Celtic’s Euro nightmare could cost £10m

FAILING to reach the Champions League group stage will cost Celtic a minimum of £10m, according to a report released yesterday.

The Hoops were humiliated 5-0 against Artmedia Bratislava on Wednesday and they appear unlikely to progress further in Europe's premier club competition, with manager Gordon Strachan becoming increasingly under pressure early in his reign.

After competing last season in the group stages where they were guaranteed television money from their matches against Shakhtar Donetsk, AC Milan and Barcelona the drop in income would have a significant affect on their season.