Kieran Maguire drops Rangers prediction after source's £75m reveal

Rangers will suffer a drop in revenue for 2022/23 despite earning around £14million from Champions League qualification.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the projected turnover at Ibrox.

In the latest 2021/22 accounts, Rangers posted a record turnover of £86.8million after the club's successful run to the Europa League final.

It is estimated that the club earned £30.5million in payments from Uefa for that Europa League run.

Football Insider revealed on Friday (15 September) that Rangers are set to announce a turnover of just over £75million for 2022/23 after earning around £25million from their Champions League campaign.

Maguire also believes Rangers are set for a slight decrease in turnover despite Champions League qualification being worth triple the entry fee for the Europa League.

"I think if we take a look overall, revenues will be fairly similar to 2021/22," Maguire told Football Insider's Sean Fisher.

"Rangers did sell unique packages for their three enticing home games in the Champions League, which provoked a mixed reaction from fans.

"It did mean, however, that their matchday income in the competition was significant and they also got the £14million qualification fee for being in the Champions League.

"Clearly they didn’t pick up any bonus payments as they had a poor record in the group stage.

"So I think they may be slightly down on their last accounts when they enjoyed a lengthy run in the Europa League.

"But the Champions League is worth three times more than the Europa League in their qualification fees so that will help."

In other news, Rangers make £30m+ after new deal agreed