Celtic enjoyed a successful Champions League campaign last season as UEFA finalise the Glasgow club’s earnings at over £40m.
Brendan Rodgers took Celtic out of the group phase and into a money-spinning play-off tie against Bayern Munich in March last season.
Celtic drew with Bayern in Munich in a heartbreaking 1-1 stalemate that saw Rodgers come within seconds of making Champions League history for the Bhoys.
How much money Celtic earned the SPFL from Champions League heroics.
Will Celtic get a thanks…?
And now, a UEFA document has shared how Celtic banked tens of millions of pounds as the Hoops restored their reputation amongst Europe’s elite clubs.
UEFA confirm Celtic banked £40.3m from Champions League revenue
The Champions League has become critical for Celtic’s business model and revenue from participation in the competition has made the Hoops Scotland’s richest club.
Year on year, the elite UEFA competition raises Celtic’s profile and increases the club’s bank balance as the Bhoys do battle with the likes of Borussia Dortmund and Atalanta.
UEFA reports that Celtic earned €46.2m (£40.3m) from participating in last season’s tournament so it is little wonder that the interim results for the first half of this season have taken a hit.
So how is the prize money broken down? 67 Hail Hail delves further into the report.
Celtic’s £40m Champions League prize fund broken down
Of course, UEFA don’t just hand over a lump £40m sum, there are different nuances and ways Celtic need to earn that cash.
And here is a short summary of how the Bhoys landed the money windfall.
- League Phase Participation: £16.2m
- Value Pillar (Based on Celtic’s individual club coefficient and media market share.): £11.8m
- Performance/Knockout Bonus: £7.6m
- League Ranking Bonus (based on finishing 21st in group phase): £4.7m
- TOTAL UEFA DISTRIBUTION: £40.3m
It is worth noting that these figures do not include ticket sales and matchday income so Celtic’s final combined total will be much, much higher.
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