By Kieran Maguire

22nd Oct, 2021 | 6:00pm

Kieran Maguire: Celtic chiefs will 'launch investigation' after things go 'spectacularly wrong'

Celtic shareholders are likely to “launch an investigation” into the club’s shambolic performance last season.

So says finance expert Kieran Maguire, speaking exclusively to Football Insider ahead of the Hoops’ annual general meeting.

As per the Celtic Trust on 15 October, the deadline for shareholder submission resolution requisition forms has now passed.

That means the agenda has been set for this year’s AGM, which is set to take place on an as-yet-unspecified date in November.

Celtic fumbled the chance to win a tenth successive title in 2020-21 as they finished 25 points behind undefeated champions Rangers.

And Maguire predicts that shareholders will conduct a holistic review of the club’s finances and underperformance on the pitch at the AGM.

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He told Football Insider correspondent Adam Williams: “Shareholders will concern themselves with regards to progress in Europe among other things.

“The club is in transition. Can the emergence out of that transition be accelerated by increased spending? If so, how will that spending be funded?

“Dermot Desmond hasn’t put money into the club, but that isn’t necessarily a bad thing.

“In many ways, it’s a sign of a well-run club if you don’t have to go to the shareholders.

“So are they going to go the markets to go and get some additional working capital? These will be the core things that will be discussed.

“Also, I suspect there will be an investigation launched into what went so spectacularly wrong last season.”

In other news, Alan Hutton tips Celtic to sign Filipe Jota soon as price tag revealed.