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"Reaping what they sow" - Celtic's GBP 4.8m loss and the board fans want gone

The Football Show · 24 September 2026

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Celtic post a GBP 4.8m loss and back Martin O'Neill, Rangers turn their season around under Derek McInnes, Hibs hunt a new manager and Scotland begin a new era under Sebastian Pocognoli. Peter Martin is joined by journalists Hugh MacDonald and Gordon Parks on The Journos.

On Celtic: a GBP 4.8m loss after tax, a swing from around GBP 34m profit a year earlier with revenue down almost 23%, a merchandise boycott and a fanbase in revolt. Gordon Parks says the club are "reaping what they sow", while Hugh MacDonald argues Dermot Desmond "will never be forced to sell" - and that another car crash AGM is coming. Plus the duty-of-care debate over Martin O'Neill's future, and why any change can only come from Desmond or O'Neill himself.

On Rangers: how Derek McInnes dragged the season around, got the board to back his recruitment, and made his signings believe again after a wretched European exit. On Hibs: the manager search, whether Neil Lennon should go back, and the fallout from David Gray's sacking. On Scotland: Pocognoli's new era, the anthem froth, the striker problem, and whether Scotland are better "just being Scottish".

CHAPTERS
00:00 Welcome to The Journos
01:17 The Hibs manager search: the names linked
03:03 Malky Mackay, Neil Lennon and Simo Valakari
04:04 Hibernian recruitment process
05:17 A good Hibs FC squad to inherit
06:23 David Gray's sacking: seven minutes of madness
07:36 Why the Hibs FC manager job is appealing
10:04 Who should be the next Hibs manager?
11:01 Scotland's new era: Pocognoli and the Nations League games
11:37 The national anthem froth
13:59 The striker problem: McBurnie, Bowie, no Dykes or Shankland
16:24 "We were better just being Scottish"
18:14 The back line and the defenders who could emerge
21:44 The midfield, Ben Doak and Josh McPake
25:36 Lennon Miller and the young wingers
27:32 Rangers' turnaround under Derek McInnes
29:35 How McInnes won over the board
31:27 Minsu Kim, Gassama and the signings that clicked
33:48 Composure through the noise, and the games ahead
37:04 The flip side for Celtic: a £4.8m loss
38:27 "Reaping what they sow"
40:06 Dermot Desmond: £400m and the Champions League gap
42:21 The schism: "he'll never be forced to sell"
43:40 What does a Celtic revolt even look like?
46:41 Martin O'Neill's future: duty of care
48:20 Why change can only come from Desmond
51:26 The Tennent's Sixes: line-ups and legends
54:08 Sign-off

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