A quirk in the Uefa coefficient system could see Rangers pocket almost nothing in European income for 2021-22 while Celtic could go on to earn around £80million. 

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about the peculiarity first reported by Glasgow Live.

Next season, Rangers will enter the Champions League preliminary rounds at the penultimate stage while Celtic will start one stage earlier.

However, should Celtic win that two-legged tie, they will be guaranteed at least a Europa League group stage place.

But if Rangers bow out at the same stage, they will be forced to play a Europa League play-off match to secure passage to the second-tier European competition.

That means Rangers could yet have almost zero European income for the upcoming season while Celtic could go on to earn up to £80m, explains Maguire.

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He told Football Insider correspondent Adam Williams: “It’s absolute nonsense, therefore it must be something to do with Uefa.

“European participation is really essential for both clubs, ideally in the Champions League.

“If we take a lot of Rangers’ revenue in 2017-18, they didn’t get very far in European competition that year and their revenue was £32.7m.

“Whereas two years later it was £59m. If you’re in the Champions League group stages we’re probably talking somewhere closer to £80m.

“It’s a game-changer for both clubs, getting into the group stages. The value of the Scottish rights are quite modest, especially compared to the Uefa broadcast deal.

“Remember, both Rangers and Celtic benefit from the rights pool. The way that it works is that the more your domestic broadcaster pays for Uefa rights, the more you get as an individual team.”

In other news, Celtic urged to avoid “stupid” Turnbull sale.