Sport
Celtic boast healthy net transfer spend over 10 years with Rangers in red
It won’t come as much of a surprise but Celtic’s transfer income over the last 10 years has left Rangers in their wake.
The Hoops have brought in £33million in profit from player trading as their much talked up model pays dividends, with the Light Blues are actually down £10m. It comes from new data produced by the CIES Football Observatory which followed clubs’ transfer activity over the past 10 years.
Celts have sold on Kieran Tierney and Jota for a joint record £25m in recent seasons and in Tierney’s case that was pure profit after he was produced by the clubs’ own academy. Odsonne Edouard, Moussa Dembele, Josip Juranovic, Virgil van Dijk and Jeremie Frimpong, among others, have been sold on for big profits and they’re still waiting on a sell-on clause on the latter too.
In Rangers’ case, they sold Calvin Bassey on to Ajax as a club record sale having brought him north from Leicester for peanuts and also raked in a mega transfer fee from Nathan Patterson’s move to Everton. Joe Aribo was the only other significant sale in recent years.
That means they’re in a transfer deficit of £10m and Michael Beale’s attempt to revamp the squad last summer is a big factor in that.
Prior to that they were £7m in the black for the past five years, only narrowly behind Celtic, but the net spend last summer changed that.
