Celtic finances looking good

  • Last Updated: February 11 2013, 17:10 GMT

Celtic's Champions League success helped wipe out their debt as they made a pre-tax profit of £15million in the second half of last year.

Celtic: Bank balance buoyed

Celtic's net bank debt stood at just £130,000 on December 31 - down from more than £7million 12 months previously, according to the club's interim report.

Celtic's turnover increased by 71% to just over £50million in the final six months of the year, with operating expenses up by 30% to almost £37million.

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