Former Premier League goalkeeper Paddy Kenny has been reacting to the news that Celtic could be set to receive a healthy financial windfall in the near future.
The lowdown: £40m windfall?
This comes following a report from the Daily Record confirming that the Hoops will earn upwards of £40million due to participation in next season’s UEFA Champions League group stage.
Ange Postecoglou’s side will book an automatic place in the competition with success in the Scottish Premiership after Russian teams were banned from competing in Europe due to the ongoing war in Ukraine.
As things stand, the Bhoys are six points clear at the top of the Scottish top-flight and could all but wrap up the title with victory over Hearts at Parkhead.
The latest: Kenny reacts
Speaking to Football Insider, Kenny has claimed that the influx of funds could be monumental for Scottish football.
“Celtic and Rangers both need that money. We know what the financial situation is like up in Scotland. It’s the same every year.
“A guaranteed place in the group stage is massive. £40million is a crazy amount of money to either club.
“Celtic have also failed to get through the qualifying rounds in recent years and Rangers couldn’t do it this season.
“Europa League is great but the Champions League is far more lucrative. So if they get this money, and it looks like they will, that gives them such a boost.
“They can spend more and we know good Ange Postecoglou is with transfers. With Rangers’ finances, you would think they couldn’t pay the same, so I think Celtic could pull further away if they get their transfers right.”
The verdict: Spot on
Out of the elite European competition since 2017/18, Celtic have not only missed the prestige of playing amongst the upper echelons of the continent but also the money that comes with the participation.
Having already proven to be an astute operator in the transfer market, giving Postecoglou even a percentage of the mooted £40million windfall towards transfers would be a daunting prospect for the rest of the league.
Will Celtic win the title?
I'm not so sure!
Whilst the quality of the group may dictate whether or not the Hoops advance beyond the first stage, simply being back at the top table will be a huge plus for the club.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience