Andy Walker has delivered a damning verdict on Celtic after his former club crashed out of Europe last night.
Brendan Rodgers' side lost out to Lazio in the Champions League in Rome yesterday and as a result, they will have no European football beyond Christmas.
Celtic have picked up just one point from their five group stage matches so far and Walker can't see them improving any time soon, due to the transfer policy in place.
Speaking on the Go Radio Football Show, he explained: "The idea of Celtic going out to spend £10million on a player, I just can't see them doing it.
"I honestly think they would regard it as a false economy. It would be one or maybe two players on exorbitant wages and it might not work out.
"You look at some of the other teams in the Champions League spending hundreds of millions and not really getting anywhere.
"Celtic I think are a club modelled on trying to be dominant domestically but as far as the Champions League is concerned, I mean you look at the record. It's woeful and a wee bit embarrassing.
"You don't see it getting much better any time soon. Brendan Rodgers will take a bit of time to put his own stamp on this team and I am sure he will look to do it as quickly as this window where he is looking to add a bit more quality."
On the transfer policy and how it is tailored to dominance domestically, Walker added: "Celtic got huge money for Jota but maybe didn't reinvest at the level supporters were hoping for.
"I can see Celtic spending £5m or £6m on a player, maybe even two players.
"I just don't see them spending £9 or £10m on any one player.
"I think the idea from everyone else at the club is we can be dominant without these two players so they are just wanting to remain successful domestically and maybe the ambition to do better in Europe is not there."
