Football Insider has been told by Kieran Maguire that Celtic having £70million in the bank doesn't mean they should've spent more on transfers this summer.
Celtic fans should not be angered by their club’s summer spending despite having £70million in the bank.that finances at Celtic will be ‘volatile’ throughout the football season.after a treble-winning campaign in Scotland.
Celtic also made a net profit of £10million in the transfer window despite reporting overall profits of £40million with £70million cash reserve., Celtic’s lack of spending this summer angered part of the club’s fanbase who believes more of the £70million reserve should’ve been used to improve the playing squad.
When asked whether fan anger over spending was justified, Maguire explained that Celtic’s finances have been heavily impacted by season ticket sales and Champions League payments.
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