Celtic have hit out at the Scottish Premier League's decision to accept a £65million broadcasting deal with Sky and ESPN.
The 12 top-flight clubs met at Hampden where a vote — which was not unanimous — was taken to accept the deal despite being around half of what the contract with broadcaster Setanta was worth.
The new deal will last until the end of season 2011-12 with the SPL having an option to extend it for two seasons.
Celtic Chairman John Reid said: “Celtic have a responsibility to speak out for our supporters who will be deeply dissatisfied with the background to, and outcome of, (yesterday's) SPL decision and the events leading up to it.
“No-one should underestimate the blow that has been inflicted on this club and Scottish football by the way in which the whole affair has been handled and by the losses incurred.
“Last year's decision to reject the Sky bid and opt for Setanta — arrived at against the strong opposition of Celtic, Rangers and Aberdeen — has proved to be the disastrous misjudgement we indicated it might be, with Setanta now in administration.”
Meanwhile, the Hoops have signed 23-year-old midfielder Landry N'Guemo on a season-long loan from Nancy.