"The board shares the ambition of our supporters to see the strongest possible team on the pitch. We will continue to balance short-term performance with long-term financial stability, and we must factor in the long-term implications of decisions made today. This strategy is vital to Celtic and has been pivotal to our success over 20 years."
"gains were largely reinvested into the squad, aligned to the club's commitment to sustained on-field success"
"recognise and share the frustration and disappointment"
Celtic finished the year to June 30 with £77.3m in cash and a £33.9m after-tax profit, up from £13.4m the prior year. Revenue rose 15.2% to £143.6m, largely due to a prolonged Champions League run. The first-team wage bill reached the highest level in club history. Net transfer spend was just over £7m after recouping £31.5m from £38.6m invested; total player and agent fees over three years reached £77.5m. The club invested £42.6m in players this year and acknowledges supporter frustration over summer recruitment while emphasizing a balance between performance and financial stability.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]