Celtic have the highest player transfer outlay in the last five years, with a spend of just over £35 million, closely followed by Rangers who have spent around £33 million in the same period. Coming in at a poor third is Hearts who spent almost £3 million.
The teams that are making money from selling their players?
Celtic again leading the way with £35,574,000. Rangers have made sales of just over £20 million. Here is where Hibernian really punch above their weight. The Easter Road side have sold just over £16 million of players in five years and Hearts also sold well, £14 million. So the profits for Hibs have been almost £15million and for Hearts £11 million.
Almost every club in the division has turned a modest profit with the wheeling and dealing of player sales. Hibernian's business model is so focused on bringing through youth players and moving them on for healthy fees. It appears that Scottish football is all about the search of young, marketable talent. Celtic’s transfer balance is interesting, given the figures involved, as they seem to spend exactly what they make, reinvesting the money taken from sales into the playing squad. The club transfer policy seems to be to find players with a sell-on value, put them in the metaphorical shop window, sell them on at a profit and then repeat the process with the proceeds.
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