Rangers have raised up to £1.45million for the transfer kitty through the MyGers scheme – and more investment will follow with success in Europe.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after the club thanked MyGers members for their role in the Scottish Premiership title triumph in an official statement.

The programme allows fans to invest directly in the club’s transfer budget, providing access to behind-the-scenes content and special offers in return.

Adult memberships start at £50 and with 29,000 members the scheme could raise as much as £1.45m for the club annually.

Maguire claims the next step for the programme is to capitalise on the club’s global fanbase through success on the European stage.

He told Football Insider correspondent Adam Williams: “What they will be looking to do with this is expand if they have success in Europe.

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“Both Rangers and Celtic have significant fanbases outside of the United Kingdom.

“If Rangers do have success in the Champions League, supporters not just outside of Glasgow but outside of the UK might be more inclined to join something like this.

“It will increase their attachment to the club seeing them play big teams on Tuesday and Wednesday nights.

“Getting into the group stages is absolutely critical.”

Rangers supporters trust Club 1872 recently announced their aim to invest £2.5m in the club as part of a share purchase.

That would see them eek closer to the crucial 25 per cent juncture which would give them a veto in club matters.

In other news, Rangers in hunt to sign Premier League speed machine amid contract twist.