By Kieran Maguire

21st Apr, 2022 | 1:56pm

Kieran Maguire: Celtic in 'very strong position' as 'radical' overhaul looms

Celtic are in a “very strong position” to adapt to Uefa’s “radical” new financial fair play system.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the new revenue-based spending controls.

Uefa announced earlier this month (7 April) that clubs must now spend 70 per cent or less of total revenue on transfers, agent fees and wages.

European football’s ruling body also reportedly had plans to hand out two places in an expanded Champions League based on historic performance.

But they have announced today (21 April) their commitment to the Win It On the Pitch initiative, which advocates a merit-based system.

Plans to boost the competition from 32 to 36 teams under a ‘Swiss model’ format with greater revenues for competing teams will go ahead, however.

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Maguire explained how the Hoops will fare in European football’s new financial landscape.

“Celtic are in a very strong position with regards to the new rules,” he told Football Insider‘s Adam Williams.

“They don’t have issues in terms of wage control. Celtic’s wages to turnover ratio in the three years pre-Covid was 58 per cent, 58 per cent and 67 per cent.

“They have three years to taper their outlay accordingly as well because the new rules, while radical, are being phased in gradually.

“Uefa’s calculation also takes into consideration not the whole staff, but only the playing staff and the first-team coach.

“Celtic are certainly in a strong position to deal with that. They don’t often make losses either, so there won’t be an issue there.”

Celtic will qualify for the Champions League group stage automatically if they win the Scottish Premiership this season.

Ange Postecoglou’s side are six points clear atop the table with just five games to go.

In other news, expert claims Georgios Giakoumakis has “upset the applecart” at Celtic after manager reveal.