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Strong half year for Parkhead club

Champions League helps Celtic revenue double

Celtic’s progress to the Champions League group stage helped to almost double its revenue for the half year and led to a surge in profits.

Income soared 94.7% to £61.2m for the six months ending 31 December, while pre-tax profit rose from £11.7m to £18.6m.

Chairman Ian Bankier said: “The board is optimistic about our immediate future and firmly supports the self-sustaining model that serves us well.”

The club finished bottom of Group C after securing three draws, but the run of games brought in more revenue in television rights, prize money, tickets sales and hospitality.

Celtic also earned £2m from Stefan Johansen’s move to Fulham. Head coach Brendan Rodgers’ player acquisitions cost £9.5m with Moussa Dembele, Scott Sinclair, Cristian Gamboa and Dorus de Vries joining the club in the period.

Mr Bankier cautioned that the remaining six months of the year will not be as lucrative.

“Looking forward, and entirely in line with our trading seasonality, we do not expect the same level of financial performance in the second half of 2017,” he said.

“In this period, we will play fewer home fixtures and no European games.”

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