Celtic pundit lauds Newcastle takeover but more football billions are bad for Bhoys
The huge football news today concerns Newcastle United and their £300m takeover by a Saudi Arabian consortium.
Yes, Mike Ashley is finally gone from the north east and the locals are going daft with celebrations, ushering in a new era of mega wealth to the English Premier League.
It’s being lauded by pundits up and down the country too, including familiar names to Celtic such as John Hartson.
From our green and white perspective though, this is another sign that the Bhoys are being marginalised by football billions that turn the game on its head. The last thing we need is another club with limitless wealth ready to progress in England and ultimately Europe.
The Saudi Arabia Public Investment Fund is reported to be worth a staggering £320bn, and they’ve now made Newcastle their priority. The Daily Mail reckons they could spend £400m on the club over the next couple of years, with half of that on transfers alone.
This will further distort an already ludicrous transfer market that Celtic are increasingly losing touch with. It puts a cash giant as close to the border with Scotland as it gets in the Premier League. There may not be any direct disadvantage to Celtic, but it all trends football in one direction, to our detriment.
More than ever Celtic needs to get its house in order, box clever and put in place processes that allow us to function to the very limit of our resources. We simply aren’t doing that at the moment.
The chaos of Dom McKay’s arrival and departure over the summer has again left us without a clear direction moving forward. The board talks about a ‘five-year plan’ but there is simply no evidence of it. Nor have they communicated what that entails.
Battling against the football billions in the next few years will be almost impossible, but we simply have to be in a position to establish ourselves at a decent European level, or risk being sidelined to an even more extreme degree.
In other news, Celtic star Kyogo comes through Japan match unscathed.