This season, Celtic is “underperforming” despite having a £10 million advantage over their bitter rivals Rangers in terms of squad cost overall.
According to financial expert Kieran Maguire, who spoke with Football Insider exclusively, Celtic spend more on payroll than its Glasgow rivals.
Rangers now lead the league by two points, meaning Brendan Rodgers’ team has fallen behind its competitors.
Celtic supporters are upset with club chairman Peter Lawwell on social media over remarks he made during the most recent annual general meeting regarding a lack of transfer activity. Some have even dubbed Lawwell a “blatant liar.”
With £67 million in the bank, Celtic reported a profit of £40 million in their 2022–2023 accounts. However, Lawwell stated that transfer targets were not available during the January transfer window.
Maguire maintained that Celtic has a significant advantage over other Scottish teams, thus their current problems are not financial in nature.
Celtic’s £10 million advantage over Rangers is discovered to be “underperforming.”
Maguire told Sean Fisher of Football Insider, “There is an argument for Celtic to invest more if they are behind Rangers in the table.”
“They have always been extremely frugal with their operations; in the 2022–2023 season, they accounted for more than half of all squad costs in the Scottish Premiership.”
“So, in my opinion, things aren’t inherently wrong financially if they can’t win the league while having that financial advantage and making more money than their competitors.
“For that to be the case, either Celtic is playing poorly or Rangers is performing exceptionally well.
Celtic should have an advantage over the Rangers because they are financially stronger than them and their pay cost is 20 percent more than Rangers’.
They also spent £10 million more on their team than Rangers, which is a significant sum of money in the Scottish market.
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