Celtic masterstroke as transfer clause comes to light

Celtic are in a position to actually turn a profit off a player who has not lived up to expectations since joining the Scottish Champions.

Celtic and their executive director Peter Lawwell have long been known to conduct shrewd and sometimes aggressive business. That has led to the club being one of the most financially stable and profitable (relatively) in the sport. This has only been highlighted further as many clubs are enduring the economic hardships brought on by COVID-19.

That good bit of business has once again revelaed itself in a new deal that has come to light. Jack Hendry, who’s career at Celtic has been lackluster, was just sent back out on loan to Belgian-side Oostende. While that in itself is not the shrewd business move, it is what lies after the loan stint is up.

Hendry was brought in from Dundee United for £1.5 million and hasn’t quite worked out. Now, according to Oostende on their website, the Belgian-side has the opportunity to purchase Hendry at the end of the loan for about £1.75 million. That would net nearly £250k in profit for the Hoops.

In times like these, where revenue can be hard to come by, every little bit counts. Turning a profit, even a slight one, off of a failed project is just another reason why Peter Lawwell continues to prove he is one of the best in the business when it comes to managing money and profit. There is little surprise why Celtic continues to be the best in Scotland.