Celtic fans are fuming with the board. Of that there is no doubt.
At Rugby Park this weekend, Celtic fans made their voices heard as the 12th-minute protest grabbed the attention of all the major media outlets.
The protest has caused much discussion amongst pundits like Celtic hero Chris Sutton and this has raised the profile of the action much to the embarrassment of the Parkhead board.
And now, it appears fan anger could intensify as journalist Michael Gannon shares ‘the whispers’ he’s hearing about Celtic’s upcoming financial results.
Michael Gannon hears Celtic are about to report £100m ‘in the bank’
Celtic’s financial results in February posted pre-tax profits of £43.9m and £65.4m in the bank. And it seems those are about to be dwarfed in the next couple of weeks.
Gannon told Record Celtic [5m 35s], “Listen, usually they get great numbers. I remember being in Rotterdam for the Feyenoord game and they put them out the night before the game during the press conference so that nobody could be asked about it.
“And by the way, that was their best-ever figures. The whispers around is that this could be £100m in the bank.
“I mean, if they put out next week they’ve got £100m in the bank and then they lose in Belgrade or they trip up in the league, which is going to happen at some point, this is all going to blow up again.
“I think the events on the park yesterday maybe cheered a few folk up temporarily, but I think the big elephant is still sitting grumpily in the back of the room.”
What Peter Lawwell said about Celtic’s finances in February
Peter Lawwell was, of course, over the moon about Celtic’s financial results in February as the chairman ironically lauded ‘summer transfer investment’.
Lawwell said at the time, “The success of our model has ensured that funding is available to acquire players who will contribute to ongoing success.
“We invested significantly in the summer transfer window and while we aimed to do more in the recent window, we go into the remainder of the season from a strong position and with confidence.”
Funding is available? So why did Celtic not spend it properly this summer? That’s the question fans want answered.
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