Under-fire Celtic chiefs insist they understand fan rage after announcing record revenue returns and almost £80m in the bank. ‌

Hoops chairman Peter Lawwell and chief exec Michael Nicholson made lengthy statements as part of the Parkhead club’s annual financial figures released on Friday night . ‌

Celt revealed historic turnover totals up £20m to £142m – and also highest ever transfer spend with £42m stumped up over the last 12 months. ‌

The Scottish champs made post tax profit of £33m with £77.3m in the coffers, up from £77.2m last year.

Lawwell and Nicholson have been in the firing line with fans over dithering over transfers over the summer – with supporters groups uniting to issue a vote of no confidence in the board amid a late walk in protest at Rugby Park last week

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