Celtic plan to smash transfer record in 'huge' summer signing spree - sources

Founder & Managing Director AUTHORITY Former chief correspondent at Evening Standard, Goal and Press Association with nearly three decades in national, regional and digital news and sports journalism. Wayne directs the network’s news strategy and high-level operations. FOCUS Editorial direction for the 11-site network and newsroom management. THE BRIEF Wayne oversees the network’s editorial standards across the network. He provides the final sign-off on all headline scoops, ensuring content across all platforms meets the standards required for a high-velocity newsroom.

Published on:

24 Feb 2024, 8:49 am

Celtic plan to smash their club transfer record this summer in what is set to be a busy window, sources have told Football Insider.

The £9million fee paid to Paris Saint-Germain for Odsonne Edouard in 2018 remains their record transfer despite the club's healthy finances in recent seasons.

It is understood that the Glasgow giants have set aside a 'huge sum' to secure a marquee arrival this summer as part of a major signing blitz.

Celtic fans have been critical of their board and recruitment team in recent years with supporters accusing the club of lacking ambition.

The Parkhead side announced revenue of £120million in their 2022-23 accounts, including £40million in profit and £67million stashed in the bank.

Celtic plan to smash £9m transfer record this summer amid fan complaints

Despite the club's profits, Celtic have only invested £21million in new signings this season after receiving around £25million from Saudi Pro League side Al-Ittihad for Jota last summer.

Celtic chairman Peter Lawwell discussed the club's transfer business at their annual general meeting this week.

Lawwell said that the club's board "shares the frustrations of supporters" towards the "less-than-anticipated activity in the recent transfer window".

Celtic's lack of transfer ambition appears to have had an effect on results with arch-rivals Rangers leapfrogging them in the league table to take top spot.

In other news, Celtic and Brighton in race to sign League One wonderkid this summer

For more Celtic and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.

Celtic