Ryan Christie Kris Ajer Ian Bankier Ange Postecoglou Scotland pandemic record cover and Ryan Christie Kris Ajer Ian Bankier Ange Postecoglou Scotland

Celtic announce £11.5m annual loss as club count the cost of pandemic and reduced transfer sales

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dailyrecord.co.uk

Celtic secured the Scottish Cup that landed a historic quadruple Treble but finished 25 points behind Rangers and flopped in last season's Europa League.

Money from transfers was down on previous years but that will rise next year with the sales of Kris Ajer, Ryan Christie and Odsonne Edouard not included in the financial results up until June 30, 2021.

New manager Ange Postecoglou signed 12 new players and chairman Ian Bankier is convinced the club remains in a good place. Statement in full"These results for the year ended 30 June 2021 show that revenue fell to £60.8m (2020: £70.2m) and we recorded a loss before tax of £11.5m (2020: £0.1m profit before tax).

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