Celtic have been handed a massive £30million-plus cash boost – thanks to arch-rivals Rangers.
The Light Blues’ 3-2 Europa League triumph against Standard Liege at Ibrox on Thursday not only secured them a place in the lucrative knockout stage of the Europa League for the second consecutive season but had a potentially huge spin-off effect.
It cemented Scotland’s hold on 11th place in the Uefa coefficient ranking and enhanced Scotland’s chances of an automatic place in the Champions League group stage.
SCOTLAND COEFFICIENT UPDATE
A win for Rangers tonight was crucial, meaning Scotland holds onto 11th place in the UEFA coefficient ranking – the last position that could earn a direct place in the Champions League for the domestic champions.
— Dale Johnson (@DaleJohnsonESPN) December 3, 2020
As reported by ESPN FC editor Dale Johnson on his personal Twitter account, Scotland has secured 11th position – the last place that could earn a direct place in the Champions League for the domestic champions.
That would be massive for both of Scotland’s elite clubs, both financially and sporting wise.
It would mean avoiding the pitfalls of the qualification stage that has tripped up Celtic in recent times and provide a guaranteed six matches of competition on domestic football’s grandest and highest level stage.
Celtic have failed to reach the Champions League group stage in the last three seasons and had to drop down to the Europa League before Christmas.
Neil Lennon side’s wretched recent run saw them dumped out of the second-string European competition with two matches remaining.
The last time the nine-in-a-row Scottish champions played in the group stages of Europe’s elite competition – in Brendan Rodgers’ second season in charge – they earned £32m.
Celtic face a titanic battle to stop Rangers winning this season’s title after falling 11 points behind their bitter rivals, albeit with two matches in hand.
Celtic’s most recently-published financial results demonstrated once again the club are on a sure financial footing.
For the year ending 30 June 2020, Celtic confirmed a small pre-tax profit of £0.4million from a total turnover of £70.2m.
However, those revenues are around £30m less annually than when they club were competing in the Champions League group stage.