Pundit Challenges Narrative Around Celtic Spending

Michael Stewart has hit back at criticism of Celtic’s transfer business, saying the club should be using its strong financial position to invest properly in the squad.

He believes if the money is there, Celtic should be spending it to strengthen key areas.

Michael Stewart Pundit
Soccer Football – Scottish League Cup – Semi Final – Rangers v Aberdeen – Hampden Park, Glasgow, Scotland, Britain – January 15, 2023 Former player Michael Stewart inside the stadium before the match REUTERS/Russell Cheyne

With fans demanding more action and rivals pushing hard in the market, Stewart warned that being too cautious could slow the team down. He pointed out that the club brings in big money from sales and should be putting that straight back into improving the squad.

There’s been plenty of talk about whether Celtic have done enough in recent windows. But Stewart sees it differently, he thinks the club should be using its financial power to stay ahead at home and compete in Europe.

In his view, spending well isn’t optional, it’s vital. When the squad clearly needs quality and the funds are available, Celtic can’t afford to sit on their hands.

He said: (Scottish Football Social Club), “When you’re talking about spending.

“I have heard a lot of people folk talking about, ‘oh, they spent a fair few quid last summer.’ Engels and Idah. By the way, that’s fair enough.

“But what you need to actually look at, and appreciate as well, is the money they make from selling, so it’s actually not a massive net spend.

“You sell Matt O’Riley. You make a fortune. And then you are spending. Okay, but it’s not actually like they are dipping into the reserves. They are making good money.”

Stewart is flipping the argument. Yes, Celtic have spent money, but it’s been done sensibly and there’s still room to do more. He points out that if the club sells someone like Matt O’Riley for big money, that cash should go straight back into the squad, not sit untouched.

With rivals throwing serious money around, Celtic could fall behind if they don’t match that ambition. Stewart says making big profits in the market means nothing if it’s not used to push the team forward.

Soccer Football – UEFA Champions League – Third Qualifying Round – First Leg – Rangers v Viktoria Plzen – Ibrox, Glasgow, Scotland, Britain – August 5, 2025 Rangers’ Djeidi Gassama celebrates scoring their third goal with Rangers’ Oliver Antman REUTERS/Russell Cheyne

That puts the pressure on the board and those in charge of transfers. It’s not just about keeping the books tidy. It’s about knowing when to take advantage of strong finances and make bold moves. Supporters want to see that hunger from the top.

In the end, Stewart’s message is clear. Being careful with money is fine, but when you’ve got the funds, use them to improve the team. That’s how progress is made.

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