the club’s hefty investments, including £16.6 million spent on player signings and the ongoing redevelopment of the Barrowfield training facility.
