Revealed: Celtic land £3.2m jackpot...& there's more cash heading to Parkhead
Celtic participation in this season’s Europa League has already earned them a guaranteed £3million jackpot, based on Uefa figures obtained by Football Insider.
The Scottish giants will net the sum from competing in Europe’s secondary club competition this season despite their humiliating exit on Thursday night with two matches to spare.
Neil Lennon’s side continued their wretched form in Europe with a 4-1 defeat at Sparta Prague that ensures they will not reach the knockout stages in the new year.
Yet the Celtic hierarchy can draw some comfort from the financial gain of being involved in Group H.
Uefa’s Europa League distribution data shows that Celtic will earn £2.7m from their group stage allocation and a £175,000 bonus for the 2-2 draw against Lille at the end of last month.
The Hoops can bump up their revenues by securing points in their final two group stage matches against AC Milan and Lille.
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It means they will bank £2.9m from participation and results even before top-ups are taken into account.
Celtic will also net £250,000 from Uefa for their Champions League first qualifying round win over KR Reykjavik in August.
The Scottish giants will not benefit from gate receipts at Parkhead as the pandemic continues to bit but there are commercial and merchandise spin-offs from those games.
The £3.2m figure will be further topped up by the Scottish clubs’ share of the TV pool, the sum of which is yet to be confirmed, as well as through Celtic’s Uefa co-efficient ranking.
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.