Ian Bankier, the Celtic chairman, has warned that they will not be rushed into making “hasty decisions” as their review of the club’s football department continues.Amid growing pressure to sack Neil
Scotland’s Celtic Football Club, which is controlled by Irish billionaire financier Dermot Desmond, posted a near £5.9m (€6.7m) loss in the first half of its financial year, compared to a £24.2m profit in the corresponding period a year earlier.
Scotland’s Celtic Football Club, which is controlled by Irish billionaire financier Dermot Desmond, posted a near £5.9m (€6.7m) loss in the first half of its financial year, compared to a £24.2m profit in the corresponding period a year earlier.
The stock market-listed company said revenue declined 24pc to almost £40.7m (€46.6m) in the six months to the end of December.
The club, in which Mr Desmond has been a shareholder for more than 20 years, is currently second in the Scottish Premiership behind arch-rivals Rangers. Celtic have 61 points compared to Rangers’ 79.
Celtic told shareholders that 2020 saw it conclude the most successful decade in the history of the club, having won 20 trophies.
3.30pm: Jaguar Land Rover’s electric dreams
Jaguar cars will be all-electric by 2025 and the entire Jaguar Land Rover range by 2030, the brands’ owner has said.
In a boost to UK vehicle manufacturing it said it would keep all three of its three British plants open as part of the strategy.
However, it has dropped plans to build an electric version of its XJ luxury saloon model, which was to have been built at its Castle Bromwich plant.
The company plans to spend about £2.5bn a year on new technology for its cars, including investment in hydrogen fuel technology.
It hopes the change will see it reverse last year’s record £3.6bn loss which forced it to lay off 4,500 staff worldwide.
Celtic say Covid-19 a key factor as loss and decrease in revenue are revealed eveningtelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningtelegraph.co.uk Daily Mail and Mail on Sunday newspapers.