Celtic crashed out of the Champions League after last night's disaster against Cluj and fans have been left gutted at the prospect on their side missing out on Europe's elite.

The Hoops boardroom will also have been devastated when they woke up this morning - but for an entirely different, financial reason.

Celts have missed out on a whopping windfall which would have come with Champions League football had they managed to squeeze past Cluj and then Slavia Prague in the next round.

Why the Parkhead board must share the blame for Celtic's costly Champions League exit

Qualification to the group stages of the big one is worth a massive £15.25million.

Every victory in said group is then worth £2.7million to the club coffers, with draws earning £900,000.

In European football's second-tier, qualifying for the Europa League would earn Celtic - by comparison - a measly £2.92million.

Europa League group victories bring with them £570,000 while draws are worth £190,000.

A massive £12.33million of a difference in qualification alone.

Celtic have already raked in £25million for the sale of left-back Kieran Tierney this summer.

Who should carry the can as blame game kicks off in wake of Celtic Champions League exit?

Their latest annual results showed they had £27million in the bank and their revenue had exceeded £100 million. 

Since then they have offloaded Dembele to Lyon for £20million as well as KT.

But after their dismal showing against Cluj - qualification for even the Europa League is anything but guaranteed with either AIK or Sheriff waiting to knock them out again.