MX23RW : Wednesday, June 16 13:50:45| >> :60:132:132:

Celtic record £4m loss one year after posting £11m profit

Celtic post a £4m loss in 2014-15 season due to a drop in transfer revenue and a lack of European competition.

Celtic have made a loss of £4m in the year ending June 30 after posting a profit of £11m in 2013-14.

The loss has been attributed to a drop in transfer revenue and failure in European competition last season, and the figures do not take into account Virgil van Dijk's £13m move to Southampton.

"Our decision not to transfer certain players' registration during the period, together with failure to progress in the UEFA Champions League, have had a significant impact on revenues and profits," chief executive Peter Lawwell told BBC Sport.

"Our core strategy remains focused on a football operation with a self-sustaining financial model and relies upon the youth academy, player development, player recruitment, management of the player pool, and sports science and performance analysis, to deliver long-term sustainable football success."

Celtic will compete in the Europa League this season, after losing to Malmo in the Champions League qualifying round.

ID:245528: cacheID:245528:1false2false3false:QQ:: from db desktop :LenBod:restore:1648:
Restore Data
Share this article now:
Did you know...?
Manager Ronny Deila of Celtic Glasgow reacts on the touchline during the Pre Season Friendly between SK Rapid Wien and Celtic Glasgow at Gerhard-Hanappi-Stadium on July 6, 2014
Read Next:
Deila: 'Celtic don't need to sell star players'
>

rhs 2.0
Euro 2020 fixtures
Wednesday, June 16, 2021
 
5pm
Thursday, June 17, 2021
 
5pm
Friday, June 18, 2021
 
2pm
Saturday, June 19, 2021
 
2pm
Todays Game Header Right
Tables
TeamPWDLFAGDPTS
1Aberdeen00000000
2Celtic00000000
3Dundee00000000
4Dundee UnitedDundee Utd00000000
5Hearts00000000
6Hibernian00000000
7Livingston00000000
8Motherwell00000000
9RangersRangers00000000
10Ross County00000000
11St Johnstone00000000
12St Mirren00000000

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!