The Swiss Ramble is a fantastic social media account who has the knowledge and the patience to go through the minutia of club football finances with no agenda or bias. They simply set out the facts and give fans a digestible dose of what’s going on at their club.
The account put both Celtic and The Rangers European run under the spotlight with regards to income. As you would expect, The Rangers run to the final pocketed more cash but not as much as you might think.
The account speculates that the Ibrox club made an extra €8m in their European run. They do concede they don’t have the numbers for gate recipients and player related bonuses for Europe to provide a definitive figure.
Given Celtic were out of the competition by December, you would have imagined the difference would and should’ve been double figures.
That’s when the old coefficient has come into play. You know the European metric The Rangers have tried to pat themselves on the back for with the aid of their cronies in the press.
Well, it turns out Celtic’s much higher coefficient putting them in 38th to The Rangers 89th meant Celtic received a much higher coefficient pay out.
Celtic earned €3.4m to the Ibrox side’s €0.9m. Celtic have made a greater contribution to the coefficient and have massively helped the league and themselves automatically qualify for the Champions League.
The money from the competition next season can already be banked and the club is planning accordingly.