Celtic saw revenue fall by 16 per cent last season as the pandemic had an immediate impact on their finances. The club made a pre-tax profit of £100,000 – down from £11.3million the previous season – after income fell to £70m. Operating expenses were also down by seven per cent to £80.5m while the club made a £3.5m profit on transfers thanks to Kieran Tierney’s move to Arsenal. However, chairman Ian Bankier admitted they were “still grappling with the challenges the pandemic presents including the near-term uncertainty”. He said: “The governmental restrictions imposed to protect public health continue to have a negative financial impact on the football industry.

Source: Express October 26, 2020 19:41 UTC