By Wayne Veysey

13th Dec, 2019 | 5:00pm

Rangers set to land sensational £18m windfall - Ibrox Sources

Rangers are in line for a blockbuster Europa League windfall of around £18million, Football Insider can reveal.

The Scottish title challengers secured a place in the knockout stages of the competition last night to land a massive financial shot in the arm.

Uefa’s Europa League distribution data shows that Rangers have already earned £2.6m from their group stage allocation and £700,000 for progressing through the Europa League qualification rounds over the summer.

The club’s excellent performances in their six group stage matches, which yielded two wins and three draws, has also netted £1.4m.

By qualifying for the knockout stages, Rangers have landed a £900,000 bonus as well as a further bonus of £420,000 for finishing second in a group that included Porto, Feyenoord and Young Boys.

In addition to the guaranteed £6m sum, Ibrox sources have told Football Insider that Scotland’s richest club expect to pocket a further £12m.

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This would come from the Scottish clubs’ share of the TV pool, their increased Uefa co-efficient ranking as well as matchday, commercial and merchandise income.

There have been bumper attendance at 50,000-capacity Ibrox for the group stages this season, as well as in the Europa League qualifiers.

There is set to be plenty more cash to come if Steven Gerrard’s much-improved side can progress through the knockout stages of the Europa League when the competition returns in February.

Rangers last week posted their most recent set of financial results, which revealed a turnover of £53.2m for 2018-19.

The club announced that £14m of revenue came from a European campaign that ended at the group stage.

In other Rangers news, it can be REVEALED that Neil Lennon is “scared to death” of two Ibrox players ahead of rematch that is now even more hugely anticipated.