Celtic defend not ‘throwing money’ around on deals

In response to criticism from fans, Celtic have defended their summer transfer business, saying that “throwing money” around is “not a sustainable path to success.”

Following “constructive” meetings with supporters’ groups the day before, the Scottish Premiership champions made that affirmation in a statement released late on Saturday.

The Scottish Premiership champions signed 12 players during their first public announcement since the transfer window closed five days ago.

Sebastian Tounekti, Michel-Ange Balikwisha, and Kelechi Iheanacho, the club’s most notable signings, came after Kairat Almaty’s defeat in the Champions League.

Despite having substantial cash reserves, many fans criticized the club’s failure to adequately replace departed stars like Nicolas Kuhn, Adam Idah, and Kyogo Furuhashi.

In their statement, which was more than 1, 000 words long, Celtic addressed those concerns. They added: “In it, they said:

According to Celtic’s statement, “We can never compromise the club’s financial integrity.” “Our approach must always be disciplined.”

The cash reserves are used to manage football’s inherent volatility and ensure Celtic’s ongoing improvement. These funds are used prudently to invest in long-term development, infrastructure, and recruitment.

“We all have the same goal: to keep Celtic strong and secure off the field while achieving success.”