Credit: Hasan Karim, Breaking Media
Credit: Hasan Karim, Breaking Media

Exclusive: Celtic suffer £9m hit after devastating blow

James Murray

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

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Celtic have missed out on more than £9million following their Champions League exit, sources have told Football Insider. 

The Scottish champions progressed through the revamped league phase of the competition after earning 12 points from their eight group games. 

That set up a clash against Bayern Munich in the knockout round play-offs for a place in the last 16. 

The Bundesliga giants secured a 2-1 victory at Celtic Park in the first leg last week, leaving the Glasgow club’s European hopes hanging by a thread. 

Nicolas Kuhn handed his side a surprise lead on 63 minutes in the second leg on Tuesday (18 February) before an injury-time equaliser from Alphonso Davies ensured it would be Bayern progressing through to the last 16. 

Football Insider revealed on 23 January Celtic landed a guaranteed £38million windfall from the Champions League prior to their clash against the six-time champions of Europe. 

Uefa documents show Brendan Rodgers’s side could have earned a further £9.1million with a victory over Bayern. 

Celtic
(Credit: Imago)

Celtic confirm huge profit after new financial reveal

Celtic’s financial situation has continued to improve in recent years after largely dominating proceedings in Scotland. 

Their latest full-year accounts for 2023-24 showed their overall revenue increased from £119.9million to a new club-record figure of £124.6million.

Celtic’s pre-tax profit increased to £44million in the first half of the 2024-25 financial year despite their revenue falling slightly from £85.2million to £83.5million across the same period. 

Finance expert Stefan Borson told Football Insider Celtic will register another record-breaking season financially following their success in Europe. 

Financial YearCeltic Revenue
2023-24£124.6m
2022-23£119.9m
2021-22£88.2m
2020-21£60.8m
2019-20£70.2m
Celtic's revenue has increased dramatically over the past five years

Celtic have agreed record-breaking summer deal

The Parkhead club’s attention now turns back to the domestic competitions after their Champions League exit. 

A treble-winning season could be on the cards after already securing the Scottish League Cup trophy following their penalty shoot-out victory over Rangers in December. 

Celtic currently sit 13 points clear of their Old Firm rivals at the top of the Scottish Premiership table and are through to the quarter-finals of the Scottish Cup, where they will face Hibernian next month. 

Rodgers’s side made two new additions in the January transfer window after re-signing Jota from Rennes for £8million and Jeffrey Schlupp on loan from Crystal Palace. 

Celtic have already lined up a new signing for the summer after Kieran Tierney has agreed a record-breaking deal ahead of his return to Parkhead. 

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