Rangers 'in trouble' after £6m Celtic reveal - McAvennie
Frank McAvennie is “delighted” with how Celtic are progressing financially.
Speaking exclusively to Football Insider, the former Hoops striker said the club “totally trust” Ange Postecoglou and are willing to give him money to spend on transfers.
Last week (20 September), the Celts reported their pre-tax profit as £6.1million, compared to an £11.5million loss last year.
The amount of money made from player sales increased by £20million compared with the previous year.
In the accounts, chairman Ian Bankier cited a return to full capacity stadiums and increased player trading as reasons for the Parkhead club’s improved finances.
On the other side of Glasgow, UEFA confirmed (2 September) that Rangers have been placed on their Financial Fair Play watchlist.
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The governing body said the Ibrox club will be “monitored closely” in the upcoming financial period.
McAvennie said he is pleased to see Celtic doing well in light of Rangers’ struggles.
“I think it’s great that Celtic are coming out with that with the trouble on the other side of the city,” he told Football Insider.
“You don’t know what’s going on over there because people say they’re in trouble and then chairmen come out and say they’re ok. It’s a different kettle of fish.
“But Celtic are in a good place, they’re growing, they’re buying decent players and they’re gradually getting there.
“When Ange has wanted money he’s been getting it. I think they totally trust him so there won’t be a problem there.
“All I wanted this year was to do well in Europe and they’ve done it for me. I know the Shakhtar [Donetsk] result was poor but they battered them, just didn’t score. From where we were last year, we got put out of three tournaments in one season. I’m delighted with where they are.“