Celtic’s prize money revealed after Europa League exit, ‘this will affect the budget’

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Celtic’s budgets are set to be affected after receiving less than half of the prize money from their Europa League campaign, compared to what they would have earned from a run in the Champions League.

The Hoops were knocked out of the competition despite beating Stuttgart 1-0 on Thursday after losing the first leg a week earlier 4-1.

Champions League money is a different kind of beast, so there was always going to be a reduction in prize money, but finance expert Adam Williams has said that the Hoops will see less than 50 per cent of the £40m they accumulated last season.

• READ MORE: Three things you may have missed from Celtic’s win vs Stuttgart

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Celtic’s Europa League prize money revealed

Williams has told 67 Hail Hail, Celtic have pocketed around £15m in prize money from their run to the play-off stages of the Europa League this season.

That doesn’t take into account the revenue made from ticket sales, which he estimates has brought the total figure up to roughly £25m.

Compare that to last season, when everything added together equated to closer to the £60m mark, it is a huge drop-off and one that the Hoops will have to budget accordingly for.

He said: “In terms of pure revenue, you’re looking at £25m. In the Champions League, it’s double that, even in a really bad year. And it could be significantly higher still.

“Scotland will also only have one Champions League place going forward. So, unless the coefficient improves, there is a danger of huge revenue shocks from season to season. Celtic have ample cash reserves to be able to ride that out, but it will affect the budget.”

Since Scotland will only have one Champions League place from next season, managing those budgets will be key and getting recruitment spot on will be more important than ever.