By Wayne Veysey

17th Jun, 2020 | 4:00pm

Revealed: Rangers land £2.3m windfall & another £20m+ on the way to Ibrox

Rangers will receive £2.3million in prize money for finishing runners-up in the recently-terminated SPL season.

But that windfall pales in comparison with the expected £20m+ bounty they are set to land from their Europa League campaign set to continue into August.

The £25m pot paid to the 12 SPL clubs for 2019-20 will see second-placed Rangers net £2.4m, equivalent to 9.6 per cent of the kitty.

It is a far cry from the sort of sums secured in the English Premier League, where even the team finishing bottom can earn nearly £100m a season from the mammoth broadcasting deals.

Nevertheless, the two Rangers cash boosts means their revenues from 2019-20 should not be too far from that earned the previous year, despite the financial chaos caused by the pandemic.

Rangers are already well on course to comfortably exceed the £14m of revenue generated from their European campaign last season, which ended at the group stage.

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Rangers have already earned a guaranteed £7m from Uefa’s distribution programme this term.

In addition, Ibrox sources have told Football Insider that Scotland’s second-richest club expect to pocket a further £13m at least once their extended European campaign is complete.

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.

The Glasgow giants are still to play the second leg of their Europa League last-16 clash against Bayer Leverkusen for this season, and that is set to be played in August.

European competition provides the gateway for a massive spike in revenues for Scottish clubs.

In December of last year, Rangers posted their most recent set of financial results, which revealed £14m of their turnover of £53.2m for 2018-19 came from their Europa League run.

In other Rangers news, the club are laying down detailed centre-forward signing plans that include Ivan Toney but also stretch beyond him.