Swiss Ramble breaks down Celtic Euro money; coefficient boost over rivals explained
Celtic’s European earnings this season have been broken down by reliable Twitter source Swiss Ramble.
The Hoops managed to qualify for the Europa League group stage before falling into the Europa Conference League, where we were instantly eliminated by Bodo/Glimt.
And Swiss Ramble has broken down their estimation of Celtic’s figures as they explained the £9m revenue total generated by the club:
Celtic were given a coefficient boost by UEFA for where they ranked out of all of the clubs in the Europa League. The Hoops were 7th highest, meaning they received a boost in figures of €3.4m [£2.9m]. This compares to the €0.9m [£770k] for Rangers.
From participation money alone, the Hoops managed to collect €2.1m [£1.8m]. This came after 3 wins in the Europa League groups. Another 300k was racked up due to competing in the Conference League.
Combined with the TV pool and Covid rebate payment, Swiss Ramble believes the total figure comes to €10.5m [£9m].
Celtic receive tidy UEFA sum after first Euro campaign with Ange
The above figures don’t take into account gate receipts and bonuses in commercial deals. For example, Celtic had 2 home sell-outs against Bayer Leverkusen and Real Betis respectively. Money received from sales would’ve added to our final total.
It wasn’t the most memorable campaign for us overall and in truth, we’ll be hoping for a big improvement next season. However, even so, the club still managed to net a fine cash injection from participation.
It shows just how important constant European participation in Europe actually is. It’ll be an even bigger boost to the club next season having qualified for the UEFA Champions League. Celtic will feel a heavy financial reward for that next term.
But in terms of on-field performance, what happened this year on the pitch in Europe never felt as if it was of primary importance. Yes, losing home and away to Bodo/Glimt was a sore one, but it was never the priority for us.
Next year, a stronger showing even at Europe’s top level will be on the cards for the Celtic fans. A victory in the Champions League last season earned clubs as much as €2.7m [£2.3m] [Swiss Ramble]. That shows just how lucrative positive performances can be for the club at the top table.
Even more incentive for Ange and the Bhoys to show up well, not that they’ll need it.