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But the Celtic manager says rather than spend big in the summer he will try to continue bringing through young talent.

"I 've been happy with the help I've had to bring in players, but my job is also to coach players" said Strachan.

"It's perhaps a blessing that I never had £50m to spend when I came here, or you might never have seen the likes of McGeady or Maloney or McManus."

And Strachan insists he is comfortable with his current spending power.

"There's a lot of gnashing of teeth when he has to make cuts, but I understood that when I came here," he said.

"We were just thinking the other day about the number of players that have come through the youth system."

While the club announced a pre-tax profit of over £10m, the corresponding figure from the previous financial year is down by nearly £8m.

This was mainly because Rangers took a share of Champions League revenue, player sales were down, and the club had two fewer home matches.

However, the club also more than halved its total net debt from £15m to just under £7m.