By Wayne Veysey

Rangers have been able to afford the signing of Ryan Kent thanks to the bumper windfall they will pocket from this season’s Europa League, Football Insider understands.

The Light Blues agreed the second highest transfer fee in their history when they finalised the capture of Kent from Liverpool on Monday for £7.5million including add-ons.

Ibrox sources have told Football Insider that qualification for the Europa League group stages for the second year in a row was the key to completing the capture of the 22-year-old winger.

Rangers, whose most recent set of accounts revealed a turnover of £33million for 2017-18, expect to earn more than £7million from competing in Europe’s secondary competition, even if they do not reach the post-Christmas knockout stages.

Uefa’s Europa League distribution data shows the Glasgow giants have early earned £3.3million, made up of £2.6million from their group stage allocation and £700,000 for progressing through the qualification rounds.

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This sum will be further topped up by prize money for their performances in the group stages, the Scottish clubs’ share of the TV pool, the sum of which is yet to be confirmed, as well as through Rangers’ Uefa co-efficient ranking.

The Light Blues will also have made a profit on hosting seven Europa League matches at Ibrox, four of which have already taken place, as well as commercial and merchandise spin-offs from those games.

The Ibrox board held off on finalising the Kent deal until qualification for the group stages was secured through last Thursday’s memorable play-off triumph against Legia Warsaw.

Liverpool made it clear during extensive talks they wanted to offload their academy product on a permanent transfer rather than a loan or a loan-to-buy deal.

With Kent desperate to be reunited with Steven Gerrard for a second season, the Champions League holders were willing to wait until Rangers had a guaranteed ticket for Europe’s secondary competition before selling him amid strong interest from Club Brugges.

In other Rangers news, it can be REVEALED how the club have agreed the terms of a blockbuster £12million deal.