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Just how much money have the Celtic board wasted on projects, flops and loans in recent years? Lets take a look

I take a look at the money this Celtic board has wasted on projects, flops & loans over the last 7 years. It doesn’t make for pretty reading.

Published: Tuesday, 10 November 2026 at 5:02 PM
Just how much money have the Celtic board wasted on projects, flops and loans in recent years? Lets take a look
Key Things to Know
  • Writer Eric Knott claims the Celtic board has wasted around £82 million on transfer flops and loans since 2016.
  • The writer estimates Celtic squandered £51 million through November 2023 and added more than £30 million after.
  • Knott labels Tounekti and Blikwisha as failures that cost the club a combined total of £10 million.
The Story in 60 Seconds

Writer Eric Knott argues that the Celtic board has wasted approximately £82 million on failed transfers, projects, and loan signings since Brendan Rodgers' first managerial spell began in 2016. Knott claims this figure includes roughly £51 million spent up to November 2023, alongside an additional £30 million or more squandered in the subsequent years.

Knott highlights specific signings, calling both Tounekti and Blikwisha flops that cost the club a combined £10 million. He also criticizes the board's reliance on nine loan signings in 2026, contending that the current transfer strategy of buying multiple low-cost prospects keeps Celtic stagnant.

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