Celtic chief executive Peter Lawwell has hit back at claims from Rangers chairman Dave King that all it would take is one title win by the Gers to make Celtic start cutting costs.

Talking in the Scottish Sun, Lawwell refuted these claims and said that Celtic are not reliant on Champions league money going forward.

In fact Lawwell was hugely confident and bullish about the future, saying “I don’t think we’ve ever been stronger”.

“At the moment, I am looking at two to three years out and understanding where we can be and where we want to be.

“We’ve got resources that will enable a long runway, in terms of any things that don’t go to plan. We do plan for the unexpected so I think we’re very robust.”

“We always take a long-term view. We look at succession planning, we look at the infrastructure, we look at the team and we look at outside influences, such as Europe.

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“In the short term we are spending nearly £5m in projects around the stadium, we are putting in the new floodlights and a new lighting system which is part of the entertainment system.

“The masterplan includes a hotel, a museum, a new superstore and ticket office.”

Football Insider verdict:

Celtic fans have loved to rip into their Rangers counterparts over the fact that the Ibrox club has no money. It made Dave King’s claims that Celtic were reliant on Champions League money sound a bit hollow, but the fact is that Celtic have been able to see the huge amounts of money they get from the CL as almost a foregone conclusion over the past few years. A possible Rangers resurgence under new manager Steven Gerrard would obviously jeopardise that, but Lawwell is talking a good game at least, and says that Celtic are not at all reliant on it. However, missing out on the Champions League would obviously have an impact. Football finance expert Swiss Ramble claimed that Celtic made over £27million this year after making the CL group stages for the second season in a row. That’s a huge amount of money that Rangers would love to get their hands on. And, while Lawwell has a contingency plan in place – what sensible club wouldn’t? – the contingency plan would obviously involve some degree of cost-cutting, so King is right, in part at least, with his comments. However, the real talking will be done on the pitch next season and it will be fascinating to see if Rangers can get anywhere near the big pot of gold at the end of the Premiership. King will be desperately hoping that he forces Lawwell to initiate the Celtic Plan B. 

In other Celtic news, ‘King’s £20m warchest’, ‘Great long-term plan’ – Celtic fans react hilariously to latest Rangers transfer news

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