Celtic on track for over £17m after ‘huge’ development

0

Celtic are guaranteed a £17m windfall if they win the Scottish Premiership and secure automatic Champions League qualification.

So says finance expert Dr. Dan Plumley, speaking exclusively to Football Insider after Celtic took a giant step towards the title yesterday (April 3).

Ange Postecoglou’s side beat Rangers 2-1 at Ibrox to open a six-point gap at the top of the table with just six games of the season remaining.

UEFA’s Scottish coefficient guarantees this year’s champions automatic qualification for the group stages rather than the playoffs.

The coefficient system was one of many topics discussed at the European Club Association’s General Assembly in Vienna last week.

According to The Athletic, on Monday April 4, ECA chief Nasser Al-Khelaifi promises even bigger revenue from a restart of the Champions League format after 2024.

Plumley explains that Celtic would clinch a £17million payment before their European campaign in the traditional format in 2022-23 is even underway.

“It’s huge, of course” the Sheffield Hallam University expert said Football Insiderit’s Adam Williams.

“The starting fee for the Europa League group stages, you are guaranteed £3.4m.

“If you get to the Champions League group stages you get at least £14m, maybe even £17m.

“In terms of processing, it’s a huge increase in revenue. Looks like they are the ones who will end up at the top of the pile.

“That’s why this title was even more important than the other years, no doubt. Europa’s leap to the Champions League is so big.

The winners of this year’s title race would see their coffers further bloated with top-ups tied to performance in the Champions League.

Celtic have not featured in the group stages of Europe’s premier club competition since 2017-18.

In other news, Celtic have opened talks with Gavin Strachan over a new contract.

Finance guru: Liverpool set to pocket over £10m as deal struck Premier League chiefs will love

Share.

Comments are closed.