Adventure Banks for the Celtic Champions League Seven Premier League teams £1.6 million raise; only Rangers lose out on a significant payday

Due to the Hoops’ experimentation with the new model, seven elite teams will earn £1.6 million this season.

Seven Premiership teams stand to gain a substantial £1.6 million each from Celtic’s Champions League journey, with rival Rangers being the only team not to benefit greatly.

With a decisive 5-1 victory over Slovan Bratislava, the Hoops opened the 2024–25 season in the brand-new League Phase, raising expectations for a much-anticipated extended run in the competition under Brendan Rodgers. Celtic has qualified for the competition proper for the third year in a row, which has greatly improved their own financial situation. However, the other Premiership clubs that haven’t participated in Europe’s top division benefit from this as well.

According to the Daily Mail, UEFA will distribute £650,000 to the nine clubs that did not participate in European group stage football in 2023–2024—Dundee, Hearts, Hibs, Kilmarnock, Livingston, Motherwell, Ross County, St Johnstone, and St Mirren—as a way to lessen the blow of missing out and distribute the funds. This is part of Celtic’s qualification for the Champions League last season.

Remarkably, though, it has been observed that seven of those teams specifically stand to gain from a recent modification to the payout schedule. According to reports, the governing board has confirmed that the solidarity payments for this season will be moved up to March and June of 2025. Dundee, Hibs, Kilmarnock, Motherwell, Ross County, St Johnstone, and St Mirren will each get £1.6 million in UEFA solidarity payments before the season ends since the new model is expected to be considerably more lucrative.

This is due to the fact that the seven teams will compete in the Premiership this year rather than taking part in a UEFA competition’s League Phase. Livingston and Hearts, who will begin their Conference League season on October 3 against Dinamo Minsk, will get a purse of £650,000 apiece.

Aberdeen will get over £1 million in the meanwhile, as they were not eligible for the £650,000 solidarity payment for the previous season because they were in the Conference League in 2023–2024. Since Dundee United did not compete in the Premiership the previous season, they will receive a comparable payout.

Read more at;https://sportupdates.co.uk

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