Celtic players will miss out on lucrative European bonuses on the back of their calamitous campaign.

That is according to finance wiz and new Football Insider columnist Kieran Maguire, speaking with the Europa League knockout stage less than two weeks away.

Celtic will not be there after finishing rock-bottom of their group, winning just one match in six attempts against AC Milan, Lille and Sparta Prague.

Maguire explained that European progress has a major bearing on performance-related bonuses at Celtic and the players will be hit hard in the pocket this year.

He told Football Insider correspondent Adam Williams: “Wages are never broken down into individual components but bonuses do come under wages in public documentation.

“If we take a look at the Celtic wage bill then we can see that it certainly increased substantially in those years when they’ve made progress in Europe.

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“I think they will be heavily incentivised to get into Europe because the SPFL television deal is not particularly lucrative.

“But once you get into Europe, and the Champions League especially, you get part of the BT deal. They’ve done very poorly in Europe this year and that means they’ll also suffer in terms of win and draw bonuses, which are paid out by UEFA.

“They are heavily incentivised to make progress in Europe and therefore those payments won’t be made on A) the progression basis and B) the individual match basis.

“If we take a look at what happened to pay in 2017 when they did qualify for the group stages of the Champions League, the wage bill rose by 50%. That gives you an indication as to the benefits to the club.”

Celtic’s accounts showed a pre-tax profit of just £100,000 in the 2019-20 financial year, a 15.8% decrease on the previous annum.

The 2020-21 campaign will be the first season since 2017-18 that the Hoops have failed to qualify for the knockout rounds in the Europa League.

In other news, a top pundit has suggested that dressing room unrest may make it difficult for Jonjoe Kenny to settle in at Parkehead.