Celtic are in exactly the opposite position. They have no plans to invest the income over the year back into the club. Generating profit resulting in Corporation Taxed seems to be the target.
After the shambles of last season the club is heading for a repeat. Now it appears that some shareholders are concerned by the running of the club, asking questions and pushing for change.
On all known form Celtic will spend some of the money raised from the sale of players. The £70-90m in the bank won’t be touched.
Dermot Desmond, Peter Lawwell and Michael Nicholson see things very differently. A transfer window is the chance to sell off performing players, bank a profit and hope for the best with some project signings from trusted sources.
It all started before the season even kicked off when the club imposed a three match suspended ban on the Green Brigade while they were preparing tifo tributes to John Clark and John Fallon.
Celtic have just written off £1m by releasing Stephen Welsh from his contract. There would be change out of £1m if that figure was used to pay Fotheringham and Maloney for one season.
Stephen McGowan is the go-to guy for this sort of news. A positive spin can always be applied to the most depressing of news.
All they had to do in the renewal campaign was hint that at least some work was being done to rebuild the club infrastructure, find the new manager, implement the structure he will need, recruit the players.
If there is the slightest interest in the good of the club Celtic will be presenting a dossier to Willie Collum tonight and demanding full disclose by 5pm tomorrow. Even though it is a bank holiday. VAR conversations broadcast, unedited.
The Interim Chairman has ignored the Collective since February 18. He has broken his promise to hold a follow up meeting within a month. Celtic haven’t published their Minutes from the February 18 meeting.