This season, Celtic is “underperforming” despite having a £10 million advantage over their bitter rivals Rangers in terms of squad cost overall. According to financial expert Kieran Maguire, who spoke with Football Insider, Celtic spend more on payroll than its Glasgow rivals. Rangers now lead the league by two points, meaning Brendan Rodgers’ team has fallen behind its competitors.Celtic supporters are upset with club chairman Peter Lawwell on social media over remarks he made during the most recent annual general meeting regarding a lack of transfer activity. Some have even dubbed Lawwell a “blatant liar.” With £67 million in the bank, Celtic reported a profit of £40 million in their 2022–2023 accounts. However, Lawwell stated that transfer targets were not available during the January transfer window. Maguire maintained that Celtic has a significant advantage over other Scottish teams, thus their current problems are not financial in nature.
Maguire told Sean Fisher of Football Insider, “There is an argument for Celtic to invest more if they are behind Rangers in the table.” “They have always been extremely cost-conscious, and if we look at the 2022–2023 season, they accounted for more than half of all Scottish Premiership squad costs.”From a financial perspective, though, I don’t think anything is particularly amiss if they are producing more revenue than their competitors but are still unable to win the league.For that to be the case, Celtic must be underperforming, or Rangers must be overperforming. “We know that Celtic’s wage bill is 20% higher than Rangers’, so they should have an advantage because they are financially stronger than the team.”In the Scottish market, their squad costs a lot of money—ten million more than Rangers’.”We know that Celtic’s wage bill is 20% higher than Rangers’, so they should have an advantage because they are financially stronger than the team.”In the Scottish market, their squad costs a lot of money—ten million more than Rangers.
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