Kieran Maguire: Rangers still have around £10m left to chase from UEFA Champions League
Rangers still have over £9.7million left to chase from the UEFA Champions League despite starting the campaign on the back of two straight defeats.
Gers have lost 4-0 away to Ajax and when Napoli visited Ibrox, they left the Scottish capital with a comfortable 3-0 victory and the three points.
As every team gets £812.5k per point they earn, the Ibrox outfit are yet to earn a single pound from their performances in Europe this term.
Speaking to the This Is Ibrox, finance expert Kieran Maguire said (18:27), “This is the first season Rangers have qualified in many years and when the big teams went to UEFA, they were not qualifying for any European competitions.
“At the time, they were ranked 31st. Now, as the group stage will proceed Rangers will earn 930k (£812.5k) euro for every point they win. For a win, they’ll get thrice that amount
“Despite the bad start, they still have 11.2million euro (£9.7m) to chase.
“There is also money linked to the cash that is paid in by your national broadcaster. BT pay a lot of money to UEFA and a part of that comes back to UK clubs.
“Now, how that is split, we never get a straight answer, not from the clubs, not from UEFA.”
Go for it
Qualifying for the knockout rounds after this poor start is going to be extremely difficult for Giovanni van Bronckhorst’s men.
The fact that they suffered such heavy defeats, their goal difference is going to take a hit and it’s also going to be difficult for them to better that on head-to-head.
However, they will still try to do their best in every game, but they have two back-to-back games against Liverpool who are looking to silence their critics and their manager is under pressure.
They’re going to come out all guns blazing in the next two games, and any points from those games must be considered a bonus.
Gers can still beat Ajax at home and hope for a miracle in Napoli and these should be results that they must target as it will be a major financial boost for them.
We’re hoping that the Dutchman uses the international break as an opportunity to work hard with the underperforming players so that we see a different team in October.