By Wayne Veysey

Rangers’ participation in this season’s Europa League has earned them a guaranteed £4.2million, based on Uefa figures.

The Scottish giants netted the sum from competing in Europe’s secondary club competition this season as well as through performance bonuses.

Uefa’s Europa League distribution data shows that Rangers earned £2.5m from their group stage allocation, £680,000 for progressing through the qualification rounds and a further £1m in prize money for their performances in the group stages.

The £4.2m figure will be further topped up by 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, nearly all of which were sell-outs, as well as commercial and merchandise spin-offs from those games.

Rangers got eliminated at the group stage after failing to progress from a group that included Villarreal, Spartak Moscow and Rapid Vienna.

In other Rangers transfer news, it can be REVEALED that an Ibrox 26-yr-old whose name regularly sang by fans is to be told to find new club.