Asset Management Day


You and I are old enough to remember the grief when a star player left to go to England.  Today, with Odsonne Edouard’s anticipated departure, grief is replaced by relief.  This is nothing to do with the player’s ability, he will be missed on the field, but success on the grass is determined by the astuteness in the Asset Management game.  If Celtic are to enhance their chances with the former, they need to optimise the latter.  Eddie has to leave with financial compensation coming the other way.

Whatever Crystal Palace pay, a significant portion will to go Paris Saint-Germain (widely reported as 40%).  We paid €10m when the player signed permanently in 2018, so although the money will have an impact on current and future trading, we will scarcely break even on the player, a sign that his value (€10m plus sell-on clause) did not appreciate during his time in Glasgow.

Ryan Christie, like Stuart Armstrong three years ago, is one I hoped we would be able to hold onto.  Ryan spent three years going nowhere (if you discount loans to Inverness and Aberdeen) before he transformed Celtic when coming on as a halftime substitute against Hearts at Murrayfield in October 2018.  Celtic started that season poorly with Brendan Rodgers unable to conjure a fix until a series of injuries gave Ryan his chance.  He played a significant role in rescuing Celtic’s season, and Brendan’s reputation, as they secured the Treble Treble and remained a key player in the subsequent treble and European campaigns.

Money talks and Celtic players listen when wages above £50k per week are mentioned (Edouard will earn significantly above this).  With only six months left on his current deal, I doubt we will earn much for Ryan, but the principle remains the same; churn them before they leave for free.

Filipe Jota and Georgios Giakoumakis are waiting in the tunnel, so the ‘F5 hours’ should be busy.

Click Here for Comments >

About Author

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 20

  1. Excellent business if we get £3M for another wantaway who can walkaway in January for nothing.



    His ‘better form’ this season earned him a wage rise offer, but he’s clearly not as good as he thinks he is and has been leaving since the start of last year.



    We move on CSC

  2. Good luck to Eddy and Christie, both played a big part in the 9IAR,The Invincible Season, and the Treble Treble.

  3. Ange needs more quality recruits.



    There should be no excuses from this pathetic board of RATS..



    D :)

  4. we have allowed eddy to leave but it should have happened last season , a shadow of the player we purchased.


    good luck .

  5. You know, I really, really don’t like criticising CQN…



    But Ryan Christie saved Brendan Rodgers’ reputation.



    There is a big football world out there fholks.



    Get off the deludomal and have a look see…



    Hail Hail

  6. RC on 31st August 2021 11:52 am



    we have allowed eddy to leave but it should have happened last season , a shadow of the player we purchased.





    good luck .



    Let’s be honest mate,if we sold Eddy at the start of last season, we would have burned the place down



    I’ve actually seen CV a few times and not impressed.


    But if Spurs signed him he must be good.!!



    A bit like AC Milan and Laxalt

  8. glendalystonsils on

    Losing big players has really soured my mood in the past …. Crerand , Dalglish , Tierney , for example .



    I won’t feel quite the same about Eddy as he is a big player who became a small player latterly .



    Christie likewise .



    Good players undoubtedly , but they will not be bracketed with the first three , nor will their departure put me on a downer .

  9. TURKEYBHOY on 31ST AUGUST 2021 11:57 AM


    ST TAMS,







    Where did I say he was any good?I have only seen him once.No opinion on him.I know he was highly rated in the States.Enough for Spurs to buy him.Thats it.I said maybe we would have a nibble.We might.





    If you want an endorsement on a player,read my views on Lovric.

  10. St Tams,



    If you are not impressed with Lovric,then not much more I can say.35 goals and 18 assists in two seasons,as a Left winger.I did say yesterday,just click onto him,all his goals,assists from past two seasons there.A feast for the eyes.

  11. “ERNIE LYNCH on 31ST AUGUST 2021 11:45 AM


    How much is winning the league worth?”




    What is the going rate for unbridled pleasure?

  12. to play for Celtic you need to be consistent – Christie for all his effort was too unpredictable. He’d go from balanced and sublime to bambi on ice and headless chicken. Not good enough for that position at Celtic.



    Edward is a shadow of the player rogers signed – whether that is covid related, motivation or poor coaching remains to be seen. i just cannot see him doing well in EPL as he is easily bullied and is careless / lazy with the ball. I’m grateful for some great goals he has scored but he’ not up there with the celtic great striker in my eyes!



    Todays headline should read “Give Ange and Celtic fans what has been requested and needed on the football pitch”



    That means we need to bring in more than going out – simple!



    Hoping for a surprise CH

  13. BADA BING!! on 31ST AUGUST 2021 11:44 AM


    Good luck to Eddy and Christie, both played a big part in the 9IAR,The Invincible Season, and the Treble Treble.



    No problems with that,but was Griff not a big part of that success also.No best wishes for him,just GTF.

