Frank McAvennie has tipped Celtic to sell an asset player in January to cover the club’s drop in European revenue this season.

The Parkhead legend, speaking exclusively to Football Insider, suggested that a significant sale may be needed next month to help “balance the books”.

Analysis from Football Insider found that Scotland’s biggest club would earn a sum close to £3.7million as a result of their efforts in Europe this season.

It represents a drop of £3.12million from the 2019/20 European campaign in which the club earned £6.82million.

The Hoops received greater financial reward last season as they progressed further in the competition, reaching the Round of 32 as opposed to the group stages.

When asked by Football Insider if the drop in revenue was a concern ahead of January, McAvennie said:

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“The drop in European revenue is why I think somebody will have to go in January. I think they will try and make some money to try and balance the books.

Celtic

“The supporters are having a go at Lenny and having a go at the board but £35million has been spent. The board have opened the purse strings.

“I do not think the signings are Lenny’s so while I do not know the guy, I am sorry but it falls right at Hammond’s door. Unless somebody tells me it was Lenny or Lawwell, and that it was nothing to do with him, then I am sorry it falls right at his feet. The recruitment has been terrible.”

In other news, Celtic have been tipped to accept a £12million bid for star player next year.