How much Rangers will lose after Europa League exit vs Jagiellonia
Rangers are set to miss out on a significant windfall after their Europa League exit.
Derek McInnes' side could only draw 1-1 with Jagiellonia at Ibrox on Thursday, another embarrassing result for the Light Blues.
The Gers dropped down to the Europa Conference League, the third tier of European football after that result.
It is a sign of how bad things have been under the new boss so far, and paints a worrying picture going forward.
As well as the reputational damage that competing in that competition, it also impacts the finances in Govan.
A new update has been shared on the hit that the Bears will take after the elimination.
The financial impact of Rangers' Europa League exit laid bare
The financial implications of the Gers' exit from the second tier competition has been made apparent.
A report from the Daily Record on Saturday claims that McInnes' side will take a £5million hit.
It labelled the result as a "nauseous nadir" of Andrew Cavenagh's reign as chief.
That kind of money would have been a major boost to the transfer budget, but now they will not be able to rely on that.
How it is already affecting Rangers' business
We may have already seen the impact of the exit on their transfer business.
The Gers had agreed a £7m deal for Couhaib Driouech from PSV, but the deal has now collapsed.
The Moroccan winger was at the game, but apparently a medical issue saw the G51 side pull out of the deal.
The Eindhoven-based outfit seemed to deny that the issue was that bad, with the Auchenhowie side believing he would be out for six weeks.
They are understood to have tried to renegotiate terms as a result, but it may have been to try and reduce the financial impact, after losing out on the Europa League money.
One thing is for sure, the lack of prize money and extra revenue will likely hit the Glasgow club hard, especially if the market as they try to add more talent.
That means it will be harder to catch up with Celtic and Hearts in the Scottish Premiership, even if their European trophy hopes may have been made a bit easier.