The UK may have voted to leave the European Union, but the result of that referendum could add to Celtic’s reasons to be cheerful that they remained in European competition on Tuesday night.
That’s because the Scottish champions are in line for a ‘Brexit’ boost to their finances, with their bumper Champions League prize kitty set to be swelled by more than £3million due to the fall in value of the pound against the Euro.
Brendan Rodgers’ side secured their passage to the riches on offer in the group stages of European football’s premier competition after surviving a nervy second-leg against Israel’s Hapoel Be’er Sheva to prevail 5-4 on aggregate.
Read more: Brendan Rodgers thanks Ronny Deila for building the foundations of Celtic's success
Their triumph means that they will earn a minimum of €25million from prize money for negotiating the play-off rounds, with a group stage participation fee and television revenue to come, as well as potential further earnings based upon the number of points they accrue during their group matches.
With the cash coming from UEFA to be converted from euros to sterling before it hits Celtic’s bank account, the fall in the value of the pound since the Brexit vote means that they will receive more than they would have if the rate had remained at pre-EU referendum levels.
Read more: Celtic made of the write stuff, reveals Rodgers
Based on last season’s Champions League prize breakdown, that could result in an extra £3million or more coming Celtic’s way than would previously have been the case.
Read more: Rangers boss Mark Warburton: Celtic's Champions League success good for Scottish football
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