By Kieran Maguire

6th Aug, 2022 | 3:27pm

Kieran Maguire: Rangers at risk of 'huge shortfall' as financial 'problem' analysed

Rangers are at risk of falling behind Celtic in the financial stakes if they fail to qualify for the Champions League group stages.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the potential impact of the Gers’ 2-0 defeat to Belgian side Union Saint-Gilloise last Tuesday (2 August).

Giovanni van Bronckhorst‘s side must overturn the deficit in the return leg of the third-round qualifying match at Ibrox on Tuesday (9 August) to have any chance of reaching the group stages.

The Glasgow giants have not competed on European football’s biggest club stage since before liquidation over a decade ago.

They were a penalty shootout away from securing automatic qualification in the group stage in the 2021-22 Europa League final, which they ultimately lost to Eintracht Frankfurt.

Celtic meanwhile have secured a spot in the competition proper after their Scottish Premiership title triumph last term.

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Maguire explains that Rangers will lose out on both prize money and ticket sales if they fail to recover against Saint-Gilloise.

“In order for Rangers to make up the huge shortfall of not getting to the Champions League, they would need to repeat last season’s achievements in getting to the Europa League final,” he told Football Insider’s Adam Williams.

“That is because for every £1 you make in the Europa League you make £5 in the Champions League in terms of prize money.

“That’s a problem. Also, if you are in the Champions League, you can effectively name your own price in terms of boxes at Ibrox, and it would be a premium rate.

Rangers will face one more two-legged tie if they can overturn the result against Saint-Gilloise.

There they could play the likes of PSV Eindhoven, AS Monaco or Benfica.

In other news, Alant Hutton slams Rangers stars as Giovanni van Bronckhorst fumes.