As per the title. I posted this information (below) in a previous post and have copied it at the bottom of this post. Since Rodgers came back, we have consistently had a net spend of around minus 10 million pounds (plus or minus a few million).
It's weirdly consistent: we think of last summer as a big-spending window because of the big money signings and the summer before that (we can all agree) was a very bad window, and yet the net spend was around the same. We've had windows where there were a lot of comings and goings and ones where there were far fewer, and yet the net spend has been roughly the same. It's got me wondering if this is something we are actually targetting.
If it is, then we only have £5 million pounds left to spend this summer as it stands (which is clearly not enough for what we need) and maybe what we are waiting for is not CL qualification but the money from selling Maeda. Just a thought. Maybe I'm wrong and it's just a weird coincidence. Information and sources below:
Summer 2023 net spend: minus £11.5 million.
https://www.67hailhail.com/transfers/celtic-net-spend-summer-transfer-window-2023-24/
Jan 2024 net spend: £130 thousand.
https://www.67hailhail.com/transfers/celtic-january-2024-transfer-ins-and-outs-signings-done-deals/
But note that if you include Abada, who went a couple of months later, the net spend was minus £7.87 million, which fits the pattern
https://www.bbc.co.uk/sport/football/68507625
Summer 24 net spend: minus £10.6 million.
https://www.bbc.co.uk/sport/articles/cz6x2gledydo
Jan 25 net spend: minus £7 million
(https://www.skysports.com/football/...-2025-scottish-premiership-deals-ins-and-outs)
Summer 25 net spend so far: Proably around minus £14.95 million.
I say "probably" because I can't find a trustworthy source for this one, but I think the following is at least in the right ballpark: https://www.sportsmole.co.uk/footba...nsfers-all-confirmed-ins-and-outs_573976.html
Discuss Do we target a (negative) net spend in our windows? in the Celtic Chat area at TalkCeltic.net.
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Random Review
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StainseyBhoy
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It goes a lot further back than that, I think if you went back to 2010 there'd be at most 2 or 3 windows without a negative net spend.
You can argue if it's a clear policy of downsizing or negligenceRandom Review likes this. -
Leone Naka Fan
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Clear policy. I think it was only during Rodgers' first tenure that we had a positive net spend.
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We target profit every year. Thats why we won't spend this year until we know we've made the champions league. Then we know our budget to stay in profit and allow the board a nice juicy bonus and Desmond a cracking dividend again. Leach *.
Leone Naka Fan likes this. -
I think of the problem in the terms of 'why do we need a cash reserve'?
Over the last 20 years or so, excluding covid seasons, our biggest annual losses are about 5m or so. All years with no champions league money and few big player sales. So a conservative plan may be to keep say 5 years worth of cash reserves in case we run a loss like those worst seasons for 5 consecutive years. Thats unlikely but certainly possible.
Thats 25m in cash. It isnt the case that after 5 years we are therefore anywhere near "bust". That just means our cash account will be around zero (like many other clubs our size)
Which means we have c.50m currently providing no fuction other than earning interest. And that is terrible practice for a football team. So we should spend/invest that. Obviously not all in one window and it doesnt all have to be on players - could be on stadium, scouting, youth, charity - but that money needs allocated. That extra money then allows us to worry less about net transfer spending which would look after itself as players come and go. -
Westlondonscot Gold Member Gold Member
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I think we target to make a profit as a business as a whole. Transfers might be seen as an easy way of helping towards that.
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Thing is, we all expect to sell for big. The fact we're then not buying to replace it in time for the season starting is just * negligent. To busy thinking of the pennies they can save, to increase their own bonus.
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100% what we target. It's the reason we * around so much. We need to make sure we dont go a penny over.
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I think most fans understand and support the player trading model in terms of generating profit from player sales. And to a large extent, it's been successful. But that model is predicated on the profits being reallocated into the club, which results in the club's progression. It's this last and crucial step where the board are fundamentally failing with a complacent let's just do enough to get by transfer policy.
If we can invest in the term properly, we can attract more young promising players who, in turn, get sold on for profit all while improving the club on the field. Increasing success domestically and in Europe and thus simultaneously improving our financial situation.
The likelyhood is that the lack of investment this summer is going to cost us x more millions in loss of Champions League revenue. Totally avoidable and predictable blunder which is simply unforgivable. -
Westlondonscot Gold Member Gold Member
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Yeah, the this has been poor, more because we were already missing Jota. But I will say I'm not fussed about net spends etc, I'm concerned more about how the system as a whole is implemented.honda likes this. -
Sent from my Pixel 8 Pro using Tapatalkhenriks tongue likes this. -
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um W.T.F. this cant be new revelation to some ,only been happening for about 20 years