By Dr Dan Plumley

7th Nov, 2022 | 11:32am

Finance guru: Celtic calamity leads to £20m payout as 'bonus payments' analysed

Celtic have earned around £20million from their disastrous Champions League campaign this term.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider after the Hoops’ concluded their European season at the Bernabeu last Wednesday (2 November).

Ange Postecoglou’s side, who were already consigned to finishing in last place in Group F before kick-off, were trounced 5-1 by Real Madrid.

They finished the group with two points out of a possible 18 and with a goal difference of minus 11.

As quoted by The Scotsman on Monday (7 November), Postecoglou claimed: “There’s obviously a massive [financial] gap to the big clubs but there’s nothing to suggest we can’t be a strong club at that level.”

Plumley ran the numbers and calculated just how much the Glasgow giants pocketed from their exploits in Europe.

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“It’s a rough estimate but I’d put it around £20m,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

You get the group participation fee is €15.6m. They will have also got €1.8m for the two draws they got in terms of bonus payments for on-pitch performance.

“Then there’s an estimated €3.4m from the coefficient ranking pool. That gets you to about €20m.

You can probably add on about £1.5m for the three games from a matchday point of view. So, I think £20m is a good estimate.

That doesn’t take into account the TV market pool, but you would expect the Scottish teams to be quite low down on that ranking because it’s based on the value of the domestic TV deal.

So, there will be a little bit more to come from that. So, all told, I think £20m is a good estimate.

In other news, Frank McAvennie suggests when Giorgios Giakoumakis could quit Celtic after Sky’s update.