Lennon has suggested that while there is less pressure on Celtic, they don’t have the need to open themselves up to potential debt as they chase the Champions League.
“I think it would be folly of them to go and spend money on the Champions League because they would open themselves up to debt again,” said Lennon.
“They’ve worked really hard and they’re a well run club behind the scenes – they can obviously stand up on their own, but it would be much better and more competitive if there was parity back in the league again.”
Celtic have spent cash in the recent past with £2.3 million spent on Stefan Scepovic and £2 million on Stuart Armstrong, with other undisclosed deals.
They have the finances to go after deals if they want to, but Lennon is spot on to suggest it would be naïve of them to do so in pursuit of an unrealistic aim.
Celtic’s position and strength in terms of their domestic position means they can qualify for the Champions League relatively easily.
If that became more difficult for any reason, there would be a greater justification to spend big and spend frequently.
There’s not a lot wrong with the Celtic project under Ronny Deila at the moment so it would be naïve of the club to do anything at the moment, which would threaten the club’s short and long term position.