10 years on: Celtic got great value out of rivals' financial nightmare despite what some might say

By John McGinley

February 14, 2022

Ten years ago today one of the biggest stories in Scottish football history came to a head when Celtic’s arch-rivals Rangers were plunged into administration.

It would lead to an eventual liquidation and re-start at the bottom tier of the Scottish league system, inflicting humiliation on the Ibrox side in a way many people never thought was imaginable.

There’s been a lot of reflection today, on the ten year anniversary. Media outlets have been conducting interviews with key figures of the saga at the time, while Rangers supporters seem to think they’ve had a miraculous comeback. That’s absurd, of course, given the amount of outside investment they’ve had ploughed into them.

Photo by Jeff J Mitchell/Getty Images

Look, it’s fair enough they are proud of their team. They aren’t in terrible shape right now. They’re competing for trophies again and have a big European tie to look forward to. They’re always going to stick up for themselves.

It’s a good time for us to reflect too though, from a Celtic perspective.

Strangely, there seems to be a growing narrative amongst rival fans that Celtic supporters haven’t immensely enjoyed the last decade – even taking into account last year’s failed bid for ten-in-a-row.

An incredible trophy haul was achieved and it wasn’t all against zero competition as some Rangers supporters may claim. We’ve won trebles in four of the last five years alone for goodness sake. A lot of the players in that Rangers squad right now were there for some of them.

There have been ups and downs in Europe and that’s probably where our biggest regret comes over the last decade. We didn’t push on to establish ourselves as a Champions League side. Chances to strengthen from the front foot came and went. That’s on Celtic, no doubt.

Everything is falling into place for Celtic as Ange’s class shines through again

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Everything is falling into place for Celtic as Ange’s class shines through again
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However, domestically, there really is very little for them to boast about. Celtic fans have had a wonderful ten years and, it has to be said, their financial nightmare played a big part. We got great value out of it. Not just in terms of success but also entertainment – much of their ‘journey’ has been absolutely hilarious.

This thought that because they won the league last season it nullifies the previous nine seasons that went before is so wide of the mark.

The last decade will go down as one of the best in the entire history of the Celtic.

The process didn’t start on 14th February 2012 – we were already on our way to a title win, but it was a big moment in the context of the years of brilliant Celtic success that followed and it’s fine to say so. That’s why our supporters are looking back fondly on today’s anniversary.

With a bright future ahead under Ange Postecoglou, who’s to say the norm in Scottish football won’t be restored very shortly?

In other news, “Ange Postecoglou’s side are on fire”; Commons predicts European dreams for Celtic.