• STV
  • MySTV

Celtic profits down by £6m after Champions League loss

Celtic released their annual PLC results for 2018/19 showing a profit of £11.3m.

Celtic: Profits drop by £6m.
Celtic: Profits drop by £6m. SNS Group

Celtic's profits dropped by £6m last season partly as a result of failing to reach the UEFA Champions League.

The Parkhead club released their annual PLC results for the 2018/19 season on Friday.

Figures show the Scottish Champions made a pre-tax profit of £11.3m, down from the £17.3m made in the previous year.

This was mostly down to their defeat to Greek side AEK Athens in the Champions League qualifiers.

The club also played two less home games in 2018/19 than they did in the previous year.

There was a continuation in ongoing stadium developments and the total revenue decreased by 17.9% from £101.6m in 2018 to £83.4m.

Despite failing to qualify for the Champions League Celtic made it into the last-32 of the Europa League for the second year running.

They also earned money from the sale of star-striker Moussa Dembele to Lyon and manager Brendan Rodgers to Leicester.

The £25m received from Arsenal for Kieran Tierney this summer is not included in the results that cover June 30, 2018 to June 30, 2019. In total they made a gain of £17.7m from player sales.

They ended the year with £38.9m in the bank, an increase on last seasons £27m.

Chairman Ian Bankier: "These results reflect a satisfactory performance in a financial year in which the Club did not qualify for the Group Stages of the Champions League, as it had done in the prior year.

"On behalf of the Board I congratulate Neil Lennon, his management team, the players and all staff at the Club on achieving the "Treble Treble".

"At short notice, Neil took charge of the squad, delivered an eighth consecutive League Championship and triumphed in the Scottish Cup, making it the Club's ninth successive domestic trophy."

Download: The STV News app is Scotland's favourite and is available for iPhone from the App store and for Android from Google Play. Download it today and continue to enjoy STV News wherever you are.

One account. All of STV.

This field is required. That doesn't look like a valid e-mail format, please check. That e-mail's already in our system. Please try again.
ShowHide
Forgot password?
This field is required. This must be at least 6 characters long. Did you enter your details correctly?
If you've forgotten your details then use the 'Forgot password?' link.
Need to reset your password?

We'll send a link to reset your password to

We've sent you details on how to reset your password

Please check your email and follow the instructions.

Forgotten your email address?

Have you forgotten the email address that you previously joined with? Don't worry, by emailing enquiries@stv.tv we can help.

One account. All of STV.

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This must be at least 6 characters long.
ShowHide
This field is required. This must be at least 6 characters long.
You must be over 16 to join STV.
This field is required. This doesn't appear to be a valid date
We need this to check that you live in an STV region.
This field is required. This doesn't appear to be a valid postcode
Would you like us to email you about our great shows and services from time to time?
We'll only send emails we think you'll like (see example) based on information you have supplied and shows you have watched on STV Player. For details on emails and advertising, see our STV & You page.
Would you like to receive emails from the Scottish Children's Lottery about draws, instant games and competitions?
We support the Scottish Children's Lottery (SCL), which is managed by our colleagues at STV ELM Ltd. You can find out more about the SCL on its website, including its Privacy Policy.

By continuing you agree to our Terms of Use, and understand our Privacy and Cookie Policies.

Upload Profile Picture

Please make sure your image is under 2mb in size and a valid JPG, PNG or GIF.

Are you sure?

Unfortunately, you'll be unable to access our premium content. We’ll be sorry to see you go, but if you change your mind you can rejoin us at any time.

Please verify your STV account

Please verify your STV account using the email we sent you. If you have lost the email, we can send you another one, just click the button below.

Thanks

We've sent you a new verification email.
Please check your email and follow the instructions to verify your account.

Welcome to STV
Thanks for joining us.

Oops!

Sorry, you must be at least 12 years old to place a vote for your Real Hero.

Please review our Voting Terms of Use for more information.

Oops!

Sorry! It seems that you are using a browser that is incompatible with our voting service.

To register your vote please copy the below URL in to your regular mobile browser. We recommend Google Chrome, or Safari.

http://shows.stv.tv/real-heroes/voting

Oops!

Sorry, you seem to have already voted in this category.

Thanks for voting

Now share your vote with friends on your social network

Share on twitter Share on facebook

Cast your vote

Please register or sign in to continue.

Cast your vote

This field is required. This doesn't appear to be a valid date

Cast your vote

Please fill out this form to cast your vote. As you are under 16 years old you will not create an STV account. Why do we need these details?

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This field is required. That doesn't look like a valid e-mail format, please check.
Location This field is required.
Parental Consent This field is required.

That's you. All that's left is to click the 'Submit Vote' button below. By doing so, you confirm that you and your parent or guardian have read and accept our Voting Terms of Use, Privacy Policy and Cookie policy, and that the details you have entered are correct. We'll look after them as carefully as if they were our own.