Celtic announce they have a staggering £67m in the bank and reveal £32m profits as revenue rockets to £82m.

The Hoops won the Triple Crown last season and are continuing to improve off the field.

Celtic have an eye-watering £67 million in the bank after posting a big profit of £32 million before tax in their interim PLC report for the six months ending December 2023.

The Scottish Premiership champions returned to the Champions League group stage. Although they did not advance to the knockout stages, their

financial advantages from this stage are included in their annual accounts. Revenue increased by about £9 million, from £76.5 million last year to £85.2 million.

Chairman Peter Lawwell emphasized the need of investing cash reserves in the first team.

However, he and other board members have faced criticism from supporters for perceived underspending throughout recent transfer windows. Lawwell acknowledged fans’ dissatisfaction, admitting that the club had expected to conduct more transfer activity than they did.

He stated, “The board recognises the inherent inefficiencies of holding excess cash and, in conjunction with other cash commitments, the importance of investing in team strength to deliver football success.”

The board shares the supporters’ disappointment with the lack of activity during the last transfer window.”