Celtic Reports Major Financial Losses Following Champions League Exit

Celtic Football Club announced significant financial losses for the 2026 fiscal year, reporting a deficit of £4.8 million, a stark contrast to the £33.9 million profit recorded in 2025. The club's cash reserves also saw a decline, dropping from £77.3 million to £66.4 million.

A primary driver of this downturn was a substantial decrease in revenue, falling from £143.6 million to £111 million. This decline is directly linked to the team's elimination from the Champions League playoffs by Kairat, a team featuring Israeli players Dan Glazer and Ofri Arad.

Further impacting the club's financial standing was the acquisition of new players costing £31.6 million, coupled with difficulties in player sales in recent years. The club's president acknowledged the challenging season, stating, "It was a difficult season, even though it ended with winning the championship. I congratulate Martin O'Neill and the staff for their good work. The profit decreased, partly due to the influence of the Europa League instead of the Champions League."

The club's statement further elaborated that cash reserves diminished due to investments in players and the absence of Champions League revenue. Despite these financial setbacks, Celtic currently leads the Scottish League by two points over Rangers, following a recent loss in the Old Firm derby.