By Kieran Maguire

17th Jun, 2021 | 5:29pm

Rangers poised to rocket past Celtic amid gamechanging financial reveal from Kieran Maguire

Rangers could rocket past Celtic financially and herald a new era in Scottish football if they go further than their rivals in next season’s Champions League.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Celtic’s first opponents in the preliminary rounds of the Champions League were announced on 16th June.

The Hoops will face last season’s Danish Superliga runners-up FC Midtjylland and the first leg of the tie is scheduled for 20th July.

It will be newly-appointed manager Ange Postecoglou’s first match at the helm since joining from Japanese side Yokohama F. Marinos on 10th June.

If they get past Midtjylland, Celtic must then navigate two more ties (set for 3rd/4th-10th August and 17th/18th August) before reaching the group stages of the Champions League.

Rangers will enter the competition at the penultimate play-off round and, as Maguire explains, have the opportunity to overtake Celtic financially in what would be a gamechanger for both clubs.

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He told Football Insider correspondent Adam Williams: “The revenue gap was £59million between the two and now it’s decreased to £11m. That was without Rangers playing in the Champions League.

“They need just one good season where they are more successful in Europe. If they are in the Champions League and Celtic are in the Europa League, for example.

“We are reaching an intersection point if Rangers are successful in the preliminary rounds.”

Rangers posted operational losses of £15.9m in November last year.

Celtic meanwhile turned a small pre-tax profit of £100,000.

In other news, pundit claims it “doesn’t look good” after five-player Celtic development on Monday.