By Wayne Veysey

17th Apr, 2018 | 5:50pm

Celtic land stunning £27.7m windfall - confirmed

By Richard Parks

Celtic’s participation in this season’s Champions League has earned them £28million, according to confirmed Uefa figures.

Football finance expert Swiss Ramble has crunched the numbers for the Scottish giants as well as each of England’s five Premier League clubs as a result of their Champions League participation in 2017-18.

In a series of Twitter messages on Tuesday morning, the respected blogger reported that Celtic’s participation in the group stage of Europe’s elite competition has netted them 32million euros (£27.7million).

Celtic got eliminated at the group stage after failing to progress in the face of competition from European giants Paris Saint-Germain and Bayern Munich.

But they finished third to secure a place in the Europa League knockout stages, with their participation ending at the last-32 stage following defeat to Zenit St Petersburg.

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Celtic have earned 12.7million euros for participation in the Champions League, prize money of 3.6million euros and 15.4million euros from their share of the TV pool.

Swiss Ramble’s figures are compiled from official Uefa Champions League distribution data.

Football Insider verdict:

Given that Celtic earned a total revenue of £90million for the year ending June 2017, participation in the Champions League represents a third of their annual income and is crucial to their business model. The onus will be on the team to once again navigate the qualification phase in July and August to ensure they are in the lucrative group stage when the competition proper gets underway in September. As the club close in on a second consecutive treble, supporters will be keen for such strong numbers, coupled with the £6.9million pre-tax profit posted last year, to be followed by an ambitious recruitment policy in the forthcoming transfer window. The club held tight in January and might need to spend big in the summer, especially as the futures of a handful of key attackers are in major doubt.

In other Celtic news, a £3.4million-valued Hoops player is ready to quit the club because of the arrival of Charly Musonda.

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