Martin O'Neill with hand to head and Celtic fans in stands right inset
Martin O'Neill has told Celtic fans that they will have more signings in soonImago

Celtic miss out on eye-watering windfall

Harri Burton

Senior Correspondent AUTHORITY Senior football journalist specialising in refereeing and officiating; former contributor to The Football League Paper, Late Tackle, and the Premier League; University of Derby graduate. FOCUS Refereeing controversies, football finance and governance, PGMOL decisions, and officiating analysis across the Premier League, EFL, and SPFL. THE INSIGHT Harri utilises a network of officiating and industry contacts to deliver verified, expert analysis of refereeing decisions and PGMOL policy. He provides the regulatory clarity behind the controversy to ensure fans get the full picture.

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Celtic have undergone a transformational squad rebuild, and the repercussions have already been greatly felt in Scotland.

Martin O'Neill has lost Kelechi Iheanacho, Daizen Maeda and Arne Engels, and while two of them were for decent fees, they're very difficult to replace.

Despite a lot of money being spent, signing the likes of Kasper Hogh and Camilo Duran, it feels like much of the 2026-27 campaign is now pointless.

Having beaten LASK 3-0 in their Champions League qualification play-off final, all signs pointed towards an easy entrance into the competition.

The Hoops had other ideas, though, losing 5-1 to the Austrian side in extra time on Tuesday, 25 August, and throwing away their chances of success.

This even came after Callum McGregor scored the opener, but an incredible comeback from LASK has seen Celtic's season go up in flames.

Celtic to miss out on millions after LASK blow

O'Neill's side will instead be playing Europa League football, but the difference could have huge implications for the Scottish Premiership champions.

Speaking to Football Insider ahead of the second leg, Stefan Borson revealed that qualify for the Champions League would see £30million-£40m arrive at Celtic Park.

Especially for a Scottish club, that is an eye-watering amount of money, and a figure that the Hoops will now be without thanks to their second-leg display.

While Celtic will still play in Europe, it is not the competition that supporters wanted to be battling in, so expect a lot of fan fury this season.

Winning in Europe will still be a priority, but looking at Celtic's transfer wishlist, some corners may have to be cut before the transfer window closes.

Martin O'Neill with hand to head and Celtic fans in stands right inset
Stefan Borson: Celtic on verge of 'transformational' windfall
Martin O'Neill with hand to head and Celtic fans in stands right inset
Dermot Desmond costs Celtic Champions League qualification as gamble backfires

What other business could Celtic do this summer?

There is just a matter of days remaining until the summer transfer window closes, but that doesn't rule out any further deals being struck at all.

Alistair Johnston and Reo Hatate face uncertain futures, though Keith Wyness told Football Insider that the latter's asking price is too high.

Football Insider also understands that the Hoops are interested in Southampton right-back Yukinari Sugawara, especially if Johnston leaves.

O'Neill needs some huge figures through the doors before the window closes, but the lack of Champions League adds yet another hurdle to the sitaution.

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