Sport The £60m Celtic transfer war chest new manager could be granted as contract situations set to bring big profits
Celtic chief Peter Lawwell hails Scott Brown's 14 years of service
Celtic chief executive Peter Lawwell hailed him as the most influential figure in Scottish football during that time. A legend. Lawwell made it clear the Parkhead club had not wanted to lose Brown. His qualities as a player and a person were extolled to the maximum. © Provided by Daily Mail Scott Brown (midfield) is preparing to bring 14 years at Celtic to a close during the summer © Provided by Daily Mail Brown (third) joined Celtic in 2007 and he has gone on to win 10 Scottish Premiership titles Those words were sincere and would have struck a chord with many Celtic supporters.
It's already guaranteed to be a summer of change at, following the botched bid for 10 In A Row.
CEO Peter Lawwell will depart, to be replaced by Dominic McKay, with a new manager and sporting director also set to arrive.
The top target for the dugout is, with Richard Hughes potentially coming in to work as director of football.
Whoever arrives will have a lot of work to do with the squad, with five big names having just one year remaining on their deals.
While that could see the stars leave and lower a potential transfer fee, there is actually an advantage for Celtic in this situation.
While fans love to talk about net spend, the way transfers are accounted for is different for purchases and sales.
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When a player is sold, the fee received goes straight on to the accounts. So if a club sells a player for £10m, that will be reflected on the accounts as £10m of earnings.
On the other hand, when a player is bought they are booked as an asset and the fee paid is broken down over the length of the contract in a process known as amortisation.
In this example a player who is bought for £10m on a five year contract sees his value amortise by £2m per season.
If we imagine that the player is sold on again for £10m the following summer, that would represent a £2m profit for the selling club as his value as an asset is only £8m.
So while a player with only a year left on his contract won't fetch as big a transfer fee, his value on the club's books is also at its lowest.
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Therefore if you can buy low and sell high in the final year it goes down as an even bigger profit.
Record Sport has taken a look at the five Celtic stars who are out of contract in 2022, the price the club could hope to get, and what kind of sums they could add to the transfer war chest.
is currently on loan at Marseille with an option to buy but it looks unlikely the French giants will take up that option.
The buyout clause in his contract has been pegged at €5million (£4.3m) by RMC Sport so it's fair to assume that's the kind of fee Celtic will be looking for from another club in the summer.
While that's around what Celtic paid for him, amortisation means it would still go down as a profit on the books.
Broken down over a five-year contract, with one year remaining, his value on the books would come in at around £900k and give the club £3.4m of pure profit.
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Celtic made a huge howler by failing to sign John McGinn when he was a Hibs player.The enigmatic Scott Brown is set to depart this summer while Olivier Ntcham’s season has been a total disaster.
Another who looks certain to move on in the summer is rising defensive star.
The Norwegian international changed agents last summer and has been linked with Newcastle United and Leicester City.
Ajer has also been heavily linked with Milan and Gazzetta dello Sport reported in January that the Serie A heavyweights had been quoted a fee of €30m (£26m).
Even if we assume negotiation could lead to a potentially lower fee in the summer, Celtic would surely be asking for something in the region of £20m.
Signed for just £650k in 2016, with a year on his contract and a book value of around £100k that would basically all go straight into the Parkhead coffers.
Former club IK Start are due 10 per cent of any fee but Celtic would still be looking at £18m-plus going into the war chest.
Previously valued at around £40m by the club, with a year on his contract and the financial impact of the pandemic that fee will clearly be lower.
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Edouard is a top talent though and it's been reported that Celtic won't do business for less than £25m.
Arsenal, Milan and Leicester City are all believed to be keen.
Signed for a reported £9m in 2018, the Frenchman would have a book value of around £2.25m.
However, there is also the issue of a reported higher than normal sell-on fee for Paris Saint-Germain.
That's been put at 25-30 per cent, and if we take the lower number and a £25m fee that would be £6.25m going to the French side.
That would still leave a cool £16.3m in profit though, further bolstering the financial position.
Christie is another player whose deal is up in 2022 and the Scotland international may fancy testing himself in the Premier League.
Website Transfermarkt puts his value at just over £8m and selling for that kind of fee would once again generate a big profit.
Having been signed for just £500k in 2015 his value on the books would be just £70k.
As a result even an £8m fee would be essentially pure profit.
Griffiths signed a new contract in 2018, with Celtic.
However, it has been reported that the final year of that deal is an option and Griffiths could leave on a free in the summer.
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In that case his book value would be zero, while if Celtic released him a year early they'd take a £125,000 hit.
However, it's been reported that they'd save around £1million in wages.
Last summer Celtic spent around £15m on players while keeping hold of their stars.
With owner Dermot Desmond desperate to recapture the title from Rangers we can assume that at least that amount will be available.
Celtic may not sell all the players who are out of contract in 2022, and even if they did there's no guarantee the prices that have been quoted would be what they receive.
If they did though it would add close to £46m in profit, leaving up to £61m in total.
While there's no guarantee a new manager would get all of that to work with, it shows that Celtic have plenty of room for manoeuvre in the transfer market.
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