Celtic announce debt increase

Celtic have revealed their debts have risen to close to the £20m (€29.5m) mark following a drop in turnover and a poor season in Europe last term.

The amount owed at Celtic Park has risen by £3.7m (€5.5m) to £19.5m (€28.8m) after turnover dropped by 9.9%, leaving the club with a loss of £7.73m (€11.4m) for the year ending June 30.