Kieran Tierney covid-19 vaccine Government Kieran Tierney

Celtic announce £6million half year loss as Covid impact sees revenues crash

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Premiership champions are no different.After posting a small profit for the 2019-20 financial year thanks to the sale of Kieran Tierney to Arsenal, the Parkhead club have announced their results for the first half of 2020-21.Celtic have made a pre-tax loss of £5.9m in the first six months of the year, compared to a £24.4million profit for the same period to December 2019.With no fans allowed in the stadium revenues have crashed by 23.7 per cent, dropping from £53.3m to £40.7m.Income from merchandising has risen by almost £4million but stadium income has gone from £26.87m to £12.57m.Cash in the bank has fallen from £32.9m to £19.7m.Directors point to the potential impact of vaccines, the ability to sell players and "strong liquidity" to.

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