One of the demands that Celtic fans have made in recent weeks is to hear directly from the club. After the grand failure that was the summer transfer window, they wanted an explanation of how things turned out the way they did. A letter was sent and the Hoops did put out an official statement, although it failed to satisfy the majority of the support, with many feeling that it said nothing of note and did not answer any of the questions that had been put forward.
Well, Celtic have now released their financial report for the year ended 30 June 2025 and the results are staggering, even by the Hoops' standards. They have broken records left, right and centre.
The revenue has increased to £143.6m from £124.6m last year. And the profit after tax is £33.9m compared to £13.4m last year. The year-end cash stands at £77.3m.
Of course, that makes their lack of transfer activity and ambition shown in the summer even more inexplicable. But Peter Lawwell seems to be trying. He said on the club's official website:
"The Board shares the ambition of our supporters to see the strongest possible team on the pitch and will continue to balance short-term performance with long-term financial stability, and we must factor in the long-term implications of all decisions made today. This strategy is vital to Celtic and has been pivotal to our success over the last 20 years."
Peter Lawwell finally makes public statement on Celtic transfers
Well, those words needed to be backed up with actions. Unfortunately, anybody who followed Celtic's summer transfer window business will question the ambition of the club. They did not even meet minimum expectations. Allowing the first-choice striker to leave on deadline without bringing in a replacement, that actually happened.
Lawwell did admit in his statement that the timing of the acquisitions was something that was off the mark and needs to be worked upon:
"We recognise and share the frustration and disappointment of our supporters with respect to the timing of some of the incoming acquisitions. We will always look to improve how we operate and overcome challenges where possible."
That is a start but then again, it remains to be seen if any actual changes come from it or not. The dissatisfaction that the fans have shown over the last few weeks has been unprecedented in many ways and clearly the board would have taken notice. Now, it is up to them to show the supporters that they are serious about taking the club forward instead of running in circles.