Celtic fans have been discussing the possibility of the Scottish champions helping out other rival clubs financially with short term loans to see them through the current global health crisis.
The Scottish Premiership and lower leagues have never had the luxury of relying on massive amounts of cash from television broadcasters or sponsors, so the nation stands in a more precarious position than many of the bigger leagues around Europe.
With no fans going through the turnstiles for potentially months, solutions have to be found to help out those in need most and make sure they are in a position to compete with Celtic moving forward.
One prominent fan on Twitter has made the suggestion for the financially stable Hoops to effectively fund some of the harder hit clubs with a loan of £250k each, potentially to the total tune of £10m.
I know what your instant reaction to this is but put that to one side for a moment. Is there a case for Celtic putting up £10m for short term loans to support the other 41 clubs in the Scottish leagues during this current crisis? Max loan £250k with agreed repayments etc.
— Celtic Underground (@celticrumours) March 14, 2020
It’s a noble idea and has generated plenty of debate in the comments, both in favour and against the proposal.
Is it worth Celtic taking a short-term hit to ensure the long-term viability of the Scottish game.
I have to say, I see the benefits.
If repayments could be agreed in advance then it’s unlikely to impact us financially over the course of the next few years and will ensure a community approach to navigating the current crisis.
Ultimately it seems unlikely to happen, but perhaps some leaders in the game can keep this one in their pocket should no other solutions materialise.
These fans have taken to Twitter over the last few days to share their thoughts on it all…
Not a bad shout but I’d expect there to be issues with sporting integrity and conflict of interest
— scott auchterlonie (@busmanscott) March 14, 2020
UEFA are sitting on a £3billion fortune . Celtic cannot dish out cash and probably never get it back. The governing body must step up now.
— cavanbhoy (@ArkinsPatrick) March 15, 2020
I’m torn on this.
Yes your plan provides Scottish opposition (I’d hate to be part of English football) and yes it’s the right thing to do…
BUT there’s 1 club in our league that is so vile that I’d prefer they were gone for good regardless of the buzz you get from beating them
— Cautious Dave (@cautiousdave) March 15, 2020
Yes. Without question. Include all clubs. Including the zombies. Give them every opportunity to refuse. And enjoy every delicious, humiliating moment of their acceptance.
— Panda (@tothebrim1) March 14, 2020
I would go with that. Maybe only for clubs who live within their means though.
— Scottsman78 🍀 (@Scottsman1978) March 15, 2020
250k per club not competing in Europe, interest free, on the basis that it can’t be used for transfers, and going forward away tickets are capped at £20 even if it means restructuring the current allocated prize money going forward to suit the teams lower down in the table
— michael. ⛵️ (@VLR) March 15, 2020
I understand ur reasoning but i would rather @CelticFC gave resources to food banks, care homes and the like, people matter more than football clubs 💚🍀💚🍀💚
— Ellenb1888 (@ellenb1888) March 15, 2020
Given the interdependent nature of football as a business that DEPENDS on having competitors then it makes sense. However the importance of financial fair play with an underpinning bond is now stark. I’d use a % of CL income to sustain a bond.
— Auldheid (@Auldheid) March 14, 2020