Maguire: Rangers fall short of key Uefa target amid £11m reveal
Rangers have not met Uefa targets regarding wage-to-turnover ratio but that is largely due to the financial impact of the pandemic.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Rangers’ 1-1 draw with Celtic on Sunday.
Rangers have already mathematically secured the league title and did so with a lower wage budget than their Glasgow rivals – £43.3million to Celtic’s £54.3m, as per figures supplied by Maguire.
Rangers’ wage outlay was 73 per cent of their total turnover compared to Celtic’s 76 per cent.
Maguire lauded Rangers for their tight control of the wage budget and claimed that they would have been within Uefa regulations in a non-Covid year.
He told Football Insider correspondent Adam Williams: “The Uefa target rate is below 70 per cent. But given that the 74 per cent contains an element of Covid in the sense that they weren’t able to play all matches last season in front of a paying crowd.
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“It would have been lower if that wasn’t the case. So I think it’s a pretty decent achievement all-round.
“West Ham’s was 94 per cent, Everton’s was 91 per cent and we’re seeing some horrendous numbers coming through south of the border.
“Given that the Scottish clubs are more reliant on ticket sales than English clubs because the TV deal is worth much less, it’s good work from Rangers.”
The draw at Celtic Park means Rangers are still on course to complete the season unbeaten in the Scottish Premiership.
If they do so, it will be the first time the club has achieved the feat since the 1988-89 campaign.