A football finance expert has highlighted the Champions League failure of Celtic with a remarkable stat.

Kieran Maguire – who runs the website priceoffootball.com – took to Twitter after Celtic’s staggering defeat to CFR Cluj to show fans just how bad the failure was.

 

Maguire took a screengrab of Celtic’s most recent accounts, showing an annual wage bill of £59million. He then compared that to another table showing the entire wage bill of the Romanian top-flight – which totalled around £47million.

To put that in context, Celtic are paying roughly £12million more to their players a year than all 14 teams in the league Cluj hail from. Very damning indeed.

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(Photo by Ian MacNicol/Getty Images)

Celtic have the finance, so why aren’t they spending it on the football?

You would have thought the Celtic board would have learned their lesson by now. Time after time they try to squeeze through the Champions League qualifiers with pretty much the squad they had before – hoping to spend some of the group stage millions.

That may have been possible in the past but the current route is so challenging that we can now no longer get away with it. We’ve fallen at the penultimate round of qualifying for two successive seasons now. That tells you that Celtic are a long way away from the promised land. The board should have realised that.

(Photo by Ian MacNicol/Getty Images)

On the flipside they may argue that they have spend around £10million on two defenders who didn’t play on Tuesday. Both Boli Bolingoli-Mbombo and Christopher Jullien were on the bench when it really mattered against Cluj. While it is early in the careers of both it still doesn’t paint a pretty picture.

It will take a lot for some fans to get over the Cluj debacle. Many may only return out of blind loyalty or season ticket commitments. It was an extremely damaging night for everyone at the club and it may take a long while to get it out of our system.

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