Sources: Rangers set to land £25m+ windfall
Rangers are set to hit the jackpot by raking in £25million-plus from their European exploits this season, Football Insider analysis shows.
The Scottish title challengers are preparing for the Europa League semi-final second leg against RB Leipzig after already securing £10m from performance-related pay-outs this season.
In additions, Ibrox sources have told Football Insider, the club can expect to pocket a further £15m from top-ups as well as whatever they earn this week.
The Glasgow giants will secure another huge financial shot in the arm if they overcome Leipzig at Ibrox on Thursday night.
Uefa’s Europa League distribution data shows that Rangers can earn another £3.3m if they overcome the German side in the two-legged clash and reach the final in Seville on 18 May.
The Europa League has proved very lucrative during the last four seasons and been critical to the club’s balance sheet as well as their ability to attract new players.
Subscribe to Football Insider TV now
Ibrox sources have told Football Insider that Scotland’s second-richest club will top up the £10m already earned from performances with cash from the Scottish clubs’ share of the TV pool, their increased Uefa co-efficient ranking as well as commercial and merchandise income.
The return this season of bumper crowds at 50,000-capacity Ibrox means Rangers have already surpassed their 2019-20 European earnings of £20.7m from the competition.
The final sum depends on their progress on Thursday and whether they reached what would be an extremely lucrative final in Spain in a fortnight’s time.
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 around a quarter of their turnover of £47.7m for 2020-21 came from their Europa League run.