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Thursday 19 July 2018

Revealed: Celtic's Virgil van Dijk windfall highlights the financial black hole affecting Scottish football

Virgil van Dijk could play his first game for Liverpool against Everton in the FA Cup. Photo: Getty Images
Virgil van Dijk could play his first game for Liverpool against Everton in the FA Cup. Photo: Getty Images
Kevin Palmer

Kevin Palmer

Celtic are set to be handed a cheque in excess of £7m following Virgil van Dijk's record breaking move to Liverpool, with that sum more than double the prize money they collected for winning last season's Scottish Premiership title.

Shrewd Celtic officials included a 10 per-cent sell-on clause when they sold Van Dijk to Southampton in the summer of 2013 for £13m, with that deal now ensuring they will collect a huge windfall following the Dutch defender's £75m move to Liverpool on Wednesday.

That deal includes some add-ons that may ensure Celtic do not receive their additional funds in one lump sum, but it is a huge bonus for the Scottish champions as they continue to work with limited financial resources despite their domestic dominance.

The transfer also highlighted the huge chasm in finances between English and Scottish football, with Chelsea receiving around £150m following their Premier League title success, with Brendan Rodgers Celtic collecting just £2.948m for their championship triumph last May.

While Champions League prize money boosts Celtic's revenues considerably compared to their Scottish rivals, the Van Dijk cash could be crucial for Rodgers as he looks to add to his squad and fend off interest in his star man Moussa Dembele, who has been linked with moved to West Ham, Brighton and Everton.

Celtic are likely to receive their additional cash for Van Dijk in installments, with Liverpool paying Southampton the world record fee for a defender over the course of his lengthy contract at Anfield.

Online Editors

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