By Paddy Kenny

17th Jun, 2021 | 6:00pm

Kenny: Postecoglou may have just revealed how much Celtic are spending this summer

Ange Postecoglou may have indicated that Celtic have “no money” to spend in the transfer market this summer.

That is according to ex-Premier League goalkeeper Paddy Kenny, speaking exclusively to Football Insider about recent comments made by the newly-appointed Hoops boss.

He told Celtic TV on 10th June that he is a “big believer” in “homegrown talent” and wants to nurture and develop academy prospects during his time at Parkhead.

Postecoglou, 55, signed a 12-month rolling contract when he joined the club from Japanese side Yokohama F. Marinos.

Some naysayers, including Football Insider pundit Noel Whelan, claim Postecoglou’s tenure may not be long enough for him to realise his aspirations with the academy.

Kenny is not in that camp but he did suggest that the Australian’s comments may indicate that the club is strapped for cash.

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He told Football Insider correspondent Adam Williams: “I don’t see the deal being a problem. With it being a rolling contract, I don’t think it’s a bad thing.

“What’s a contract worth these days? It’s all well and good having a five-year contract but you can still get sacked after six months.

“It’s nice for him to give youth a chance. Whether that says Celtic haven’t got a budget to go out and buy anyone, who knows.

“Maybe they’ve got no money and that’s why they need to blood these youngsters, we’ll have to see. Maybe that’s the route they’ll have to go down.”

In other news, pundit reacts as Celtic look to beat Premier League side to goalkeeper signing.