REPORT:celtic and rangers compete for a £300,000 Brighton starThe financial benefit handed to Celtic after Rangers dropped out of the Champions League
Wed 14 August 2024 16:40
Patrick Sinat
As Celtic are set to enjoy European group-stage football next month, Rangers’ Champions League exit last night does have ramifications for Scottish football as a whole.
Scotland’s coefficient is likely to take a hit now that one of the country’s teams has exited a European tournament in the early stages.
Celtic return, Hamish says goodbye and the future of 67 Hail Hail
Before this season kicked off Scotland was ranked 17th in the UEFA club coefficients and now that Rangers are out of the Champions League at the qualification stage, that will certainly affect the rankings for next season.
It will also be a massive hit to the Ibrox club financially but as Rangers lose out on some much-needed funds, Celtic look set to benefit.
Celtic ‘forecast’ to rake in an extra seven-figure Champions League sum
To find out if Celtic could benefit from extra revenue now that the club is Scotland’s only representative in the Champions League, 67 Hail Hail spoke to TBR’s Head of Football Finance and Governance Content, Adam Williams.
Williams said, “With its new format, the Champions League has also moved to a refreshed distribution system.
“There are three pillars through which cash is handed out – starting fees, performance-related add-ons, and the newly-created value pillar, which is the one that makes Rangers’ exit financially relevant to Celtic.
“While the principles behind the starting fees and performance-related sections have remained broadly the same as last season, the value pillar has evolved.
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“To determine how much cash Celtic will receive from this pillar – and how Rangers’ exit will benefit them – you need to know four things.
“1) The club’s country ranking based on its domestic broadcaster’s contribution to overall media revenue.
“2) How the club has performed in UEFA competitions over the last five seasons.
“3) The combination of the country ranking and coefficient ranking.
“4) The club’s ten-year coefficient ranking.
“For UEFA’s purposes, Scottish and English clubs are lumped together as they share the same broadcast deal.
“On the one hand this is beneficial as the UK pays among the most into the TV pot, but the fact that six teams qualify every year means that the cash has to be shared among more clubs than other countries.
“So if one less team qualifies, a chunk of the value pillar is adjusted among five teams rather than six.
“There are a lot intricacies in terms of how exactly the cash is distributed, and we can’t say specific figures until we see the European and non-European TV deals for the 2024-27 Champions League rights cycle.
“It’s hard to say specifically how much Rangers’ exit will benefit Celtic, but I’d forecast that it will be around £1m.
“They will also benefit from having a higher coefficient ranking than Aston Villa among the UK clubs this season.”
A view of the UEFA Champions League trophy ahead of the the UEFA Champions League 2023/24 Group Stage Draw at Grimaldi Forum on August 31, 2023 in …
Photo by Kristian Skeie – UEFA/UEFA via Getty Images
Celtic’s welcome Champions League bonus
In the grand scheme of things, £1m is not a lot of money in football terms but it is better to be in Celtic’s pocket than that of our rivals.
Brendan Rodgers has already benefitted from having direct access to the Champions League money pot after agreeing to a £9.5m deal to bring Adam Idah to the club.
That deal could have been in the balance had Celtic not had access to the lucrative group stages. That proves just how important Champions League football is to the club.
And whilst £1m will be a welcome bonus, it does add to the financial gulf that already separates both Celtic and Rangers at this moment in time.
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