Hutton: Intriguing new Celtic reveal may have saved Lennon from the sack

The poor financial results at Celtic may have kept Neil Lennon in his job as manager, according to Alan Hutton.

The former Rangers and Scotland defender, speaking exclusively to Football Insider, insisted the Bhoys were “long overdue” for an overhaul but questioned where the money was going to come from.

The Hoops posted a pre-tax loss of £5.9million in their half-yearly financial results announced on Monday morning, with revenue slashed by nearly a quarter.

The results have paved the way for two big-name – and big-money – sales at Parkhead this summer, with the club hoping to pick up around £30million for some of their top assets.

The Glasgow giants have struggled on the pitch as well as off it this season and currently find themselves 18 points behind fierce rivals Rangers in the fight for the Premiership title.

Lennon’s future has been the subject of much speculation during the campaign but has been backed by chief executive Peter Lawwell and the Parkhead board.

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Hutton has suggested the lack of financial firepower may have contributed to the Northern Irishman keeping his job despite the need for change.

Hutton told Football Insider: “The financial thing is a worry in itself, you’re actually asking yourself: Well, where’s the money going to come from to change everything around? Is that why Lennon hasn’t moved on yet?’

“I mean, I think there’s a whole host of questions Celtic fans would like to know the answer to.

“I think first and foremost we have to say a lot of teams are in the same situation with their financial losses, Celtic and Rangers are no different.

“I think the main thing for Celtic is they need a kind of overhaul of the squad, whether it be managerial level, definitely playing level, they’re going through a transition at the moment. It’s long overdue, if you want.”

In other news, Danny Mills has rubbished the reason Jeremie Frimpong gave for quitting Celtic.