Rangers on course to land £18m windfall - Ibrox Sources
Rangers are on course to land a bumper £18million from the Europa League this season, Football Insider understands.
The Glasgow giants expect to secure the massive windfall if they secure a place in the knockout stages of Europe’s secondary competition.
Ibrox sources have told Football Insider how the club expect to generate £18m if they’re still in the Europa League after Christmas and should exceed last season’s £14.3m boost to the bottom line even if they are not.
There is expected to be a £4m boost to the club’s coffers if the club can maintain their impressive start to the group stages by reaching the round of 32 in the new year.
Rangers have taken four points from their opening three matches, which places them level on points with second-placed Porto, who they host at Ibrox on Thursday.
Tellingly, two of Steven Gerrard’s sides’ final three games are at home, which could prove decisive given their excellent home record and the raucous atmosphere generated at a 50,000 sell-out Ibrox.
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The total £18m+ windfall would come from Uefa handouts, prize money for their performances, the Scottish clubs’ share of the TV pool, their increased Uefa co-efficient ranking as well as matchday, commercial and merchandise income.
Uefa’s Europa League distribution data show Steven Gerrard’s side have already earned £3.3million, made up of £2.6million from their group stage allocation and £700,000 for progressing through the Europa League qualification rounds over the summer.
Further guaranteed cash is on the way to Ibrox through various other sources, most notably from the moneyspinning sell-out Thursday night clashes as well as from commercial and retail.
Rangers last week posted their most recent set of financial results, which revealed a turnover of £53.2m for 2018-19.
The club made losses of over £11m in the last financial year as they increased their turnover by £20.6m.
In other Rangers news, it can be REVEALED that Gerrard pal has shared his concern over the future of Ryan Kent at Ibrox.