Desmond-owned Celtic Football Club reports record profits of almost £41m

The Scottish football club saw a significant increase in television rights and ticket revenues after returning to Champions League football last season

Dermot Desmont, the majority owner of Celtic Football Club

Revenues at Celtic, the football club owned by Dermot Desmond, rose by 36 per cent from £88.2 million (€102.1 million) to £119.9 million (€138.9 million).

The boost in revenue was partly due to the club’s return to the Champions League last season, generating more money in ticket sales and television rights income.

Revenue from the club’s football and stadium operations jumped from £42.7 million to £51.4 million, its merchandising rose from £24.9 million to £29 ...