By Kieran Maguire

15th Aug, 2021 | 5:00pm

Kieran Maguire shares big reveal on Rangers 'new budget' after Champions League exit

Rangers will have planned for a worst-case scenario this season and their Champions League exit will not affect their budget.

So says finance boffin Kieran Maguire, speaking exclusively to Football Insider about the effect of elimination on the club’s accounts.

Steven Gerrard‘s side was dumped out of Europe’s premier club competition after a 4-2 aggregate defeat to Malmo on Tuesday.

Maguire told this site on 6 August that Rangers would pocket “at least £20million” if they reached the group stages.

But the spreadsheet expert claims that their European exit will not have an immediate impact on the club’s budget.

“They will have prepared a couple of new budgets this season” he told Football Insider correspondent Adam Williams.

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“They will have had a base budget, first and foremost. And I suspect that base budget will not have included Champions League group stage money.

“I know, for example, that Man United prepare a budget each year based on qualifying for the Champions League and reaching the last-16.

“They then flex that up or down accordingly. Rangers will have written a budget and I suspect that budget will have been based on the Europa League.

“They will also have what we refer to as a ‘stretch budget’. That’s for if they exceed the target and qualify for the Champions League.

“With that, they can either repay debt, but I don’t think the people who are putting money into the club are interested in that.

“They can also look at individual capital expenditure projects, either in terms of infrastructure or player spend.

In other news, pundit shares verdict on Glen Kamara release clause after update via the Athletic.