Neil Lennon's success in the Champions League has boosted Celtic's finances.
Celtic’s Champions League success helped virtually wipe out their bank debt as they made a pre-tax profit of almost £15 million in the second half of last year.
Celtic’s net bank debt stood at just £130,000 on December 31, down from more than £7m 12 months previously, according to the club’s interim report.
The club’s turnover increased by 71% to just over £50m in the final six months of the year, with operating expenses up by 30% to almost £37m.
The period in question saw Celtic play 19 home games, three more than the previous year, and, crucially, in the Champions League group stages rather than the Europa League, which more than offset income lost by liquidation-hit Rangers’ absence from the Scottish Premier League.
