Dermot Desmond appeared to take a veiled dig at Rangers as he insisted there will never be "a new Celtic"
The Glasgow club's majority shareholder has given a rare interview with the club's in house media as he addressed a range of issues, reports The Daily Record.
And that included the Irish billionaire giving his views on how to prudently handle the club's finances.
He insists that manager Ange Postecoglou has the last word on transfers with the board deciding on the signing budget.
Desmond vowed the spectre of liquidation will never darken the Parkhead door as he seemed to allude to infamous events at Ibrox in 2012.
He told Celtic TV: "The manager of the club over the last 20 years has always decided on the players to bring in. Not the board, not anyone else. Researchers provide information for the manager, the manager the decision, maybe in conjunction with his coaching staff, he makes the ultimate decision, he is the chairman of the board.
"Ange is the Chairman of the Board of Celtic, he is the person that signs the players, he is the person that takes the brickbats and takes the credits. That is the recruitment, it is not the board that decides yes or no. What the board does do it will set out the budget that we can afford so that we can be financially prudent in the way that we run the club.
"We do not want the club to get into a financial state where the club goes into liquidation and there is going to be a new Celtic. We want our history to be continuous, not to be curtailed through financial mismanagement."
Get the latest sports headlines straight to your inbox by signing up for free email alerts
