Just reported on BBC sport website that all 11 of Celtics last season's rivals are to benefit to the tune of nearly 375k.

What will this be spent on as I assume we couldn't possibly have budgeted for this close season.

Jan transfer window spending on the cards or just balancing the books?

Thoughts?

i believe this cash is already budgeted for so its not like we are suddenly going to sign a striker who can actually score with it 

1 minute ago, mikeyrob73 said:

i believe this cash is already budgeted for so its not like we are suddenly going to sign a striker who can actually score with it 

How can you budget for it until Celtic actually qualify though.

Bit of a risk isn't it

Being put into the Foran pay off fund I suspect.

This is today's article  re this windfall.  It seems as If ICT will be one of the beneficiaries: I hope this link opens O.K. I've just read it at 16.50 your time in Scoitland.

http://www.bbc.com/sport/football/41667956

4 hours ago, ferben1994 said:

Just reported on BBC sport website that all 11 of Celtics last season's rivals are to benefit to the tune of nearly 375k.

What will this be spent on as I assume we couldn't possibly have budgeted for this close season.

Jan transfer window spending on the cards or just balancing the books?

Thoughts?

It will just go a little way to balancing the books at present so there will not be much left for a spending spree in January.

3 hours ago, RiG said:

Being put into the Foran pay off fund I suspect.

He deserves nothing for where he left us worst manager ever and he will get a chunk of it that makes my blood boil

In all honesty who would want to come to us in January. Nobody of any substance. 

Bring on the youngsters!!!

Sadly Rig is probably correct, there's debts to service and given some of the abject performances but extended contracts awarded in summer we may need to pay off some players too in order to free up some salary budget for 'upgrades'.

 

We will not challenge for promotion and, with any luck, will avoid a second relegation.

Next season our parachute payment will be half of what it is this. For that reason; I would be inclined to keep any resources we have for Summer recruitment and hopefully a promotion push next season.

4 hours ago, ferben1994 said:

How can you budget for it until Celtic actually qualify though.

Bit of a risk isn't it

This is for last season hence the reason it could be budgeted for although not perhaps exactly how much.

51 minutes ago, Huisdean said:

This is for last season hence the reason it could be budgeted for although not perhaps exactly how much.

Correct, it is for last season's cup run, so the money will have been budgeted for.

Celtic's performance this season in the Champions League will likely mean Premiership teams paying back money as opposed to receiving it in Season 18/19.

Edited October 18, 20178 yr by Guest