Celtic have lost about £38 million as a result of their inability to qualify for the Europa League knockout rounds.

So argues financial expert Kieran Maguire, speaking to the media following Celtic’s 3-2 defeat to Bayer Leverkusen yesterday evening (November 25).

As a result, the Hoops are four points behind second-placed Real Betis in Group G and mathematically unable to advance to the last-16.

Celtic have already been relegated to the Conference League after failing to qualify for the knockout stages for the second season in a row.

Ange Postecoglou admitted:

“We are not at this level yet.”

According to Maguire, Celtic might be up to £38 million worse off as a result of missed prize money, ticket receipts, and broadcast income.

“The three defeats have already cost them about £3m in performances-related prize money,” 

“Celtic were effectively the seventh-seeded team according to their coefficient, so they could drop down. They take a hit there as well.

“In terms of being knocked out, we are looking at around about £9m in lost prize money as opposed to getting to the final.

“There is potentially a similar amount from the market pool. So the best part of £20m, according to my analysis.

“Then you have the gate receipts from another three matches at Celtic Park. They could be looking at around £2m per match. So that’s another £6m.”

The loss to Leverkusen was Postecoglou’s team’s first in ten games.

They will now face one of the Conference League’s eight runners-up in the play-off rounds for Europe’s third-tier tournament.