Rangers are eyeing another massive Europa League windfall as they look to add to their £17.6million bounty from the competition this season, Football Insider can reveal.
The Scottish title challengers won their Europa League group in early December and have already secured £6.6m from performance-related pay-outs.
In additions, Ibrox sources have told Football Insider, the club can expect to pocket a further £11m from top-ups as well as whatever they earn from the knockout stages.
The Glasgow giants will secure another huge financial shot in the arm if they win the round-of-32 tie against Antwerp starting next week.
Uefa’s Europa League distribution data shows that Rangers can earn another £930,000 if they overcome the Belgian side in the two-legged clash on the next two Thursdays.
The Europa League has proved very lucrative during Steven Gerrard’s three seasons as manager and been critical to the club’s balance sheet as well as their ability to attract new players.
In this season’s campaign, Rangers have 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, has also netted £2.4m.
By qualifying for the knockout stages as group winners, Rangers have landed a £900,000 bonus.
Ibrox sources have told Football Insider that Scotland’s second-richest club will top up the £6.6m with cash 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 go close to their 2019-20 European earnings even if they do not surpass last season’s round-of-16 exit.
What the final sum will be depends on their progress in the knockout stages.
Rangers’ recent financial results demonstrated the value of European competition, with the Europa League bringing in £20.7million last season.
For the year ending 30 June 2020, the club confirmed that revenue had increased from the previous year to £59million but they posted a loss of £15.9m, an increase of £4.3m on the 2018-19 campaign.