Rangers are set to rake it in from their stunning Europa League exploits this season after securing a last-16 berth with their epic Thursday night triumph over Royal Antwerp.
The Scottish champions-elect produced some devastating attack play to complete a 9-5 aggregate win at Ibrox and clinched another major cash bonanza.
Uefa’s Europa League distribution data shows that Rangers have now earned a guaranteed £8million from performance-related pay-outs this season.
Top-up cash could rocket their European windfall past the £20m mark.
Rangers landed a £950,000 pay-out with Thursday’s thrilling 5-2 win, which guarantees a place in the last-16 of the Europa League for a second consecutive season.
The Glasgow giants had already earned £2.6m from their group stage allocation on top of the £700,000 for progressing through the Europa League qualification rounds at the start of the season.
The club’s outstanding performances in their six group stage matches, which yielded four wins and two draws, also netted £2.4m.
By qualifying for the knockout stages as group winners, Rangers landed a £900,000 bonus and that was topped up by £450,000 for qualification for the round-of-32.
Ibrox sources have told Football Insider that the club will earn multi millions to top up the £8m rom performances alone.
This would come from the Scottish clubs’ share of the TV pool, their increased Uefa co-efficient ranking as well as commercial and merchandise income.
Even in the absence of bumper crowds at 50,000-capacity Ibrox, Rangers can expect to at least match their 2019-20 European earnings.
Proud 💙🇬🇧 pic.twitter.com/J713dEiWu0
— James Tavernier (@James_Tavernier) February 25, 2021
Rangers’ last financial results demonstrated the value of the Europa League.
For the year ending 30 June 2020, the club confirmed that £20.7m of their total £59m revenue had come from the competition.