Celtic’s Champions League failure is down to flawed transfer policy

“The impact of Europa League football for a second successive year will be felt more strongly on Celtic’s balance sheet than on the morale of supporters. The likely sale of Aiden McGeady has shown mere participation in the Champions League represents the difference between a heavy annual loss and a lucrative financial year for either half of the Old Firm. On the field, the Glasgow duo’s diminishing standing actually makes the Europa League a more viable environment.” (Guardian)

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