Exclusive: Finance Guru drops Desmond reveal, says Celtic stars have to be sold
Celtic powerbroker Dermot Desmond hasn’t ploughed any money into the club for an “awfully long time” — and it means stars like Odsonne Edouard will have to be sold.
That is according to football finance expert and new Football Insider columnist Kieran Maguire, speaking exclusively to correspondent Adam Williams after this site exclusively revealed Celtic have lowered their asking price for the striker from £40million to £25m.
Arsenal are said to be interested in the player, as are Italian giants Juventus and AC Milan, according to The Sun.
Edouard’s valuation has been cut as the hierarchy at Parkhead have been unable to tie him to a new contract, with his current deal expiring in 2022.
Maguire believes that the Celtic owners are pursuing a model that means key assets like Edouard will have to be sold to balance the books.
He told Football Insider: “If you take a look at Celtic, the owners haven’t put any money into the club for an awfully long time. So to a large extent, Celtic have been self-sufficient financially.
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“Now, if that’s going to be the case, they are losing money on a week-by-week basis, and the only way you can cover those losses is through player sales. Dembele, Tierney, other players of that standard, they’ve been clever in selling in recent years.
“If the owner (billionaire Desmond is the majority shareholder) doesn’t want to put any money in, there’s no alternative but to sell someone like Odsonne Edouard.”
Edouard has been with the club since 2017, joining initially on loan from Paris Saint-Germain before making the move permanent at the beginning of the 18-19 campaign.
Football Insider understands that the striker is in no hurry to leave Parkhead and recognises that the best that opportunity for him to seek a new club would be in the summer.