Celtic announce huge £27.6m profit as Odsonne Edouard and Kristoffer Ajer transfer exits boost financial results

Celtic have posted a pre-tax profit of £27.6million in their latest financial results.

The Hoops have released six-month figures until the period ending December 31, 2021.

Profits have been boosted by the summer transfer of Odsonne Edouard to Crystal Palace and Kristoffer Ajer to Brentford in the summer window.

The full profit from player sales rose to £25.8m from just £1m in the same period in 2020, while £16.8m was spent on player registrations. This showed a rise from £12.7m last year.

The overall profit is up from a loss before of £5.9m on the same period last year, leaving Celtic with £25.6m in the bank despite missing out on the Champions League once again.

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The club competed in the Europa League group stage before dropping into the Europa Conference League.

A statement from Celtic chairman Ian Bankier said: The major factors driving the much improved financial performance for the period under review were: first, the return of fans to the stadium driving crucial match day income; second, our qualification for another season in the Europa League with the accompanying ticket sales that were absent last year; and third, the revenues received from successful player trading.

"Notably the