Celtic will collect a final prize money amount worth more than £2m from the SPFL this week as invoices and payments are processed for the 2019/20 season, The Daily Record reports.
As we know, the Hoops were declared champions on Monday and it appears it hasn’t taken long for the league body to begin depositing final payments into clubs’ bank accounts, despite concern surrounding a potential legal bid from Hearts to freeze the amounts held by the SPFL.
A top-flight club source told the paper: “There was a concern among some of the clubs that, when Hearts talked about going down a legal route, they might attempt to put a freeze on this money and that would have had incredibly serious consequences for a number of top flight clubs. But it seems across the board the invoices have gone in and the money is being paid out.
“Hopefully, this is a sign that the civil war in Scottish football might be coming to an end and all clubs can now pull together to safeguard the future of the professional game in this country because there is so much hard work and serious talking still to be done just to get next season up and running.”
Hearts have apparently chosen not to go down that route, with the Tynecastle club due to receive around £100,000 themselves, say The Record.
It’s thought that owner Ann Budge is still drawing up further reconstruction plans that can be presented for yet another league-wide vote.
No doubt there are more dramatic days ahead for Scottish football but clubs receiving this much-needed cash is positive news.
Celtic have made no secret of the fact that the club are impacted by the ongoing public health crisis, confirming that the government furlough scheme had been utilised to help with behind-the-scenes staff costs.
The club also made public that senior club officials, coaching staff and players had volunteered to defer a portion of their wages.
Thankfully the club remains optimistic about its ‘strong financial position’, updating the stock exchange this week to that effect.
Excellent though that the achievements of the team have boosted the Hoops’ bank account to the tune of a further £2m this week.