Official update: Rangers set to benefit from £206.2 million payout
UEFA have taken the decision to hand out £206.2 million in funding to its member associations as Rangers and other Scottish clubs are impacted by the ongoing Coronavirus pandemic.
With football suspended across Europe, several sides are struggling to stay afloat without the usual revenue generated by regular gate receipts and other fixture-associated incomes.
As such, the governing body have chosen to release funding of up to £3.7 million each to each of its 55 members.
An official statement from UEFA reads: “Uefa wants to help its members to respond in ways that are appropriate to their specific circumstances.
“As a result, we have agreed that up to €4.3m per association, paid for the remainder of this season and next, as well as part of the investment funding, can be used as our members see fit to rebuild the football community.
“I believe this is a responsible decision to help as much as we can; and I am proud of the unity that football is showing throughout this crisis.
“Without doubt, football will be at the heart of life returning to normal. When that time comes, football must be ready to answer that call.”
What does this mean for Rangers?
It can only be good news, truth be told.
We are all fully aware of the challenges being faced by clubs across Europe, and the threat posed to Scottish football is probably greater than most given how many sides operate on such tight margins.
In truth, the Gers are probably one of the few clubs who have the size and infrastructure to get through this crisis relatively unscathed, but it is equally important that the Scottish game as a whole is left in the healthiest state possible for whenever it does return to normality.
This injection of cash will hopefully go some way towards ensuring that is the case, and everybody, Rangers included, should benefit as a result.
In other Rangers news, Ibrox View: PL move for Gers big name would be painful twist in controversial saga.