So today, even as we laugh at the shenanigans across the city and the goings-on in La-La Land, where they are doing their level best to push forward in their efforts to get the son of Carlo Ancelotti to come and manage their club, Celtic continues to do what Celtic does.
And in the background, a very interesting development is happening somewhere else which might—just might—help our club out quite significantly in the transfer market over the summer.
The news that Trent Alexander-Arnold is on his way to Real Madrid has opened the door for Jeremie Frimpong to finally make his big-money move away from Bayer Leverkusen. Word is that he’s attracting interest from Liverpool, but there are a couple of other clubs sniffing around too. It does seem as if this is the summer—finally—and we’ve been hearing this for a few years now, that he’s going to make the move.
Depending on the transfer fee, this could net Celtic somewhere in excess of £6 million. If we can also shift a couple of fringe players out the door, it’s not hard to see how you’d accumulate quite a nice transfer budget for the manager without having to part with a key player.
Celtic has plenty of money to spend. As I’ve said on repeated occasions, whatever transfer budget Brendan came in with in his first window—and in that first summer—he didn’t spend it. We posted a profit, a transfer trading surplus, at the end of that campaign. So there was no real money spent on transfers in terms of what went out as opposed to what came in.
Although last season’s spending was substantial—in fact, as I’ve said numerous times, we spent more than Leeds United did as they tried to get to the Premier League—almost all of it was brought in first, with the sale of Matt O’Riley. For the second year running, Rodgers did not spend any of the budget that was set aside for him.
That’s why I think the manager should have a certain amount of leeway this season to spend money—because he hasn’t really done it in the previous two. This has contributed to the club making massive profits. And while none of us objects to that, we do object to the fact that much of that money has gone back out of the club to pay HMRC. That is a shocking sign of inefficiency.
It’s not as if there aren’t areas of the club that need improvement. It’s not as if there aren’t areas of the team that need strengthening—a situation that got worse when we sold Kyogo and didn’t replace him, and brought in Jota, who’s now injured and won’t play for the bulk of next season. There’s clearly a lot of work to do.
But interesting little developments like this give you hope—and remind you that our transfer policy is actually pretty good, and that our transfer record has actually been pretty stellar. The club across the city must view developments like this with despair, especially when their accounts showed that they brought in a grand total of £800,000 last season from the sales of about five or six players.
This £6–7 million Frimpong sell-on clause is probably more money from a single deal than they’ll get from all their summer transfer sales combined.
And that is extraordinary to consider. It’s a clear sign of what they’re up against—a Celtic juggernaut that just doesn’t stop. A Celtic operation which continues to generate good returns. I mean, we already had a substantial transfer windfall from Frimpong—a guy we got for virtually nothing and sold for a fortune.
That we might be about to turn the trick again and get even more money for him is extraordinary. But it’s a triumph—for Celtic, and how we go about our business. It’s a sure sign that we are clear-eyed and know what we’re doing.
Hopefully this money will go straight into the transfer kitty—if the deal happens. Hopefully Rodgers will get every penny of it, and he’s entitled to expect every penny of it. We could do a lot worse than use this money—this unexpected windfall—to tie him up on a long-term deal, and to do the same for guys like Maeda and Hatate, who the manager wants to keep at the club.
What’s very clear here is that Celtic is in a very good and a very strong place. I still expect that some of the fringe players—like Lagerbielke and Palma—will also leave and net us a decent return. Maybe we won’t make big profits on them, but we’ll at least get our money back. And that’s money we never missed. Whatever we bring in for these guys goes straight into the transfer pot.
All in all, a big deal for Frimpong would be very good news for us. And that, coupled with another couple of sales from within the current squad, should give us a good foundation for the fighting fund Rodgers will get to spend.
Across the city, they can only look on with envy, despair, and frustration. But hey—they might soon have a famous name in the dugout. So there’s that, after all.
Yes, it would be a wonderful bonus windfall for Celtic, let’s hope the deal gets done.
Good thing about sell on clause is you get the money all at once unlike transfers. Fringpong was a fab talent we should be looking at that English young fringe player market more.
We’ve been talking about this Frimpong money for years, it looks most likely now but I’ll believe it when it happens. Man City, Arsenal, Liverpool and Chelsea academies are well worth keeping tabs on, the quality of players that don’t make there is very high though it might be hard to convince the London kids to move up north.
Surely the question is why was he allowed to go? I thought he was great and even Lennon thought he was good.
Despite all the hype and the Hoopla. The appointment of Conte, Gerrard or Walter H Smith himself. We are going to be stronger next season. Tierney coming back will be huge for us. We will likely bring in a couple of players, a striker and a centre back. Engels wil have hopefully developed. Idah will hopefully develop. The sky is the limit for this team next year. We competed jn the champions league and despite a qualifier, I expect us to get there again.
What they do is irrelevant. They are miles behind and fading away.
Kerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnng ! Money Money Money Celtic !!!!
If Celtic are offered a combined fee for Hatate and Maeda for about 25-30 m they will take it.
Hopefully they would spend this plus Frimpong and fringe players money a total of about 40m on new signings.
We’ve got money, £25m for Maeda and Hatate? If you mean combined then that’s insane, if you mean each then I’m still apprehensive. Maeda is the best player in the world and Hatate isn’t too far behind. We don’t need the money so no cheap sales.
Good to see you give some credit to the board in their dealings in the transfer market James and have shown some balance towards them.
Is anyone honesty missing Kyogo now and we’re £10m better off for it and have a better striker up front too.
£25/30m is an absolute joke as a combined fee for Hatate and Daizen both of whom are better than Matt O’Riley and Kyogo. We need to keep both of them at the club if we truly want to keep a strong foundation for the CL assault next season.
I do hope that the board back Brendan with considerable funds to strengthen and fill the gaps we all know are in the team and squad.
When I listen to Brendan I often wonder if he sees the same deficiencies as I do particularly at CB and CDM. An elite manager would have by now.
I’m not convinced that he does with regular chat focussed on another winger or two and another striker.
That’s my big concern for the summer along with keeping our Japanese contingent in RH and DM of course.