Celtic Football Club has reported an after-tax loss of £4.8 million for the financial year ending June 30, marking a significant downturn from the previous period.
The club’s latest financial announcement reveals that this loss follows a year in which the organization recorded a profit of £33.9 million, highlighting a sharp reversal in its financial performance over the last 12 months.
According to the reported figures, the drop in profitability coincides with a 22.7% decrease in revenue for the club during the specified accounting period.
The financial results indicate that Celtic’s income streams contracted substantially, resulting in the net loss despite the club's previous strong financial standing.
This report provides a snapshot of the club's economic position, showing how the reduction in revenue directly impacted the bottom line compared to the profitable year that preceded it.
<small>Source: BBC Sport — read the original story there.</small>
