How much Celtic secured in transfer fees and how much was actually spent

By David Walton

September 1, 2021

So finally, the transfer window is over and Celtic have managed to rake in a superb figure when it comes to transfer fees.

Some big stars departed with the likes of Odsonne Edouard and Kristoffer Ajer leaving for big money. However, there was a sizable number of exits that saw the Hoops rake in a host of smaller fees that have added up nicely.

Meanwhile, in came 12 first-team players to help revolutionise the squad under Ange Postecoglou. But let’s take a look at how much was actually spent compared to the figure bagged in transfer sales.

Let’s start with the biggies. Edouard departed for £14m [Sky Sports]. Sure, it could rise to £18.5m, but for now it’s £14m. That follows on from the £13.5m secured from the sale of Kristoffer Ajer to Brentford [Daily Mail].

Those make up our major outgoings. Combined, we bagged £27.5m for Edouard and Ajer. Not bad going when you consider both were out of contract next summer.

But what about the others? Ryan Christie left on deadline day for Bournemouth in a £2.5m deal [Sky Sports]. We secured £1.5m for Jack Hendry [Scottish Sun]. Vakoun Bayo left for Gent to the tune of £1.4m [Scottish Sun]. Marian Shved’s fee, meanwhile, was left undisclosed, but there was clearly another small boost there.

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In total, that adds up to just over £33m received in transfer fees. Bearing in mind we haven’t included the sale of Patryk Klimala back in April for £3.5m [Scottish Sun].

And what about the Celtic fees splashed out on transfers?

So now let’s take a look at the signings Celtic brought to the club. How much of that £33m+ was actually spent?

Well, first off, Filipe Jota and Cameron Carter-Vickers have both been brought in on loan. So outside of wage fees, much of which has been freed up due to the departures, we’ve spent nothing there. James McCarthy, meanwhile, arrived on a free.

Elsewhere it’s a different story. Kyogo Furuhashi is our most expensive summer signing at £4.6m [Glasgow Times]. There were other big-money acquisitions in Carl Starfelt at £4.5m [Daily Record], and Liel Abada for £3.5m [Scottish Sun].

Joe Hart arrived from Spurs for £1m [Daily Mail]. Along came Josip Juranovic to compete for the right-back spot in a £2.5m deal [Sky Sports], with Liam Scales arriving in a £510k move not long after [Irish Mirror].

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Giorgos Giakoumakis was our only deadline day signing that we splashed out cash to bag. He cost Celtic £2.5m to land from VVV-Venlo [Scottish Sun].

Not forgetting the £200k it cost to acquire Osaze Urhoghide from Sheffield Wednesday [The Scotsman]. Liam Shaw and Bosun Lawal were both signed to play in the B team, but Celtic still spent minimal sums on both. Shaw’s signing from Wednesday led to the Hoops paying out £300 [Daily Record], whilst Lawal cost £120k to land from Watford [The Herald].

Add all that up, and it turns out Celtic have spent a grand total of £19.3m this summer with regards to transfer fees.

Take that away from our £33m total secured from sales and you have around £13.7m sitting in the Parkhead coffers after the window when it comes to net spend. Not that it’s the only source of income for the club, but it’s a healthy margin to have banked when you look at how the squad is shaped now.

Celtic fans know there’s still some tweaking to do in January to the midfield position. Potentially the left-back area too. Knowing there’s some cash there from net spend alone is a positive.

We won’t know the full nature of the success of this window until much further down the line when players have had the chance to prove themselves. But from a financial point of view, the club will likely be delighted with how the first phase of the rebuild has turned out.

In other news, When new Celtic trio could make their Parkhead debuts