  14. Paul67,



    Our Asset Management game has been pretty appalling in recent years, seeing the quality of the team diminish in front of our eyes to such an extent we’ve become a plaything for the once-laughable Govan Galacticos.



    Last season’s top scorer gone needs replaced with suitable quality.



    Bit like when the manager uses his own network to source the good un (for Kyogo, see Ajer and Sinclair as examples) we then look a bit haphazard when using our traditional sourcing methods (McCarthy in a fitness-first setup looks a really bad joke).



    Let’s see what the day brings but not feeling confident at 12.11 we’re gonna do enough for the big Aussie.




  15. Eddie doesn’t fit into Ange’s bright young Celtic. Whenever he plays now he’s a reminder of last season’s torpor, at least after Sunday there won’t be a “what if” feeling



    If not selling him last summer was a mistake, then at least we’ve learned from it, it would have been foolish to hope that he would improve on last season when he’d have one eye on where he’d be playing next season



    Selling him earlier in the window would have been better but if there are no offers and he doesn’t want to leave until he has a decent suitor what can be done?



    The rebuild was never going to happen in one window, getting the right players in is more important than getting bodies through the door. This and the next two windows are too important to fudge. The completists will need to be a bit more mindful of where we found ourselves in June 1 and show a bit of patience

  16. Big Georges Fan Club - Hail, Hail, Wee Oscar on

    If Eddie stayed I feel as if we would have had as little out of him this year as last. If we can get £15.5M for him, then that’s good business.



    The Euro10M (plus wages) fee got us his services for four years – that money has washed through the accounts years ago, so the £15.5 (Euro18M) is new cash – not ‘breaking even’.



    Less 40% (if it is that) of the amount greater than the original purchase fee – means we have to give PSG Euro3.2M.



    I make it that we are therefore bringing around £12.7M in new money into the club even AFTER the PSG cut.



    Get a chunk of it spent on a left back, centre back, striker and – for the sake of Turkeybhoy – Lovric!!!!






  17. I hate it when players leave, some more than others: Davie Hay and Lou Macari- painful; Kenny – shattered; Charlie- dear oh dear; Collins- I have not forgiven, we were on our knees; O Liam, don’t listen to them, too late, gone. I don’t feel it as bad now but I still don’t like it. Cheerio, Eddie. What’s that about, Ryan?

  18. TB- Calm down,Griffiths of course made a big contribution, but not in last few years, i fear he will end up like Garry O’Connor…….i wish him well ,on and off the park.

  19. Big Georges Fan Club - Hail, Hail, Wee Oscar on

    And for the avoidance of doubt – I agree re: Lovric – looks a cracker.

  20. Personally,I am not over the moon with this window.Kyogo,Juranovic,yes,I would think star quality.The others,not sure yet,not seen enough.The Greek striker,his goals last season enough to take a small punt on him being same for us.


    Would have been happy with Mc Cann,and of course Lovren.Would have brought in Doig at LB.Mc Cann and Doig,will go onto decent clubs in England.Think we have missed out.




    Good point re actual money coming in.

  22. BGFC @ 12:14 PM,



    Totally agree, we don’t need to deduct the fee for Eddy, just PSG’s bit, we’ve had lots of money in this year, so time to spend.



    We know where we are weakest, let’s strengthen in every which way…



    Hail Hail

  23. Jota is free.


    Lovric is £5m.



    There’s your asset management in practice….




  24. HOT SMOKED on 31ST AUGUST 2021 12:10 PM


    “ERNIE LYNCH on 31ST AUGUST 2021 11:45 AM



    How much is winning the league worth?”





    What is the going rate for unbridled pleasure?






    I think you might be on the wrong site Jim!




  25. PeterLatchfordsBelly on

    Mmm… I make £15M minus £9M = £6M. 40% of £6M = £2.4M. Net £3.6M plus £9M = £12.6M.



    So we have £12.6M available from Edouard sale. Tellingly spun here as “scarcely break even”.



    Downplaying of expectations re Christie income and incoming player numbers also telling. To the extent there is an inference Jota and Giakoumakis are likely but not absolutely certain.



    That’s without taking any account of the hugely reduced wage bill or significant transfer profit already released this year.



    The PLC and their man here can take the fans for idiots as much as they like, but I don’t think Ange will tolerate being taken for an idiot.



    Like those before him, he will know he’s been denied the tools to win this league. You’ve got to wonder why.



    In the final analysis Celtic’s business model relies entirely on the fan base. It generates all income, either directly or by creating “a market” for TV audiences etc. It’s your money they’re holding onto. Making the squad much weaker than it needs to be.



    Unless Dom pulls something unexpected out the hat we will look back on this day as pivotal in our failure to stop the league going to Ibrox again, with access to all that lovely, redeeming ECL money.



    Right, I’m off again before the condescension crew or hard man Martim come for me again.

  26. Every day should be asset management day.


    Today is pull a rabbit (or often a donkey!) out of hat day!



    HH jg

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 20