Celtic make bank from Champions League
By Nick McAdam
Estimated Read Time: 2 Minutes
Celtic have money in the bank.
Trying to take positives from what was another disastrous Champions League campaign for the Celts is rather difficult. Multiple defeats from Europe’s best saw Celtic in the Europa League where they ultimately lost to Zenit.
However, one of or if not the only bright spot from the CL would be the amount of money that Celtic made from the campaign. UEFA has confirmed monetary amounts for each club participating from the group stage.
Football Insider took a figure from Swiss Ramble, which notes that the Bhoys made 28 million pounds from the Champions League.
The total number divides up into categories such as participating in the competition, prize money and television money which made up most of the portion with 15.4 pounds made.
Celtic have made a lot of money in the past year. The total amount fell near 100 million for the whole playing season. As for this year, Celtic earned around 7.5 million pounds for the Virgil van Djik move to Liverpool which is now combined with the money from the CL.
In the recent window, the norm for money spent from Celtic was continued as it was kept under 6.5 million pounds. Talents such as Charly Musonda and Lewis Morgan were brought in, while short-term players like Marvin Compper and Scott Bain made their arrival, too.
Opinion
The amount that Celtic has made combined with the total struggles the squad has faced in this calendar year doesn’t add up.
Despite being first in the Scottish Premiership and looking favorites to win the Scottish Cup, it’s a bit frusturating that Celtic got knocked out of Europe that fast considering the money that’s there.
It’s time for class. Winning the league repeatedly is nice, but something more needs to be done for the Celts as a whole to progress. This team cannot afford the morale issues after being easily dumped out of a European campaign.
What they can afford is more quality. Time-and-time again we’ve seen Celtic shy away from players because of a price tag. History shows that an amount spent in a certain transfer window hasn’t gone over a half a million, but now is the time to break that.
Football Insider shares the same opinion when saying:
"How can a club with supposed ambitions of an extended European run not invest significantly in January, especially after Brendan Rodgers had claimed the winter window is more important in Scotland than the summer one. Clearly, the money is in the bank. Why was it not spent on improving a squad that has not run amok this season as it did last.More from The Celtic BhoysCeltic handed fresh injury doubt before Feyenoord gameCeltic’s £40.7 million announcement should scare RangersBrendan Rodgers makes superb claim about returning Celtic playerBBC pundit makes sensational claim about Celtic hero KyogoKyogo Furuhashi sends clear message to Celtic doubters"
It isn’t all about improving the club, even though that’s a big part. The Celts have to realize what’s going on around them. Of course the top clubs in each of the major leagues are going to spend. At the same time, middle of the pack clubs have spent their fair share to progress as well.
Watford is a big example in the Premier League, and regardless of the controversy around the club, RB Leipzig have spent their money well to finish second in the Bundesliga last season.
Watford and Leipzig are just small examples of progressing domestically. Celtic don’t need to do that, but they need to spend to turn into that desired European powerhouse.
Money controls the game, and the Hoops will have to spend right soon for the squad to finally break the cycle of repeated European failures.
Next: Fans shouldn’t worry about Tom Rogic extension
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