An image of the midfielder boarding a plane on Saturday sparked speculation that the transfer was imminent, yet both clubs have yet to confirm the move. According to our sources, there are no issues with the transfer itself, indicating that it’s a matter of “when,” not “if,” the deal will be finalized.
The delay in official confirmation might be due to Celtic’s process of making a formal announcement via the London Stock Exchange (LSE). As a publicly traded entity, Celtic PLC must notify the LSE of significant financial transactions that could affect shareholder value. This includes major transfer deals, where the financial figures are large enough to impact the market.
Celtic has previously made Stock Exchange announcements regarding significant transfers, such as Moussa Dembélé’s move to Lyon for £22 million and Kieran Tierney’s transfer to Arsenal for £25 million. Both deals were deemed substantial enough to warrant public disclosure, demonstrating the club’s financial strength and activity to investors and the market.
While Celtic can issue such announcements outside of trading hours, they have historically chosen to do so via a formal Stock Exchange letter, aligning with their previous practices.
This could explain the current lack of official communication, as Celtic might be coordinating the timing of the transfer announcement with an official statement to the London Stock Exchange.
The confirmation of O’Riley’s departure seems imminent, and when it happens, it could be accompanied by a formal Stock Exchange notification, highlighting the significance of the deal. For Celtic, the focus will then shift to how they will utilize these funds to enhance their squad.
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