Celtic would see their finances soar if they entered the English football pyramid – and they would use that money to buy a whole new squad.

That is according to ex-Premier League goalkeeper Paddy Kenny, speaking exclusively to Football Insider after The Sun reported that talks have been held over Celtic and Rangers potentially joining the English pyramid.

The European Super League appears dead in the water after 10 of the 12 founder members ducked out after just three days.

But the collapse of the project has raised questions about potential reforms to the English and Scottish league systems.

Kenny claims that Celtic may struggle at first but the stature of the club and size of the fanbase would make better investment inevitable.

He told Football Insider correspondent Adam Williams: “I think they’d be the bottom half of the Premier League or top half of the Championship. They could be a yo-yo club, who knows?

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“But then again, that’s based on the squad and finances that they’ve got now.

“But if they were playing in the Premier League they’d have better finances and spend them on better players and a completely different squad.

“They are an absolutely massive club and I’m sure they would get a lot more investment if they were in the Premier League compared to the Scottish league.

“No disrespect to the Scottish league, of course.”

David Moyes became one of the highest-profile advocates of Celtic and Rangers joining the English pyramid earlier this week.

Quoted in the Guardian, he argued for establishing a two-tier Premier League system that would give Scottish teams a pathway into the English top-flight.

In other news, Celtic will regret not triggering Griffiths contract clause, claims top pundit.