Kieran Maguire shares 'astounding' £13m Celtic-Rangers transfer reveal
The fact that Celtic have a net spend of negative £13million over the last decade is “astounding”.
So says finance boffin Kieran Maguire, speaking exclusively to Football Insider about the financial differences between the Hoops and Rangers.
Rangers signed only one player, Juninho Bacuna, on a fee-paying deal this summer, while three more joined on free transers.
Celtic meanwhile spent over £20million as six players arrived at Parkhead for seven-figure sums.
But the Hoops ended the window with a profit in excess of £10m after the sales of Kristoffer Ajer, Odsonne Edouard and Ryan Christie among others.
And Maguire asserts that this is typical of the Hoops’ approach in the transfer market over the last decade.
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“I don’t take notice of net spend in a single year as it can be distorted by a single transaction,” he told Football Insider correspondent Adam Williams.
“But over a longer period of time, you do get a more holistic view of the club’s player trading strategy
“If we look at Celtic, their player trading model over the course of the last decade shows that they had a negative net spend of £13m.
“For a club the size of Celtic, that is quite astounding. If you look at the Premier League sides, they would all be positive, for example.
“Since 2013, Rangers have got a positive net spend of £13m. I think that reflects that Rangers have been in a recovery/growth period.
“They had to recover from those setbacks many years ago. In that time, Celtic have not had to deal with the same issues.“
In other news, potential £37.5m Celtic windfall leaves pundit awestruck.