Smoke And Mirrors When I first started saying on here that Celtic were weakening substantially season upon season, despite access to Champions League riches, even some of my friends thought I was losing it. The trend was there for all to see but the sparkle of the CL lucre blinded many to the underpinning financial realities. One of those realities is Celtic’s indebtedness to the Co-op Bank, something which was highlighted on this blog by PZJ and others. The brutal truth is that Celtic Football Club has for years been employing smoke and mirror techniques to hide the true financial condition of the club. This includes having a compliant media tell everyone how rich Celtic are. This has resulted in hoops fans crowing about the club having a huge cash pile but the glaring question that an increasing amount of them are now asking is: Where is it? It is clearly not in the playing squad. This squad has been plundered year upon year for its best talent and the undeniable fact is that the Celtic team of 2014 is distinctly inferior to the one of three years ago. So where have all the millions of CL riches gone? More importantly, why are Celtic not building a team that can really compete in Europe if they have all this money? And why will the Celtic team that faces Rangers on the Ibrox side’s return to the top tier be substantially weaker than the one which last faced them? Given, of course, the untrammeled financial superiority the Parkhead outfit has enjoyed for several seasons. Some Celtic supporters have held on to the pitiful notion that Celtic CEO Peter Lawwell is holding back investment in the side until Rangers return to the top division but surely this makes a mockery of previous claims that Rangers were irrelevant to Celtic? And surely the time to start building this team to face The Rangers is now, not next year? Let’s be honest. There will be an attempt to bolster the squad for next season but it will be with a mere fraction of the millions raked in from the years of seeming financial superiority. Superiority which also includes significant transfer fees, it has to be said. Again, begging the question: Where have all these millions gone? And I have no doubt that there will be one or two departures from the squad to compensate for the loss of CL revenue this year – further weakening the player pool. If rumours are true, Celtic received handsome compensation for hosting the opening ceremony of the Commonwealth Games. The club certainly got the area around the stadium tarted up on the back of it but again, let’s be honest: Is the plush new walkway leading up to the stadium fitting reward for years of superiority? Celtic fans have already answered by staying away in their thousands. More and more of these fans are asking why their club could not capitalise on having a clear path to CL millions and build a team that would have them dominate for decades. I can tell them. Both Rangers and Celtic need the CL money just to tread water. Sustaining the squads and stadiums they have done takes money and only the Champions league can provide that for them. Of course, there is only room at the CL trough for one club and this means that if you don’t win the Premiership and get into the group stages, then it is a dull yin in financial terms. There isn’t enough money in Scottish football and the Champions League is necessary. Rangers have had to downsize, not having access to the Champions League for a few years. But so also have Celtic, who have had the access. The true state of Scottish football is writ plain for all to see. Rangers and Celtic are big fish in an increasingly small pond. It doesn’t help that the two teams have not competed with each other, resulting in further loss of revenue for the game. Of course, Celtic fans may discount all this as the ramblings of a mad bluenose. But if they don’t believe me, they can and should be asking piercing questions of their CEO. Because if there really is money behind the smoke and mirror show, it’s time it was revealed. And if not, why not? Celtic fans might also want to know why one of their players is buying a Ferrari but the club can’t afford to buy any quality players
boycotts until we all get some ****ing answers fae PL 'n DD. How dare they allow a player to buy fast cars instead of telling them to buy the club a new left back!!1
http://sport.stv.tv/football/clubs/...-to-pay-creditors-if-4m-share-offering-fails/ Check out McCoist acting like a big wean