Revealed: Celtic land £3.7m windfall plus add-ons
Celtic may still be smarting from their early European exits this season but they have already earned a guaranteed £3.7million from their Euro exploits, Football Insider can reveal.
The Scottish champions have netted that sum from performance-related pay-outs despite failing to make the group stage of the Champions League or the Europa League knockouts.
Uefa’s Europa League distribution data shows that Celtic will earn £2.6million from their group stage allocation and £350,000 for progressing through one Champions League qualification round.
The club lost four of their six group stage matches, but the last-match win over Lille and earlier draw against the same opponents will net them a further £690,000 in total.
Sources have told Football Insider that Scotland’s richest club will earn multi millions to top up the £3.7m.
The add-ons will come from from the Scottish clubs’ share of the TV pool, their Uefa co-efficient ranking as well as commercial and merchandise income.
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Parkhead is usually a 60,000 sell-out for European matches but the pandemic means that revenue stream was eliminated for this season’s campaign.
This season’s European revenues pale in comparison with their Champions League campaigns in Brendan Rodgers’ first two seasons.
They earned the club around £30million apiece and ensured healthy profits across the campaigns.
Celtic announced a drop in turnover and profits in their last set of accounts as Scottish football continues to be gripped by the coronavirus.
For the year ending 30 June 2020, Celtic confirmed that group revenue had dropped by 15.8 per cent from the previous year to £70.2million and profit before taxation was just £100,000 compared to last year’s £11.3m.