Celtic announce £67m in the bank as board claim they share fans' frustrations
Last updated 23rd Feb 2024
Celtic have revealed they have £67million in the bank in their interim PLC report for the six months ending in December 2023.
The Parkhead side also made a pre-tax profit of £32million with revenue rising from £76.5million last year to £85.2million.
Fans have criticised the club for not spending enough on transfer fees with cash reserves continuing to rise.
Chairman Peter Lawwell insists the board share those views and are also frustrated.
He also revealed a lot of money has been committed to their project at Barrowfield training ground with redevelopments being made.
He said: "The board recognises the inherent inefficiencies of holding excess cash, and, in conjunction with other cash commitments, the importance of investing in strengthening the team to deliver football success.
"The board shares the frustrations of the supporters regarding the less than anticipated activity in the recent transfer window."
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