By Dr Dan Plumley

27th Jun, 2022 | 5:08pm

Finance guru: £61m-plus Celtic announcement imminent

Celtic will almost certainly better their 2020-21 revenue of £60.8m when they release their results for 2021-22.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Hoops’ current financial outlook.

As relayed by the Morning Star on Wednesday (22 June), Celtic have announced that they have performed “significantly” above market expectations as Covid restrictions were lifted.

Ange Posteocglou’s side won the Scottish Premiership title in 2021-22 as fans were readmitted to Parkhead after an almost two-year Covid-enforced shutout.

Celtic posted an £11.5m loss on revenues of £60.8m in 2020-21.

And Plumley expects both figures to rise when the Glasgow giants announce their 2021-22 financial results around September time.

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“You’re expecting this to be reflected in higher turnover and higher profit,” the Sheffield Hallam Universit expert told Football Insider’s Adam Williams.

“The aim going forward is to make a profit and reinvest it, generally speaking. There are other KPIs that I would always look for alongside profit and revenue, however.

“You also want to look a the levels of borrowings and debt and who they are associated with. You also want to look at equity and cash position. That is important for immediate short-term funding.

“But yes, the headline figures we’re looking for are increase revenue and profits.”

Celtic’s coffers will be boosted by Champions League group stage football in 2022-23.

They begin their domestic campaign against Aberdeen on 31 July.

In other news, Rangers backed to beat Celtic to title after journalist’s Antonio Colak update.