Celtic see boosted profits
Chairman Ian Bankier has credited Celtic's boosted pre-tax profits of £6.9million to the team's strong showing in the Champions League.
Scottish champions Celtic have released their annual accounts, revealing improved revenue sums of £90.6m and pre-tax profits of £6.9million.
The figures improve upon the previous year's equivalent, at just £500,000.
Chairman Ian Bankier told shareholders in an annual statement: "These results reflect the paramount importance to the company of participation in the group stages of the Champions League.
"The foundations for that success are based on consistency, stability and the implementation of a prudent long-term strategy that dictates that the company invests in its football operations, whilst maintaining a self-sustaining financial model.
"The board considers that this strategy remains appropriate for Celtic plc and will continue to seek out and retain top talent on and off the field of play so as to deliver football success and, in turn, shareholder value.
"The board has been able to manage short-term challenges, and maintain the course it has set and reported on over the past several years, because there is consistency in the ownership, board and executive management of the company.
"These ingredients provide the stability that is so crucial for the successful operation of a football club at our level."