Celtic lost three matches in a week. Nicholson backs O'Neill amid turmoil

Celtic's chief executive, Michael Nicholson, has expressed his support for manager Martin O’Neill following a challenging week for the club. Celtic suffered defeats in two matches against Rangers, one in the League Cup quarter-finals and another in the Scottish Premiership, as well as a loss to Ferencvaros in their Europa League opener. These results have led to considerable disappointment among fans and raised questions about the team's direction.

Following the recent losses, O'Neill indicated he would reflect on his future, suggesting it might be time to step down. Nicholson acknowledged the pain caused by these defeats but emphasised the need for unity within the club. He stated that the focus would now shift to supporting O'Neill and the players in their pursuit of success in domestic competitions and the Europa League.

O'Neill's return to Celtic came last October after a two-decade absence, following the resignation of Brendan Rodgers. His interim role was brief, as he stepped in again after Wilfried Nancy's short-lived tenure. Nicholson highlighted the gratitude owed to O'Neill for his willingness to return and lead the team during difficult times.

Financially, the club reported a post-tax loss of £4.8 million, contrasting sharply with the previous year's profit of £33.9 million. Nicholson noted that the lack of Champions League football, increased wages, and diminished player trading profits contributed to this downturn. Despite the losses, Celtic retains a substantial cash reserve of £66.4 million, prompting questions about their recruitment strategy and ambition in European competitions.

Celtic's struggles in Europe have been significant, with a recent analysis indicating that failing to qualify for the Champions League could cost the club around £40 million. Fans have expressed their frustration, leading to campaigns to boycott merchandise. As the team prepares for upcoming fixtures, the pressure remains on O'Neill and his management team to turn the situation around.

via Sky Sports