Stewart Robertson explains financial reality of Rangers Champions League involvement
Stewart Robertson has revealed Rangers won’t receive “anywhere close” to £40million for their participation in the Champions League this season.
The £40million sum has been bandied about as a figure the Gers will receive for qualifying for Europe’s top competition for the first time in 12 years.
However, Robertson has revealed that only making it into the latter stage will generate such an amount.
As quoted by Rangers Review, Robertson said [21 September]: “Some think the money has fallen out of the sky but it’s not like that because we know we will be in the group stages of the Europa League. That’s budgeted. The £40m number is just wrong.
“Unless we perform really well, get through to the next round, even get through to the last eight, we are probably not getting anywhere close to £40m.
“I hope people can now see (the reality). I think we should have done more to get that message out earlier.”
Know the facts
It’s very easy for all fans to be swept into the assumption that Rangers were just going to be handed a cheque for £40million which they then have free rain to spend on who they want.
When the figure was suggested after their win over PSV Eindhoven, many jumped to the conclusion that the money would be available for Giovanni van Bronckhorst to invest in his squad. Hopefully, Robertson’s comments will now lower a few expectations when it comes to the future investment at Ibrox.
However, despite the Rangers chief playing down the amount they will receive, it’s essential that the club hierarchy give van Bronckhorst the resources to improve his squad in the coming transfer windows.
To compete in the Champions League was always going to be a big ask for the Gers, but using the incoming revenue to make them more competitive on the domestic front is an absolute must for the club hierarchy.
After a slightly more positive week at Ibrox, Robertson’s comments come at a good time to give fans an idea of what can be expected at Ibrox in the coming months.
In other Rangers news, Barry Ferguson is raging at this “spectacular failure” at Ibrox.