Kieran Maguire tells Desmond to dig deep for two new Celtic signings as wanted list reported
The only way Celtic can afford to invest more in the transfer market is if Dermot Desmond puts his hand in his pocket following their “huge” Champions League blow.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the Hoops’ summer window so far.
The Sun’s Alan Nixon tweeted yesterday (8th August) that Celtic are still in the market to recruit another striker and right-back.
Celtic have signed Kyogo Furuhashi, Carl Starfelt, Liel Abada, Joe Hart, Liam Shaw and Osaze Urhoghide for a combined total of £14.5million.
But they have a negative net spend after Kristoffer Ajer, Vakoun Bayo and Jack Hendry brought in almost £17m to the club.
Maguire claims that Celtic should only expect further transfer outlay if the owners decide to pump their own money into the club.
Subscribe to Football Insider TV now
“Celtic have been hit by the pandemic pretty severely,” he told Football Insider correspondent Adam Williams
“Ticket sales are 50 per cent of income for them, so they’ve lost all that in 2021.
“We know that their broadcast income is going to fall after missing out on the Champions League. As we know, that’s a huge revenue driver.
“So I think you have to be realistic and say the only way they can spend significantly in the transfer market is if there is support from the owners.
“With Dermot Desmond, there appears to be no enthusiasm to inject equity into the club. So you end up fishing in a slightly different pond.”