‘Much less’… Concerning claim that could impact Celtic’s transfer budget

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Claims that Celtic have £70m in the bank appear to have been rubbished today as the fans lament the lack of transfer activity by the club this month.

The club’s latest accounts shared just how cash-rich Celtic are and with Brendan Rodgers looking to add quality to the team, the fans would have been forgiven for thinking that there would have been some major signings made in this window.

However, it seems that these claims of £70m are now wide of the mark according to journalist, Hugh MacDonald.

He was speaking on the PLZ podcast when he said that the money available to Celtic could be as much as half that.

MacDonald said [PLZ Soccer], “As you know, I’ve said often, to go to the next level of signings is almost impossible for Celtic.

“Because the gulf between what could enormously improve the team to what they have at the moment is unbridgeable.

“And if you looked at it as a businessman, why would you want to do it? Why would you want to invest?

“People say there’s £70m in the bank. There’s not. There’s much less than that. Maybe half that.

“Because they’ve had to pay wages over the year, pay tax and contracts.”

Could this claim be part of the reason why Celtic are so reluctant to spend big in this transfer window. The amount of money spent in the summer was a significant outlay but surely even at half of the £70m, £35m is enough to get the quality that Brendan Rodgers desperately seeks?

I guess the proof will be in the pudding when the transfer window closes and the Celtic fans see what, if any, kind of business has been done.

In other news, ‘He told us’… Journalist shares bizarre conversation with Brendan Rodgers over Celtic’s transfers