Rangers likely set for record revenue after Champions League qualification, could hit £100million
Rangers are likely to have a club-record revenue this year following qualification to the Champions League group stage, according to Kieran Maguire.
Giovanni van Bronckhorst has steered his side back into the top European club competition, with the Gers absent for over a decade, after winning 1-0 in Eindhoven on Wednesday night to triumph 3-2 on aggregate.
The cash on offer is massive and has instantly boosted the club to the tune of close to €20million, with more to come depending on results and match-day takings, meaning that the European campaign could end up being worth more than £100million at Ibrox.
Writing on his personal Twitter account finance expert Maguire said: “Qualification to group stages of Champions League for Rangers guarantees €15.6m plus about €3m from market pool, a 10 year coefficient of about €4m & £6m from 3 group games.
“Add €2.8m for a win & €0.9m for draw, then it is likely to be a record revenue year & could hit £100m”.
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Whatever happens in the group stage the club will now bank some considerable money, and should the side be able to produce some more of the memorable nights seen last season it will be all the higher.
Drawn in a formidable group that contains Liverpool, Napoli and Ajax it will be some achievement to qualify from the group.
But it has been a while since a club has ultimately overcome the Gers in Europe now so who knows what could be in store in what is certainly an enticing group.
There will be no shortage of interest in any of those ties, which will no doubt boost the finances more, and positive results will be memorable for fans as well as on the balance sheet.
Despite a turbulent build-up to the game in the Netherlands, amid dropped SPFL points, Willie Collum red cards, and the fall-out from Alfredo Morelos being left out, the Light Blues showed a fight that is becoming characteristic on the continent.
It’s been a while but this club are back in the big time properly again, and will be financially rewarded as a result.
In other Rangers news, star man is being targeted to sign a pre-contract agreement this January.