Kieran Maguire: Celtic could now smash £100m SPFL record - 'They'll be joyous in the boardroom'
Celtic have the chance to beat their own SPFL record and generate over £100million in revenue in 2022-23.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the “transformational” power of the Champions League.
As reported by BBC Sport on Wednesday (4 May), Uefa has banned Russian clubs from competing in its competitions in response to the war in Ukraine.
The winners of this season’s Scottish Premiership will therefore be guaranteed entry into the Champions League group stage in 2022-23.
Celtic have previously had to go through the play-off rounds to gain entry and were knocked out by Midtjylland at that stage earlier this term.
Ange Postecoglou’s side recovered from those early teething problems and are now nine points clear of Rangers in the Scottish Premiership title race.
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And Maguire claims that they could go on to beat the record they set in 2018 and earn north of £100m next season.
“Celtic are the only club in the history of Scottish football to generate more than £100m in a single season,” he told Football Insider‘s Adam Williams.
“That came in 2018 when they were in the Champions League. It is transformational.
“Last year, they generated £60m worth of income. I expect that to go up because they will have a full season of matchday in 2021-22.
“For every £1 in the Europa League, you get £5 in the Champions League. Celtic will be joyous in the boardroom with this news.”
Celtic beat Hearts 4-1 on Saturday to all but confirm their status as champions.
They face Dundee United and Motherwell in their final two matches this season.