A recent study into football wages and club income has painted a positive image for Celtic.

(Photo by Ian MacNicol/Getty Images)

The study was carried out by Kieran Maguire, senior teacher in accounting and finance at the University of Liverpool. His findings showed a list of 74 British clubs and their percentage of income paid out as wages.

UEFA recommend that clubs pay out a maximum of £70 in wages for every £100 brought in.

How did Celtic fare?

The Hoops have nothing to fear it seems. We were listed on the final of four pages paying out 58.4% of our income as wages.

This highlights the good work being done behind the scenes at the club but is perhaps slightly surprising given the large playing squad that Celtic currently have. It is well known that the club need to streamline a bloated squad this summer and free up some wages to bring new talent in.

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Maguire’s findings perhaps tell us that the situation is not as bleak as first feared. Celtic are still generating more than enough money to justify some of the lofty wages being dished out. It looks like we have more room for manoeuvre in the market than first thought.

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