Matt Le Tissier concerned over Celtic manager 'gamble' as Rangers told how to clinch seven-figure windfall

Updates continue to flood in from both sides of the Old Firm, as changes behind the scenes steal the spotlight at both Rangers and Celtic throughout this international break.

Rangers have continued to use Kevin Thelwell’s Wolves connections to secure new hires to Ibrox, with set-piece coach Scott Fry the latest to arrive at the club. Meanwhile, Celtic’s search for a new permanent manager has taken another twist amidst reports that Wilfried Nancy is closing in on securing the role at Parkhead.

Following the departure of Brendan Rodgers at the end of last month, Martin O’Neill has been in interim charge at the Premiership champions and has overseen three victories from four matches, including an Old Firm success over Rangers, and the only blot being an away defeat against Europa League leaders and 100-per-centers Midtjylland. While the permanent appointment of O’Neill has reportedly been considered, Columbus Crew boss Nancy is believed to be the front-runner.

Matt Le Tissier speaks on Celtic new manager ‘gamble’

Amidst reports that Nancy is the favourite to take over the Hoops, former Premier League star Matt Le Tissier has revealed his opinion to Football Insider about the potential appointment.

He said: “It’s always a bit of a gamble. I know he’s managed over in Canada, in the MLS, but it’s a very, very different style of football over there. [Celtic] would have done their homework on him, taken a look at the style of play to see if that’s what they want going forward, and obviously, he’s had a degree of success over there as well.

“But it all comes down to how well he adapts to Scottish football and what’s required up there from a fan base that are expectant of success and pretty quick. You’ve got to deal with that as a manager, so I’m sure they’ve done their due diligence. If he does get the job, then very best of luck to him.”

How Rangers can secure seven-figure windfall revealed

Meanwhile for Old Firm rivals Rangers, their potential seven-figure windfall from the Europa League has been confirmed - though the Glasgow giants will need to buck their ideas up if they are not to miss out on the eye-watering sum.

It has been revealed that participation in the league phase of the competition is believed to lead to a windfall of £7million, with a further £1.75m secured by reaching the last 16, and larger increasing sums after that. Rangers currently sit rock-bottom of the Europa League table without a single point from four matches, while Celtic are not much better off in 27th place.

Dan Plumley revealed to Ibrox News the financial reality Europa League success could bring. The finance expert said: “It’s not massive. With the Europa League, you’ve got an equal share starting fee of around £3.8m, you’ve got some win bonuses and things like that, along with the TV money. So, you might be taking around £7m if you’re a club like Rangers, potentially from that group stage.

“If you get to the knockout stages, you get around £250,000 per club, but if you get knocked out and don’t reach the round of 16, that’s where the bigger money kicks in. It’s £1.5m for qualification for the round of 16, then £2.2m for the quarter-finals.

“The prize money ramps up the further you go, so ultimately, you want to be in that qualification round for sure. You could be missing out on £1.7m if you don’t make that top 24 of the league phase.”