It’s quite an achievement for Celtic to make it into the top 100 list of football clubs based on squad spending. With a budget of around £54.2 million, the Hoops have managed to secure the 91st spot globally, according to the latest data from Football Observatory.
The club’s financial strategy seems to be well-balanced. Brendan Rodgers has been prudent with his spending, especially in the goalkeeping and midfield departments, where less than £1 million and £10.3 million have been spent, respectively. Smart acquisitions like Matt O’Riley and Reo Hatate have helped in keeping the costs down. The club has also invested wisely in talents like David Turnbull and Odin Thiago Holm.
Defence appears to be the focal point of Celtic’s investment, with a total outlay of £24.1 million. The permanent signing of Cameron Carter Vickers from Tottenham for around £6 million and the addition of Maik Nawrocki from Legia Warsaw for £4.3 million are notable. The attack hasn’t been neglected either, with a respectable £18 million spent, including key players like Kyogo and Luis Palma.
When you compare Celtic’s spending to the astronomical budgets of clubs like Manchester United, Chelsea, and Manchester City, it’s clear that the Hoops are punching above their weight. It’s also worth noting that Celtic are ahead of some notable clubs like Union Berlin and Stuggart, as well as teams from diverse leagues like CF America, FC Lorient, and Palmeiras.
All in all, it’s a testament to Celtic’s smart financial management and scouting network that they’ve been able to assemble a competitive squad without breaking the bank. It’s something that every Celtic fan should be proud of.
