Rangers earn £17.5m for Champions League exploits despite zero points
Rangers have earned a handy £17.5million for what they have done in the Champions League this season, according to Swiss Ramble.
The Light Blues failed to register a single point in the group stage but still received 10 per cent of the UK TV prize pool as a result of making it that far as well as prize money for getting out of the qualification process.
Celtic, meanwhile, were awarded £25million for their two draws in the group stage while some of the difference is also covered by UEFA’s 10-year coefficient ruling in which the Hoops have been regulars in compared to Rangers.
“The return of Scottish clubs to Champions League group stage led to €29m earnings for Celtic and €20m for Rangers,” The Swiss Ramble said via their Twitter account.
“Main difference is UEFA 10-year coefficient, where Rangers suffer from not qualifying for Europe for first half of period. Highest amounts from €15.6m participation fee.
“Scotland is allocated 10% (€6.8m) of UK TV pool, based on population. Celtic receive slightly more as the first half is split on final position in last season’s Premiership. Rangers lost all 6 group matches, so receive no prize money, while Celtic get €1.9m for 2 draws.”
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After the chaos of the past 10 years, it is only logical that Rangers are somewhat behind Celtic in the eyes of UEFA but that gap is very rapidly diminishing at the moment.
Even with six defeats from six in the group stage, Giovanni van Bronckhorst’s side still managed to earn more coefficient points than any other Scottish side this season due to their dramatic path through the qualifying matches.
Pair that with an extraordinary run to the Europa League final last season and you have already usurped anything Celtic have managed in the time the Light Blues had away from the European scene.
In the next few years, the Bears could easily go beyond what the green side of Glasgow has managed whether that be under van Bronckhorst or another manager.
But before then, they have to negotiate the first hurdle of reclaiming their crown as the kings of Scotland by taking the Premiership title back to Ibrox.
In other Rangers news, the club have had to pay a total of £21million to two men who were instrumental in what happened 10 years ago.