Celtic's interim financial results show that the Parkhead side have £31m in the bank.

The club's figures for the last six months of 2017 show that they have increased their revenue by 17%, although there has been a fall in Celtic's post-tax profits.

Brendan Rodgers' side secured UEFA Champions League participation this season and have qualified for the last 32 of the Europa League, while also dominating the domestic landscape.

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Celtic signed five players in the January transfer window with chairman Ian Bankier insisting that the Parkhead board will continue to back Rodgers on the pitch.

Revenue increased by 16.8 per cent to £71.5m compared with £61.2m for the same period in 2016.

Profit before taxation rose from £18.6m to £19.5m but profit after taxation fell from £18.6m to £17.4m. Celtic also announced their net cash at the bank to be £30.9m, up significantly from £18.6m in 2016.

Clearly, qualification for the group stage of the Champions League in consecutive seasons has had a massive injection to the club's financial health.

Chairman Bankier said in his statement: “We are delighted with the sustained period of success on the pitch, as Brendan Rodgers, his backroom team and the players have built on their achievements of last season.

"They are to be congratulated on qualification for the group stages of the Uefa Champions League for a second successive season, for retaining the League Cup and for the record breaking 69 game domestic unbeaten run.

"During the period we secured the permanent registrations of Olivier Ntcham and Kundai Benyu, and the temporary registration of Patrick Roberts.

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“Our profit on disposal of intangible assets of £0.5m (2016: £2.0m) largely reflects the transfer of the registrations of Gary Mackay Steven and Saidy Janko.

“Subsequently, during the January 2018 transfer window, we have invested further by acquiring the permanent registrations of experienced German Bundesliga defender Marvin Compper, exciting young Scottish talents Lewis Morgan and Jack Hendry and the temporary registrations of sought after midfielder Charly Musonda and goalkeeper Scott Bain.

"The Board is committed to a course of investment in the playing squad so as to be as competitive as we can be within the structure of Scottish football and on the European stage."