Celtic is set to receive a cash boost as a club is about to transfer a player in which the Hoops will receive a sell-on fee for the player.
Celtic always do a good bit of shrewd business. From tacking on sell-on fees, to making sure they get the most for their homegrown players, the Hoops are always positioning themselves well to fill the war chests.
Now, the Scottish Sun reports that Hearts are close to selling Aaron Hickey to Italian-side Bologna for £1.5 million. As a former youth player for Celtic, the club is set to make 30% from the transfer fee as a sell-on fee. That would net £450k for the Parkhead club.
While that type of cash doesn’t really allow the club to bring in an additional player, it will help offset costs of new acquisitions as well as supplement loss of revenue caused by COVID-19. Hickey was on the Hoops’s radar as a potential target to return to the club, but it now seems that he will take his talents to Italy.
This is another example of how Celtic does business their way. They were able to cultivate the talent, receive upfront payment for the player after development and then once again profit due to the sell-on. This is the type of business tactics that allow the Hoops to always remain in the green while doing business.
Now, the club only has to figure out how to use that talent in an efficient manner that will allow them to succeed in European competition.