Former Aberdeen chief Keith Wyness has suggested that Celtic should consider forming a “multi-club organisation” following another year of strong financial performance. Speaking on the latest episode of Football Insider’s Inside Track podcast, the 66-year-old, who previously served as CEO of Aberdeen (2000-2004) and held senior roles at Everton and Aston Villa, believes both Celtic and Rangers should look into expanding their networks by acquiring additional clubs.
On 16 September, Celtic revealed their financial results for the 2023-24 season, showing an increase in year-end cash reserves from £72.3 million in 2022-23 to £77.2 million last season. The club also posted a record revenue of £124.6 million, up from £119.9 million the previous year, marking a 3.9% rise. Further financial growth is expected this season due to Celtic’s involvement in the revamped Champions League.
Wyness pointed out that English clubs like Manchester City, Brighton, and Crystal Palace have successfully adopted multi-club ownership models and urged Celtic to consider a similar strategy. He said: “I’m surprised Celtic hasn’t built a large multi-club organisation. It seems like a logical step to invest some of their reserves and create a more valuable asset for the club. It would also allow them to engage more with their global fanbase. The same applies to Rangers – these are the kinds of questions that need to be asked of these clubs.”
In other news, Celtic fans have expressed frustration with Kyogo over his recent actions.
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