Celtic have failed to reach the Champions League for the last two years.
Deila is set to depart the club this summer after two disappointing years in charge at Celtic Park.
While he has won the Scottish Championship for the last two years, and making it five in a row for Celtic, his performances in the cup competitions have been far from exemplary.
The Champions League has been particularly disappointing, as they have failed to reach the group stages for two years running.
That is a far cry from their previous success, with them managing to reach the knockout stages via huge wins over Barcelona under Neil Lennon in the past.
And according to the Mirror, that failure has cost Celtic as much as £40million in Champions League money over the last two seasons.
Because of that, Desmond Rodgers is now willing to pay big to secure the club’s next boss and ensure their place in Europe in future.
The current front runner appears to be former Liverpool boss Brendan Rodgers, although several other managers have also been linked.