Photo via BBC Sport

Celtic report £4.8m loss as revenue drops by 22.7%

Scottish club Celtic disclosed a deficit of £4.8m following a previous £33.9m surplus, driven largely by missing out on the Champions League. Total revenue fell by 22.7% to £111m while cash reserves declined from £77.3m to £66.4m.

Interim chairman Brian Wilson pointed to a turbulent year featuring three managers, including Brendan Rodgers and Wilfried Nancy, alongside the retirement of Peter Lawwell. Wilson highlighted significant summer spending on new acquisitions and loans, while Martin O'Neill ultimately led the squad to a domestic league and cup double.