Don't insult my intelligence. I have detailed accounts of your past 4 trading years to base whatever I say off. You don't think your net transfer spend was inflated a bit by a certain Aiden McGeady?
Whatever you say, your CL revenue ~ transfer spend in the same period. It's an inescapable mathematical fact, you don't make money by not spending it, you save it. There's a difference. A big one. To make money you have to earn money, we're talking AT LEAST 2/7 of your current revenue (which is generous) which is also assuming a good season. What happens if you have ONE bad season? You have nothing to fall back on.
The whole thing's a pack of cards, and Rangers are the glue at the bottom.
I'm not insulting your intelligence mate, but first we were dependant on tv money, then champions league money (and we haven't qualified for the champions league since 2007?) and now its both. Just seems like you dont like Celtic/the SPL and have made your mind up already. Aiden McGeady made up 9/35m we have recieved which is a significant amount, but we obviously wouldn't have spent if we didn't sell him. Emilio Izaguirre, Beram Kayal, Gary Hooper, James Forrest, Ki and Adam Matthews will all potentially be sold for a similar fee. How severe do you think the effect will be to Celtic if Rangers go under? Do you really think we will not survive?