As Celtic prepare for their Europa League clash against Feyenoord, PSV have taught the club a lesson both on and off the park this week.
As the Celtic board failed to invest properly in the first-team this summer, an embarrassing Champions League exit to Kairat Almaty quickly followed.
Added to that, Celtic have also lost to SC Braga and FC Midtjylland in the Europa League as well as struggling domestically in the Scottish Premiership.
Compare and contrast that to PSV Eindhoven, who just humiliated Liverpool 4-1 at Anfield in the Champions League, 67 Hail Hail have decided to compare Celtic’s financial power to that of the Eredivisie club.
And the results are stark.
Benjamin Nygren of Celtic and Celtic manager Brendan Rodgers are seen during the UEFA Champions League Play-offs Round First Leg match between Celtic and Kairat Almaty at Celtic Park
Photo by Ian MacNicol/Getty Images
How Celtic’s finances compare to PSV after Champions League win at Liverpool
The Celtic board have admitted to being frugal with their finances on the off-chance that Champions League football is denied the club on any given season.
So let’s take a look at PSV Eindhoven who, in European terms, are a club that operates relatively in the same realms as Celtic does.
Celtic PSV Eindhoven
Revenue: £143.6m Revenue: £149.9m
Operating Expenses: £117.1m Operating Expenses: £132.42m
Player sales: £31.5m Player sales: £18.42m
Transfer spend: £38.6m Transfer spend: £30.26m
Profit before tax: £45.7m Profit before tax: £6.58m
Profit after tax: £33.9m Profit after tax: £4.82m
Cash in bank: £77.3m Cash in bank: £42m
These figures are taken from PSV’s official website and from Celtic’s latest financial results on the club’s official website.
Celtic are selling the fans short when it comes to European ambition
Looking at how both clubs operate financially, it’s clear that Celtic are not fulfilling their potential to be the best they can be on the continent.
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With roughly the same transfer outlay, PSV have just delivered a football lesson to Liverpool in their own backyard to ensure that their Champions League dream remains intact.
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In fact, the Dutch club have lost just once in the campaign as they sit 15th in the table.
Celtic, on the other hand, are struggling to keep their Europa League campaign alive and a defeat at Feyenoord will make qualification almost impossible.
It’s clear that PSV have their house in order as they compete and hold their own against the cream of European football.
Celtic could do well to learn a lesson here.
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