By Dr Dan Plumley

21st Nov, 2022 | 11:52am

Finance guru: Celtic to cooperate with authorities as talks held in Switzerland

Celtic will likely cooperate more closely with the European Club Association as they get to grips with UEFA’s new financial sustainability regulations.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the latest from behind the scenes at the ECA.

The collective of clubs, of which Celtic are a member, held a financial sustainability workshop in Geneva that ran for two days starting last Tuesday (15 November).

The summit was primarily centred around educating clubs on UEFA’s new spending controls designed to replace Financial Fair Play.

The new system, which is being phased in from this season, dictate that clubs must spend no more than 70 per cent of turnover on wages, transfers and agent fees.

Plumley forecasts that the likes of Celtic will strengthen their ties to the ECA while the transition to the new system continues.

Click below for exclusive transfer news

“I think we will continue to see the ECA work more closely with clubs in the future,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

It’s right to put Celtic in that bracket who will have to work closely with the ECA going forward. They are always at least on the fringes of qualifying for European football, either in the Champions League or in the Europa League.

Because of the domestic system in Scotland, it is always highly likely they will finish in the top two. They have to conform with these things coming down from UEFA and the ECA therefore.

“You need to make sure your finances are in order against those regulations. So, it makes sense that this would lead to a closer working relationship between Celtic and the ECA in the future.”

In other news, Celtic line up Yuki Kobayashi medical after deal agreed in principle.