Celtic have the opportunity to bolster their huge earnings from European competitions this season with victory in the last 32 over FC Copenhagen.

According to Football Insider, Celtic’s run to the knockout stages in the Europa League has seen them pocket £14.5 million already this season.

And the Hoops have the opportunity to increase that total to above £15m against Copenhagen, with UEFA’s revenue distribution system revealing a further €1.1m is available for clubs who qualify for the last 16.

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Figures like this emphasise just how crucial Celtic’s participation in European competitions is, as £14.5m is a hugely important windfall for the club to receive.

That is highlighted when you consider how Celtic made a pre-tax profit of £11.3m for the 2018/19 season (Sky Sports), which is likely to have been helped by both the sale of Moussa Dembele to Lyon (Sky Sports) and the Hoops’ run to the last 32 of the Europa League.

And not only does it benefit financially, it could help the club in the transfer market as well.

Firstly, the European windfall is likely to bolster Celtic’s budget when it comes to signing players.

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And if players who Celtic are interested in see them winning trophies domestically whilst also regularly competing in the knockout stages in Europe, they may be more inclined to make a future switch.

Neil Lennon’s men could now add another €1.1m to their European earnings this season, and if they can do that by reaching the last 16, a further €1.5m will be available if they can progress to the quarter-finals.