Football

Celtic to Receive Significant UEFA Euro 2024 Payout

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3m ago

Jun 25, 2024 / 4136 Views

As Celtic sent four of its star players to represent Scotland at UEFA Euro 2024, the club stands to benefit handsomely from UEFA’s Club Benefits Programme. This programme, designed to compensate clubs for releasing their players to international duty, will see Celtic earning a substantial payout.

James Forrest, Greg Taylor, Anthony Ralston and Callum McGregor were all called up by Steve Clarke for the tournament in Germany.

Celtic, classified as a Category 1 club, will receive the highest level of compensation offered by UEFA. For Euro 2024, the payment rate for Category 1 clubs is €10,000 per player per day. This payment period begins 10 days before the national team’s first match and ends the day after their last match.

Considering Scotland’s participation in the tournament, the compensation calculation for Celtic’s four players looks as follows:

Pre-Tournament Period: 10 days before the first match.
Tournament Duration: For this calculation the team played for 9 days.
Post-Tournament Period: 1 day after their last match.

This gives a total of 20 days.

Per Player: 20 days * €10,000 = €200,000
For Four Players: 4 players * €200,000 = €800,000

Celtic is set to receive approximately €800,000 for the involvement of its players in Euro 2024. It highlights benefits of developing and fielding top-tier talent capable of comPeting on the European stage.

Celtic are cash-rich at the moment, and while this might not seem like a lot, it certainly helps with the cost of day-to-day operations and is welcome bonus.

It was a tough tournament for Steve Clarke and Scotland, they could have made History if they were braver in their final Game against Hungary. Now, we pick over the bones of what could have been. And had Scotland qualified for the knockout, Celtic would have received even more funds.

For more details on the UEFA Club Benefits Programme and how it impacts clubs like Celtic, you can visit the official UEFA website or follow the latest updates on local Sports news channels.