Celtic have a financial plan in place

Celtic have two separate financial plans in place to determine whether or not they qualify for next season’s Champions League, according to football finance expert Dr Dan Plumley.

The Lowdown: Celtic close in on title

The Hoops are having a memorable season so far, with Ange Postecoglou proving to be an inspired managerial appointment last summer despite a rocky start in Glasgow.

As the season slowly draws to a close, Celtic find themselves six points behind Rangers in the Scottish Premiership title chase, and prepare to face their rivals in the Scottish Cup semi-finals.

If Postecoglou’s side are crowned league champions, they will of course qualify for the Champions League as they look to make their mark in Europe’s biggest club competition.

Latest: Financial plan in place

Talk to Football InsiderPlumley revealed plans are in place at Celtic financially, in terms of whether or not they qualify for the competition, as it could make a £17m difference:

“You have to be careful, of course. Celtic pretty much knows what their earnings will be each year, as you’re almost guaranteed to finish first or second.

“They sell every week and they know what they’re working with. The differentiator is, of course, European football. If they win the league this year, they get automatic qualification, which will be worth a minimum of £17million.

“It makes a big difference, so they will have different models depending on the different possibilities. Model A, they make the Champions League. Model B, they don’t. This extra money makes a big difference.

“It’s all based on those distinct patterns and being able to repeat the trick and qualify year after year.”

The Verdict: Desmond’s Clever Approach

It’s a really smart approach after major shareholder Dermot Desmond hinted at it recently, ensuring the club is run sensibly rather than recklessly.

It should be expected that Celtic will be in the Champions League next season, of course, but in case that doesn’t happen, it’s normal that a contingency plan is in place.

While Postecoglou and his players deserve huge praise for their performances on the pitch this season, the way the club is run as a whole also deserves positive reviews.

In other news, Kieran Devlin singled out a Celtic player for his praise. Find out who it is here.