I am going for good: Celtic players will be joining one of the best club in EnglandThe 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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