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Champions League matters financially for Scottish clubs

Celtic have earned €36.1m from the Champions League, which is much more than Rangers’ €20.2m in the Europa League and Aberdeen’s €4.8m in the Europa Conference. This is despite the fact that Celtic finished bottom of their group, while Rangers came first in their group, thus proceeding to the last 16.

Celtic were Scotland’s sole representative in the Champions League group stage this season, earning €36.1m, which was made up of €15.6m participation fee, €4.0m prize money, €10.2m UEFA coefficient payment and €6.2m TV pool.  In other words, nearly half of their income is just for making it to the group stage, i.e. in the shape of the €15.6m participation fee.

Rangers’ overall UEFA ranking was a bit behind Celtic’s at 58th, but their UEFA coefficient payment in the Europa League was much smaller.  Rangers will have a better coefficient next season, as they will drop a season without any ranking points, possibly overtaking Celtic.

Rangers have earned €20.2m, including €5.0m from the Champions League, which is a sort of parachute payment for clubs eliminated in the play-off round, where they were beaten by PSV Eindhoven.  As a result, they dropped down to the Europa League, where they have so far received an additional €15.2m. This comprises €3.6m participation fee, €4.7m prize money, €2.9m UEFA coefficient payment and €3.9m TV pool.

Aberdeen finished third in their Europa Conference group behind PAOK and Eintracht Frankfurt,  This comprises €2.9m participation fee, €1.0m prize money, €0.4m UEFA coefficient payment and €0.5m TV pool.

If Rangers did manage to be victorious in the Europa League, their €33.4m earnings would still be lower than Celtic’s €36.1m, which highlights the disparity with the far more lucrative Champions League.

The Champions League remains a big differentiator for Scottish clubs from a financial perspective, even if they don’t manage to get out of the group. The only way that a Europa League representative can hope to match that is by actually winning the tournament.

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