CELTIC have detailed finishing second in last season's Scottish Premiership as one of the year's 'operational highlights' in the club's annual report. 

And Hoops fans are not happy. 

Supporters of the Parkhead outfit were highly anticipating the chance to witness their club complete an unprecedented ten titles in-a-row in the 20/21 campaign.

However, their dream soon turned into somewhat of a nightmare as the team fell well behind their arch rivals Rangers - who went on to win the Premiership by a whopping 25 points. 

Adding to their woes, Celtic flopped out of Europe and the League Cup before Christmas, before the Gers knocked out the club out of last season's Scottish Cup - with the Hoops of course completing the Quadruple Treble in the delayed 19/20 Scottish Cup final against Hearts.

Now, official documents released by the club as part of the annual reports have called finishing behind Rangers one of last term's highlights.

The phrase 'Runners-up in the SPFL Premiership' was grouped under the same heading as winning the delayed 19/20 Scottish Cup final to complete the quadruple treble, qualifying for the Europa League group stages and getting 28 home league games played in the club's 'operational highlights'.

Glasgow Times: The Hoops officially lost the league title after a draw away to Dundee UtdThe Hoops officially lost the league title after a draw away to Dundee Utd

But this summary has not gone down well with some Celtic fans who have read the report - with those commenting of the opinion that finishing behind their city rivals could never be described as a highlight.

One wrote on Twitter: "The Celtic Board actually put this in the report and very first line.

"'Operational Highlights' "Runners up in the SPFL Premiership'."

Another wrote: "Oh dear. This is not an achievement in any season let alone with what last year meant to all of us."

Another said: "'Runners up' in the most important league season of our lives is NOT an 'Operational Highlight!'."

A fourth added: "Is this some kind of joke? Surely someone must've thought twice about this line?"

Another said: "I think Operational Summary might have been a better choice of words."

And a sixth commented: "While we all want to put last year in the past and move on, this is poor from the club. Let's hope for better 'highlights' this season."

Within the report, the club also confirmed a pre-tax loss of £11.5million for the financial year ending in June 2021. 

Like the rest of Scottish football, the Premiership runners-up had to play their fixtures last season in empty stadia as the country grappled with the coronavirus pandemic.

And the effects of Covid on the club's business operations have been laid bare after the Glasgow club posted their latest set of financial results.

In the statement, Celtic revealed that pre-tax losses totalled £11.5m - a significant decrease on the previous year, where the Hoops made a £0.1m profit.

The figures show that the Parkhead club raised £9.4m in player sales - a drop from the £24.2m spent in the previous financial year - while fees spent acquiring players also dropped from £20.7m in 2020 to £13.5m this year.

Additionally, group revenue decreased by 13.4 per cent from £70.2m to £60.8m, while the club has year-end cash net of bank borrowings of £16.6m.

"The persisting trading restrictions from Covid-19 translated into lost earnings and, taking account of the seasonality in our trading, this was the key factor in the widening of our losses in the second half of the financial year," read a statement from chairman Ian Bankier.

"Conditions have improved markedly since the year end and we were delighted to welcome our fans back in July 2021.

"Our strategy of balancing player development and player trading is fundamental to our self-sustaining business model.

"In particular, the disposal of the registrations of Odsonne Edouard and Kristopher Ajer demonstrates our core strength of being able to transform young talented players into seasoned professional footballers.

"In turn, we invest the proceeds of these transactions back into the first team squad to enable us to continue to develop our squad and to challenge for future honours."