Rangers hit by £16m blow - official documents reveal

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

Published on:

14 Aug 2024, 1:30 pm

Rangers have missed out on earning an extra £40million in revenue following their elimination from the Champions League, sources have told Football Insider.

The Glasgow giants were beaten 3-1 on aggregate by Dynamo Kyiv after the Ukrainian side secured a 2-0 second-leg victory in the third qualifying round at Hampden Park on 13 August.

Late strikes from substitutes Oleksandr Pikhalyonok and Nazar Voloshyn following Jefte’s controversial sending-off for the hosts means Rangers will now be playing in the Europa League this season.

The defeat also cost Philippe Clement’s side a guaranteed £3.7million cash injection, with Dynamo Kyiv or Red Bull Salzburg in line to receive that windfall if they lose their Champions League play-off tie.

But that is nowhere near as much as Rangers have missed out on after failing to reach the group stage of European football’s premier club competition.

Rangers miss out on windfall after Champions League exit

The Champions League is taking on a new format for the 2024/25 season, with the prize money on offer significantly inflated compared to previous years.

As per official Uefa documents released in March, group stage qualification is worth an immediate £16million to all the participants.

The number of clubs taking part is set to rise from 32 to 36, with the teams all competing in one single league competition and each side playing eight different opponents – four at home and four away.

Sources have told Football Insider Rangers can generate up to £1million in revenue from a Champions League home game, meaning they have potentially missed out on an extra £4million.

The prize money for each individual win in the group stage is set to be worth £1.8million, while a draw will secure teams £600,000.

(Credit: Getty Images)

As part of Uefa’s new value pillar payment system, Rangers could have been in line to earn a further £20million due to their 28th-place ranking in the governing body’s coefficient table.

But their elimination from the competition means the Scottish club have missed out on around £40million in revenue, even if they had finished bottom of the 36-team league.

Clement’s side will now take part in the Europa League this season and will find out who their eight opponents will be on 29 August, with the second-tier competition taking on the same format as the Champions League.

In other news, Chelsea have responded to Rangers’ Leo Castledine proposal.

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