Celtic's Champions League exit to AEK Athens proved costlyCeltic's annual revenue fell by 17.9% to £83.4m last season as they failed to reach the Champions League group stage for the first time in three years. The Scottish champions' financial results, for the year ending 30 June 2019, show a pre-tax profit of £11.3m, down from £17.3m the previous year. But they faltered in the Champions League third qualifying round against AEK Athens last term, before qualifying from their Europa League group to reach the last 32 of the less lucrative tournament. The club record £19.7m sale of Moussa Dembele to Lyon helped to offset the loss of Champions League money. "The financial results for the year demonstrate the robustness of the group's strategy of investment in football operations, whilst maintaining a self-sustaining financial model," Bankier said.

Source: BBC September 27, 2019 17:48 UTC