Celtic's chief executive, Peter Lawwell, announced a pre-tax profit of £43.9 million, a significant increase from the previous year. This financial success coincides with on-field achievements, including winning the Scottish Premiership and Scottish Cup, qualifying for the Champions League, and advancing to the knockout stage. The club invested heavily in new players during the summer transfer window, breaking their transfer record twice.
The chief executive has spoken out after the Hoops announced a pre tax profit of £43.9million - a figure that has risen almost £12m from this time last year. It's been a successful six month period for the club on the pitch with the Scottish Premiership title and Scottish Cup in the trophy cabinet at Parkhead while they also qualified for the Champions League main event once gain in the newly revamped league phase.
Lawwell conceded that the champions 'aimed to do more in the recent window' with Jeffrey Schlupp the only incoming on deadline day alongside the return of Jota earlier in the month but he stated that the club 'go into the remainder of the season from a strong position and with confidence.' "Profit from trading has reduced £5.1m between the six months ended 31 December 2024 compared to the same period last year due to a number of factors including, higher labour costs, the full year effect of higher utility contracts entered into in the prior year and significant stadium preventative maintenance spending. The increase in the PBIT of £13.6m to £43.9m was mainly driven by the exit of seven players resulting in the net gain on player trading of £21.
"During the January 2025 transfer window, we acquired the permanent registration of Jota and the temporary registration of Jeffrey Schlupp. In addition, we extended the contract of Kasper Schmeichel and entered into a pre-contract agreement that will see Kieran Tierney return to Celtic in July 2025. We disposed of the registrations of Kyogo Furuhashi, Alexandro Bernabei and placed Luis Palma, Odin Holm and Stephen Welsh on Loan.
"Following finishing 21st of 36 in the Champions League group phase, we entered the knock-out round of the competition, which sees us drawn against German Bundesliga league leaders and six times European Champions Bayern Munich, in what will be both a challenging and exciting tie.
CELTIC FINANCIALRESULTS TRANSFERRECORD CHAMPIONSLEAGUE SCOTTISHPREMIERSHIP SCOTTISHCUP
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Could Celtic join the Premier League? Rodgers reignites debateBrendan Rodgers' comments about Celtic's potential move to the Premier League have resurfaced after reports suggested the Scottish club is interested in playing in England's top division. While there are no concrete plans for either Celtic or Rangers to leave the Scottish Premiership, Rodgers believes Celtic would comfortably adapt to the Premier League and challenge for a top-six spot. Fans have reacted skeptically to Rodgers' prediction, suggesting Celtic would struggle against the competition.
Read more »
Celtic vs Dundee Match in Jeopardy as Storm Eowyn Wreaks Havoc at Celtic ParkThe highly anticipated Scottish Premiership match between Celtic and Dundee is in doubt due to severe damage caused by Storm Eowyn at Celtic Park. The club is unable to assess the full extent of the damage and will make a final decision on Saturday morning.
Read more »
Brechin City Keeper Dreams of Celtic Clash in Scottish CupBrechin City goalkeeper Lenny Wilson hopes for a clash against Celtic in the Scottish Cup, a chance to reunite with former St John's University teammate Alistair Johnston. Despite facing a tough challenge against Hearts in the fourth round, Wilson believes his team can pull off an upset and showcase their talent on a national stage.
Read more »
Celtic Aim for Treble as They Face Kilmarnock in Scottish Cup ClashCeltic gear up for a crucial Scottish Cup encounter against Kilmarnock, seeking to complete a historic Treble after winning the League Cup and maintaining a dominant lead in the Premiership. The Hoops are determined to avenge a previous defeat against their opponents and secure a third consecutive victory in the Scottish Cup.
Read more »
Scottish Cup 4th round: Maeda goal ensures holders Celtic edge past KilmarnockDaizen Maeda's second-half goal ensures holders Celtic start the defence of their Scottish Cup with a victory over Premiership rivals Kilmarnock.
Read more »
Scottish Cup Weekend: Celtic Overcome Kilmarnock, Rangers Cruise Past FraserburghFans react to the weekend's Scottish Cup ties, with Celtic edging past Kilmarnock and Rangers dominating Fraserburgh.
Read more »