Speculate to accumulate is a business model that many football club owners have adopted in the past and still do presently, and it’s not the most efficient of ways of achieving success, maybe on the park, but off the park it’s very risky strategy.
Many football clubs have found out the hard way that spending beyond your means can end in disaster, one former club closer to home found that out at a fatal cost. One club in our country currently adopts a similar approach and sails very close to the murky financial waters that sunk many before them.
Nowadays the governing bodies have implemented measures to stop clubs getting out of their depths and gaining an unfair advantage over others by bringing in the much maligned financial fair play system. Basically punishing clubs who spend beyond their means.
Although the rules are quite sketchy and it seems some clubs are allowed more leeway than others, it’s still a threat and something clubs such as Celtic need to tread around carefully. It’s imperative we follow these rules and avoid any financial penalties and other possible punishment that come with such breaches.
Celtic are a well run football club and we have no worries in that department. That’s why we will continue to see big outgoings at our club on a regular basis. We can’t just go on a spending spree. We don’t have the commercial resources to justify such figures. It would be foolish of us to do that, thankfully we are in good hands.
Any war chest Brendan has at his disposal will come from secure resources, ie the Jota money and funds from any other outgoings. It might be frustrating for the supporters that the club don’t spend big amounts on a regular basis, but we need to remember we are restricted to what we spend and do our best to follow the FFP guidelines.
JustAnOrdinaryBhoy – follow on Twitter @ordinarybhoy
