sport

Celtic finances looking good

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'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.