By Kieran Maguire

20th Sep, 2021 | 12:30pm

Kieran Maguire blames SPFL as Rangers hit by Premier League 'juggernaut'

Rangers have had no chance of keeing up with top Premier League clubs’ spending over the last 30 years.

That’s according to football finance expert Kieran Maguire, speaking exclusively to Football Insider about the Gers’ finances.

Maguire addressed a question on his Price of Football podcast that enquired about Rangers’ ability to compete with Premier League sides financially.

Maguire shared a chart on Twitter that showed how Rangers actually had a larger revenue than Tottenham and Arsenal in 1993.

Even though the Gers’ revenue stream has more than doubled in the years since, this is nothing compared to sides such as Chelsea and Manchester City since the inception of the Premier League.

Maguire admits Rangers have no chance of keeping up with English sides after the cycle of success the formation of the Premier League kicked off.

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“The fact is Rangers had the second-highest revenues in British football in 1992/93,” Maguire told Football Insider‘s Adam Williams.

“Now there are four or five Championship teams generating more money.

“Admittedly they have the benefit of parachute payments.

“But this shows the Premier League has been a juggernaut whereas the SPFL cannot compete with that.

“It doesn’t have the global brand the Premier League has and it doesn’t have a sufficient number of competing teams.

“You get into a cycle. The Premier League was successful which allowed it to recruit players, which increased interest, which allowed them to sell for more money.

“Scottish football has never been able to get into that position. The growth has been far more modest in Scotland.

“No one can compete with the Premier League though, that’s why there was the attempted Super League.”

In other news, Rangers tipped to land Premier League defender in January after update – Whelan.