Celtic have confirmed their key financial items for the year after a successful year on and off the pitch in Glasgow's east end.
Group revenue has jumped 45.2% to 88.2m while money from transfers also rose from previous seasons with the sales of Kristoffer Ajer, Ryan Christie and Odsonne Edouard included in this intake, taken from June 30th 2021 to June 30th, 2022. Ange Postecoglou joined in the summer of 2021 and with him he has brought the Premiership title back to Parkhead and Champions League group stage football.
A revamped playing squad with the permanent additions of striker Kyogo Furuhashi, forward Giorgios Giakoumakis, midfielder Reo Hatate, winger Jota and defender Cameron Carter-Vickers among a number of big name additions in the last three windows. It means there is a profit before taxation of £6.1m, whereas in 2021 Celtic reported a £11.5m loss for the club off the back of the Covid pandemic.
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READ MORE: The staggering Celtic transfer fees confirmed as Hoops go all out for Carter-Vickers and Jota
Key Financial Items
Group revenue increased by 45.2% to £88.2m (2021: £60.8m)
Operating expenses including labour increased by 23.4% to £91.7m (2021: £74.4m)
Gain on sale of player registrations of £29.0m (2021: £9.4m)
Acquisition of player registrations of £38.4m (2021: £13.5m)
Profit before taxation of £6.1m (2021: Loss of £11.5m)
Year-end cash net of bank borrowings of £30.2m (2021: £16.6m)
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