Glasgow Rangers are reportedly now set for a ‘huge’ financial boost as an off-field update has emerged.
The Lowdown: Busy summer ahead
With the likes of Connor Goldson and Allan McGregor out of contract in the summer, the Ibrox club may have a busy window on their hands in terms of replacing the departing members of the squad.
The Latest: £50m windfall
Writing in his latest piece for The Scottish Daily Express, Scottish football journalist Lindsay Herron has reported that Rangers will now bring in a windfall of close to £50m for the 2021/22 season, given their exploits in the Europa League.
Should Rangers have hired van Bronckhorst?
They got to the final of the European club competition, only to fall at the last hurdle as they were beaten on penalties by Eintracht Frankfurt.
They had pulled in £15.5m in total from the tournament, which added to over £20m in overall ticket sales along with a share of the £130m TV market pool money, which should all equate to just under £50m in revenue.
The Verdict: ‘Huge’ boost for Rangers
As per Herron, the amount of money being quoted is ‘huge’ in terms of balancing the books and further investment.
The Light Blues reported losses of £23.5m last year, so that should now be wiped out by the extra earnings from the recently-concluded campaign, while they will still have a fair amount of cash spare for the summer transfer window.
Along with bringing in new faces, it could also help to secure players like Goldson on new deals, which may be pivotal for Giovanni van Bronckhorst in terms of trying to keep his squad together.
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