The Scottish champions cash in as part of Europe’s premier competition.
Martin O’Neill believes Celtic will advance in the Champions League.
That would result in another UEFA reward for the Scottish Premiership champions as Europe’s elite league is revamped. Brendan Rodgers’ Celtics kicked off the season with a victory over Slovan Bratislava in Glasgow’s east end. However, their European credentials will be tested next against Borussia Dortmund.
O’Neill, who guided Celtic to the UEFA Cup Final in 2003, believes the new structure provides an excellent opportunity for the club to advance in Europe. He told the Daily Mail that he thought the previous structure was tired. I’m really tired. Even the larger teams didn’t care much about the early matches because they knew they’d finish first or second anyway. So this new system is getting better and, believe it or not, it gives teams like Celtic a chance.
“You may maybe only win your home games, and Celtic had a tremendous victory over Bratislava. There is no doubt that some of these away games will be tough, as one would expect.
“But I don’t think Dortmund is as strong as they were when Erling Haaland was with them a few years ago.” And, if you’re looking for a comprehensive scenario rather than a prediction for the upcoming game, I believe Celtic can make the playoffs. And that would be amazing!”
That would bring Celtic’s total European earnings this season to £40 million, with Rodgers’ side receiving £15.7 million only for making it to the group stage. This is before any performance-related payments are made depending on the final overall standings.
The initial value of each share will be £236K, with the lowest-ranked team receiving one share, but this will increase as you go through the 36-team table (£236K x 36 = £8.4m). Celtic are expected to secure a play-off spot by finishing in the top 24 and might get a sizable portion of the prize money.
The Champions League overhaul also created two pillars to disperse the remaining wealth. The first option is worth £540 million, accounting for 75% of the overall share, based on the individual leagues’ media markets and a modified five-year coefficient.
The second component is the non-European part, which includes the previous 10-year coefficient at a cost of £179 million and accounts for the remaining 25% of the distribution. Even if Celtic finished in the lowest third of the European pillar and non-European element, they would still receive £6 million.
Read more at: https://sportupdates.co.uk
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