Finance Expert: Rangers earn more money in Champions League than Celtic
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley has insisted that Rangers have currently earned more windfall from the Champions League than Celtic in the 2022-23 season.
The Finance Expert predicted that the Bears will have taken home around £23million based on numbers compared to the Parkhead bank only bringing in £20million.
Those figures do not factor in money with the TV market pool either, so the figure is only going to increase for Rangers despite their shocking return to the competition.
“What UEFA do, there is €1.1million per share and they times that up to 32,” he exclusively told Ibrox News.
“So, the lowest ranking team get that, and the highest ranking team gets around €36million so Rangers are five places higher in the 32 that have been in the group stages, Rangers are five places higher than Celtic at the minute, because of their Europa League run, it’s based on past European performance.
“So, when you factor that together and go through the numbers €15.6million for getting in the group stage, no bonus money from points, but around €9million from the coefficient score, so that gets you to €24.7million, around £21.7million, add another £1.5million on from home games so that gets us to around £23million for Rangers, £20million for Celtic. £3million more is a good estimate.
“It doesn’t factor in the TV market pool, that will follow but from prize money and UEFA coefficient and matchday, about £23million is a good estimate.”
Where has this money gone?
Adding this to the success of the Europa League run to the final last season and Douglas Park must have struggled to shut the vault doors over the summer.
The Rangers board will be facing some tough questions in the upcoming AGM, and this may be one of them as disgruntled fans try to dissect countless failings this season.
In other Rangers news, this finance expert admits the Bears have numerous options on the table to generate more investment when needed