Kieran Maguire makes remarkable £332m Celtic-Rangers claim as new figures revealed for first time
Celtic have thrown away a remarkable £332million advantage over Rangers since 2012 – and that will be exacerbated by their costly Champions League exit.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider after the Hoops’ 3-2 aggregate defeat to FC Midtjylland.
The 2-1 extra-time defeat to the Danish champions in the second leg on 28th July means Celtic drop into the Europa League play-offs.
Celtic have now failed to qualify for the group stages of Europe’s premier competition since the 2017-18 campaign.
Rangers meanwhile remain in the hunt for Champions League football and will play Malmo in the first leg of the third qualifying round on 3rd August.
Maguire blasted Celtic chiefs for their “arrogance and complacency” in letting a huge headstart over their arch-rivals slip through their fingers.
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He told Football Insider correspondent Adam Williams the latest on the ew figures he has calculated and what they mean: “Not qualifying for the Champions League is going to hit them realistically by £25m.
“Champions League is also beneficial for your Uefa coefficient, which can be massive as far as seeding and European income are concerned.
“It’s indicative of how much that club has thrown away through arrogance and complacency.
“Since 2012 when Rangers had to start again in the lowest tier of Scottish football, Celtic made £332m in revenue more than Rangers. What have they got to show for it in 2021?“
Ange Postecoglou will oversee his first competitive domestic match against Hearts tomorrow.
Rangers meanwhile face Livingston at home in their season opener.