Celtic declare losses despite windfall

CELTIC yesterday announced annual losses of over £4million despite a £10million windfall as a result of their run to the UEFA Cup final.

Celtic lost £4.474million in the 12 months to May this year, a rise over £2million on the previous year’s figures.

Prior to interest and tax, Celtic lost £4.585million last season compared to the £2.077million deficit reported for the previous 12 months.