Date: 28th September 2019 at 8:00am
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Celtic have a stunning cash jackpot of nearly £40million and the guarantee of a further £25million ahead of the January transfer window.

The club’s newly-released annual results demonstrate their very healthy position up to the end of last season despite failing to qualify for the Champions League group stage for the first time in three years.

Celtic’s annual revenue fell by 17.9% to £83.4m for the year ending 30 June 2019, but they secured a pre-tax profit of £11.3m, down from £17.3m the previous year.

Remarkably, the Scottish champions have £38.9m in the bank, and the results do not include transfer business conducted from 1 July.

This means Kieran Tierney’s early-August £25m move to Arsenal is omitted, cash that’s on its way to Parkhead ahead of the winter window.

Celtic signed eight players for the first team and academy after the period, and also brought in three players from the English Premier League and Championship on loan.

But there has been widespread criticism of the club’s cautious recruitment model from supporters frustrated at the lack of spend after the mega-money sales of Tierney and Moussa Dembele in the last year.

Celtic completed a third straight domestic treble last season – including an eighth league title in a row – after Neil Lennon returned as manager in February following Brendan Rodgers’ departure to Leicester City.

They have begun the new campaign in excellent form despite failing to qualify for the Champions League group stage for the second consecutive season.

In other Celtic news, Football Insider how a training ground fall-out is at the heart of dispute between Neil Lennon and Hoops big name.