By Michael Brown

28th Feb, 2020 | 7:36am

Exclusive: Brown reacts to Celtic board, compares to Rangers

The Celtic board have allowed Rangers to narrow the gap by failing to invest enough money in the playing squad.

That is according to ex-Tottenham, Man City and Leeds United midfielder Michael Brown, speaking exclusively to Football Insider about the tight rein kept on spending the Hoops hierarchy.

Celtic suffered the seismic blow of European elimination at the last-32 stage of the Europa League at the hands of Copenhagen last night by slipping to a shock 3-1 defeat at Parkhead.

By contrast, Rangers eased into the last 16 of the competition 24 hours earlier with a slick 1-0 win at Sporting Braga.

Celtic are well on course for a ninth consecutive title, and may yet secure a fourth domestic treble on the spin, but the European success of their bitter rivals as well as that late-2019 Old Firm defeat at Parkhead shows Rangers are gaining ground on them.

“It won’t have helped, will it? I think the Celtic owners and the board have realised now that Rangers are a little bit closer,” Brown told Football Insider.

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“They might have to go, when they’ve had it comfortable, where they’ve gone: ‘Let’s store some money up now, how far do we go? We’ll keep our dough, yes Champions League we’d like to progress’.

“I don’t think they’ve gone crazy the last few years, (spent) when they’ve had to and if they were smart they should have had their stock really high going: ‘Now it’s time to stick a couple of extras in.’

“They’re probably regretting how close they’ve let them get. Look at Rangers, they’ve invested a lot of money.”

In other Celtic news, it can be REVEALED that the club have landed a jawdropping windfall – and more cash is on the way.