The way money is distributed in the upper halls of European football is poised for significant change.
UEFA are set to put Celtic and Rangers on alert as they plan for a major revamp to one of the ways they distribute Champions League cash to clubs.
Major change is ahead though, as the system that allocates 30% of Champions League cash based on a club's historic achievements in Europe moves close to reform, and money will instead be awarded on current performance money awarded based on present performance instead, according to The Times.
But the report states: "Sources say an agreement has been reached in principle. From the 2024-25 season, when the new Champions League format will start featuring 36 teams and when clubs' income from the tournament is expected to rise significantly, the historic funding element will be greatly reduced, with performance bonuses increased instead."
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