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Champions League progress benefits Celtic finances

Celtic have announced a pre-tax profit of £15million having qualified for the knockout stages of the UEFA Champions League, reports SkySports. The club's interim report confirmed the bank debt as £7m 12 months ago but this year's success in Europe has slashed that figure to just £130,000.

Celtic's turnover increased just over £50m (a rise of 71%) in the final six months of the year - with operating expenses up by 30% to almost £37m.

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Dave Williams

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