Rangers owner Dave King has revealed that Rangers need regular sustained runs in Europe in order to make money.
Speaking at today’s Rangers AGM, as reported by Rangers’ official website, King disclosed that Rangers need to become more successful in Europe in order to become self-sufficient, and no longer rely on money from the likes of himself.
“I think it will still be a couple of years, and I say that as the only way we can be self-reliant is to have continued success in Europe. It’s not enough to qualify for Europe and be knocked-out at the early stages.”
He continued: “The only way that we feel that we are sufficiently resourced is to be reasonably sure that we get into the Europa League, get to the knockout stages and occasionally the Champions League.
“At that level, we will be self-sufficient. So, if you were to ask me, I think we are probably still two to three years away from that.”
Rangers were knocked out of Europe this season by Luxembourg side Progres Niederkorn, in one of the worst results in the club’s history.
The defeat hastened the departure of former manager Pedro Caixinha, who arguably never recovered from the loss.
Rangers seem certain to return to Europe next season, as they currently sit in third place in the Scottish Premiership, only three points behind second placed Aberdeen.
The Gers can overtake the Dons in the league table if they defeat them at Pittodrie on Sunday afternoon.
In other Rangers news, James Tavernier has been reflecting on last night’s win over Aberdeen at Ibrox