Celtic’s directors have seen their pay packets climb sharply at the same time as the club’s revenue has dropped, a financial picture that lays bare the cost of their recent European struggles.
The Glasgow club have been counting the cost after failing to reach the Champions League league phase in each of the last two seasons. Qualification for the league phase is a major source of income for clubs at this level, so missing out on it twice in a row has left a clear mark on the accounts.
A growing gap
The contrast between the club’s falling income and the rising rewards for its directors is likely to draw scrutiny from supporters, who have long expected the club’s finances to be closely tied to results on the pitch and in Europe.
Source: www.dailyrecord.co.uk
