Celtic have discovered their Champions League group stage opponents.

Brendan Rodgers' side will compete in the 2023/24 competition for the second successive season.

The Scottish champions will come up against Feyenoord, Atletico Madrid, and Lazio.

The draw took place this evening at the Grimaldi Forum in Monaco.

Celtic will be Scotland's sole representative in UEFA's elite tournament this season.

It comes after Rangers failed to qualify after their 7-3 loss to PSV. They dropped into the Europa League as a result.

And the financial benefits of that have already been made clear for Celtic.

With only one Scottish team representing the Premiership, Celtic are due to pocket a bigger slice of the TV money available.

The Parkhead club are set to rake in an additional £2.5m in television revenue off the back of Rangers' defeat in Eindhoven.

The figure is the amount Celtic earned from their six group stage matches last season. Rangers of course pocketed the same.

However, this term, all of that cash will go straight into the Parkhead coffers. 

It's believed the Scottish champions are guaranteed 10 per cent of the allocated total of UK TV pool money.

READ MORE: Celtic set for bigger Champions League financial bonus after Rangers loss

TV pool payments account for 15 percent of all finances distributed by UEFA to Champions League clubs.

So, that means Celtic will be due £5m this year, doubling the amount earned in TV money from last season.

Every win in the Champions League earns a club £2.4m while a draw rakes in £775k.

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