Celtic tipped for new era of dominance after 'crazy' £40m+ update - pundit
Celtic could enter a new period of dominance in Scotland with the club set for a massive financial boost.
That’s according to former Leeds United stopper Paddy Kenny, speaking exclusively to Football Insider
The Daily Record (4 May), claim Celtic are set to make upwards of £40million from their participation in next season’s Champions League group stage.
The winners of the Scottish Premiership are now guaranteed a place in next season’s group stage after UEFA banned Russian teams from competing in Europe.
The Hoops sit six points clear at the top of the Premiership with three games remaining this season.
Kenny claims this £40million windfall could lead to Celtic pulling further away from Rangers in the coming years.
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“Celtic and Rangers both need that money,” Kenny told Football Insider correspondent Ben Wild.
“We know what the financial situation is like up in Scotland. It’s the same every year.
“A guaranteed place in the group stage is massive. £40million is a crazy amount of money to either club.
“Celtic have also failed to get through the qualifying rounds in recent years and Rangers couldn’t do it this season.
“Europa League is great but the Champions League is far more lucrative.
“So if they get this money, and it looks like they will, that gives them such a boost.
“They can spend more and we know good Ange Postecoglou is with transfers.
“With Rangers’ finances, you would think they couldn’t pay the same, so I think Celtic could pull further away if they get their transfers right.”