Rangers to hit Champions League jackpot IF they win title as Celtic pay price for Euro woes in major shake-up
UEFA has confirmed a significant increase to prize money for their premier competition in 2024/25.
The last time Celtic and Rangers competed in the Champions League in the same season,
in 22/23, Celtic earned roughly €30 million from their participation,
while Rangers earned around €20 million, despite Celtic only earning two points more than Rangers.
This was due to the distribution of cash via the 10-year coefficient,
since Rangers had the second lowest 10-year rating in the tournament and won only €2.3 million,
whilst Celtic, despite having the eighth lowest ranking, received a whopping €9.1 million.
If both qualify for the new 36-team league phase next season, the allocation will be much different,
since UEFA has released their budget for 2024/25, following successful approval by the member associations..
It appears like we are about to witness the first genuine title race between the Old Firm in the Scottish Premiership since the 2010/11 season,
when Rangers won the league by one point on the last day.
Of all, for fans of both teams, the prestige and glory of winning the league trophy considerably outweighs the financial benefits their club will receive.
However, the financial significance of the automatic Champions League spot that comes with winning the title cannot be emphasized,
with the new format providing more guaranteed money than ever before.
With Southampton getting almost £100 million in TV money for finishing bottom of the EPL,
our top teams rely significantly on Champions League status to close the economic gap with the majority of other European leagues.
We now have a better idea of the impact of qualification,
as UEFA has stated that their conservative estimate for total men’s club competition revenue is a massive €4.5 billion (up from €3.5 billion this year)
– though they do caution that these figures should be treated with caution due to “the sales process still ongoing and contracts yet to be concluded for some important markets”.
Not all of the €4.5 billion will be distributed to the competing clubs,
as several deductions must be made first. For example,
UEFA’s own cut of course increases, with their organisational costs rising from €323 million to €387 million,
and the money “reserved for European Football to remain with UEFA” increasing from €188 million to €230 million.
In promising news for all Scottish clubs, the money for clubs eliminated in qualifying will increase by 25%, from €105 million to €132 million.
Solidarity payments, which are granted to ALL clubs that do not compete in league phase football,
increase by a stunning 120 percent, from €140 million to €308 million.
This may mean up to £1.5 million for each SPFL club that does not advance to the next phase of the European League.
That still leaves a whopping €3.3 billion available to competing clubs,
with Champions League clubs taking 75% of the revenues and the Europa League earning only 17%.
The Conference League receives only a small portion of the total, accounting for 8%.
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