Celtic's defeat to Kairat Almaty in the Champions League playoffs last night has negative financial implications for the club.
Had they qualified for European football's elite competition, the Parkhead side would have been guaranteed a £20million prize pot, as well as additional money from television and performance-based payments.
They will now compete in the Europa League, though, where they will be guaranteed a fixed starting fee of just €4.31m for participation.
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Additionally, Celtic will receive performance-based bonuses, totalling €450,000 per win and €150,000 for a draw, compared to €2.1m per win and €700,000 for a draw that the Champions League provides.
The Europa League also gives further payments...
Finish in the top eight of the league phase: €600,000 Finished between ninth and 16th in the league phase: €300,000 Knockout round playoff: €300,000 Round of 16: €1.75m Quarter-finals: €2.5m Semi-finals: €4.5m Final: €7m
Compare those fees, however, to those from the Champions League, and a stark difference is evident...
Finish in the top eight of the league phase: €2m Finished between ninth and 16th in the league phase: €1m Knockout round play-offs: €1m Round of 16: €11m Quarter-finals: €12.5m Semi-finals: €15m Final: €18.5m
Whether the decreased revenue from being in the Europa League will impact Celtic's transfer business remains to be seen. Brendan Rodgers doesn't even know.
One thing is certain, though, and that is that the club will be part of this Friday's Europa League league phase draw at midday.
