By Adam Williams, Finance & Governance Correspondent

10th May, 2023 | 7:00am

Revealed: Celtic bank £3m windfall - another £28m now guaranteed

Celtic will earn almost £31million thanks to their Scottish Premiership title triumph, Football Insider analysis shows.

Ange Postecoglou’s side secured a second successive title and their 11th in 12 years with victory over Hearts last Sunday (7 May).

A 1st place finish also guarantees Celtic direct qualification for the Champions League group stage, while 2nd-place Rangers must instead first navigate two play-off rounds.

The SPFL will pay the Glasgow giants north of £3.3m in prize money, a respectable sum in isolation but one which pales into insignificance next to Uefa’s payouts.

The Hoops will earn around £21m from participation in the Champions League before a ball is even kicked – and that could be significantly topped up by performance-related bonuses.

Uefa’s starting fee – paid to all 32 competing clubs – is £13.8m, which will be bolstered by a modest coefficient payment and a share of the Champions League’s media and commercial revenue.

Celtic are likely to fall a few places in Uefa’s coefficient ranking ahead of next season, reducing the size of their coefficient payment from around £6m this year to perhaps around £4m in 2023-24.

A sum of £57m – the highest of any country represented in the competition – is also due to be split between UK clubs thanks to the money Champions League broadcasters BT Sport contribute to the Uefa TV pool.

Celtic and Rangers will split 10 per cent of that figure again in 2023-24 if both teams qualify for the group stages – although the Hoops will take the full amount if their rivals bow out in the play-offs.

If both qualify for the group stages, however, the £5.7m will be split 55-45 between Celtic and Ranges, meaning Celtic are guaranteed £1.6m at the very least.

The remaining half of the TV pool cash is based on progress in the competition, with both teams banking £1.4m if they exit at the group stages.

Celtic therefore will earn at least £3m from the TV pool, coupled with a £13.8m participation fee, £4m coefficient payment and £3.3m in SPFL prize money.

Combine that with an extra £6.5m in matchday income from a minimum of three sold-out European games at Parkhead and Celtic’s title win has guaranteed them around £30.6m.

That figure could soar with just a handful of results in the competition, with wins worth £2.5m in Uefa prize money and draws worth £825,000.

In other news, Celtic fear Postecoglou has already decided to join Premier League giants.