Brendan Rodgers' departure to Leicester is expected Celtic to exceed their yearly financial targets.

It is believed that the Premier League side had to pay £9m in order to release Rodgers from his Celtic contract while also securing the services of his backroom team.

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Rodgers was joined at Leicester by Chris Davies, Glen Driscoll and Kolo Toure. Celtic's most recent financial figures revealed a net figure of £38.6m in the bank despite missing out on the lucrative Champions League group stages.

And their announcement this morning to the London Stock Exchange predicts a healthy finish to the year.

Their statement said: "Celtic PLC is pleased to provide the following trading update in respect of the period to 30 June 2019.

"The club has continued to enjoy favourable trading performance, including receiving a material compensation payment in respect of the departure of Brendan Rodgers to Leicester City FC.

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"Because of this, Celtic now expects to exceed market expectations for the current financial year.

"The club's financial performance continues to remain subject to the outcome of a number of key events and fixtures, which typically are not known until the end of the football season."