Qualifying for Champions League will earn Hearts and/or Celtic just north of €20.2m (£17.5m), should they reach the league phase.

The majority of that money is the entry fee, but there are further fees included such as television revenue and share for the league position.

That fee can jump up significantly in a few ways. Every victory in the league phase is worth €2.1m (£1.8m), with each draw worth €700k (£600k).

That initial €20.2m includes more than €1.3m (£1.1m) in television money that is given to the lowest-ranked club by Uefa in their value pillar, combining each nation and team’s ranking to effectively decide which teams are the most attractive to television audiences.

The highest-ranked team in the value pillar can earn up to €46.8m (£40.6m) in league phase television money alone, so clubs will hope to be ranked as high as possible commercially to reap the financial benefits.

Where a team finishes in the league phase also plays a major role in terms of revenue.

Bottom place of the 36 league phase teams will earn €275,000 (£238,000). Every position above that is an increase of €275,000 per position.

A finish in the top 24 and reaching later rounds also earns significantly higher amounts of money.

On top of that, there is also €175,000 (£151,500) offered for every round of Champions League qualifying played, which could rise to €525,000 (£455,000) should a team qualify for the Champions League after entering in the second round of qualifying.