Celtic and Rangers land SPFL rivals bumper Champions League payment

SPFL rivals Celtic and Rangers receive hefty Champions League payments.

Scottish Premiership clubs are set to receive a bumper Champions League payment following Celtic and Rangers’ involvement in the group stage of the tournament.

UEFA’s tournament will land top-flight SPFL sides, who were not involved in Europe’s elite competition, £1.1million – a rise of 80 per cent due to fresh terms of the new-look format.

The Daily Mail reports that Hibs, Aberdeen, Kilmarnock, Livingston, Motherwell, Ross County, St Johnstone, St Mirren and relegated Dundee United will all pick up £650,000 in tax-free cash following Celtic and Rangers’ group stage involvement.

The report goes on to state that Hearts do not receive payout – which is up from £340,000 from the previous year – because of their involvement in the group stage of the Uefa Conference League.

Aberdeen did land the fee but they will not be eligible for payment next season.

The Champions League earnings from this year will jump again the next season, with the Scottish

Premiership winners expected to take home about £30 million from the revamped competition.

The report continues by saying that Hearts’ participation in the Uefa Conference League group stage results in them not receiving payment, which is an increase from £340,000 from the previous year.

Although Aberdeen received the money, they won’t be paid for the upcoming campaign.

The financial benefits of this year’s Champions League will surge again next season, with the Scottish.

Read more on sportupdates.co.uk

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