Kilmarnock have posted a five-figure profit as the Rugby Park club explain the cash gained from transfers involving Celtic and Manchester City.

The club have announced a £61,483 profit for the year ending May 31, 2020, which is half of the prior season’s amount. This has been aided by the transfers of Greg Taylor to Celtic and Liam Smith to Manchester City, on top of investment from club directors.

Celtic v Hibernian - Ladbrokes Scottish Premiership

Taylor’s move to Celtic and Smith’s to Manchester City handed the Rugby Park club much-needed funds. (Photo by Ian MacNicol/Getty Images)

A statement from Kilmarnock reads: “The transfer fees received for the sales of Greg Taylor to Celtic and academy prospect Liam Smith to Manchester City were reinvested into the club infrastructure and these funds were very important given the impact of the shortened season from March onwards.

“Directors Billy Bowie and Phyllis McLeish committed further funds to the club in times of great need, in excess of £400,000.Money from fans purchasing season tickets as well as regular monthly contributions from Trust in Killie has helped to offset some of the financial impact of the pandemic.

“Kilmarnock FC has been proudly rooted in our community for over 150 years and we are hugely grateful to the outstanding support we have received from everyone to ensure that we emerge from this worldwide crisis with our foundations secure and our resolve strengthened.”

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