Celtic manager Neil Lennon expects the collapse of Rangers to hit his club financially but his budget for next season is unaffected by the absence of their Old Firm rivals in the Clydesdale Bank Premier League.

Celtic were among 10 clubs who voted against the Ibrox newco's application to join the SPL, with their future now uncertain. SPL clubs face a shortfall of revenue next term with huge uncertainty if the new Rangers have to start life in the Third Division.

Celtic have consistently insisted they do not need Rangers to flourish but Lennon expects some sort of impact. "Financially and commercially it will bite us a bit but the club has its own financial structure and strategy in place and we'll move ahead regardless," he said.

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