Football finance expert Kieran Maguire has revealed Glasgow Rangers have closed the Old Firm revenue gap by a huge £48m.
The Lowdown: Rangers could be in for CL finance boost
Last term, the Gers won the Premiership title for the first time in 10 years, a huge achievement for the club from a sporting point of view.
However, financially, it could be even bigger, as their success means they will enter the Champions League in the third qualifying round – they are therefore just two rounds away from the lucrative group stages on the competition.
The Latest: Maguire provides update
Speaking to Football Insider, Maguire has revealed the Gers have closed the gap to Celtic in terms of revenue by £48m, and could even overtake their fierce city rivals provided they do well in Europe. He said:
“The revenue gap was £59million between the two and now it’s decreased to £11m. That was without Rangers playing in the Champions League.
“They need just one good season where they are more successful in Europe. If they are in the Champions League and Celtic are in the Europa League, for example.
“We are reaching an intersection point if Rangers are successful in the preliminary rounds.”
The Verdict: The right direction
As has been well-documented, the Gers have had their finance difficulties this century. In 2012, they went into administration (BBC) and, as a result, they were demoted to the fourth tier of the Scottish footballing pyramid. It has taken them a long time to get back to where they belong.
Will Rangers overtake Celtic in the next 12 months?
Now, though, things are on the up. Success domestically is a building block for positive European runs. If the Gers do reach the Champions League group stages and Celtic fail to do so, that could put them in a very strong position for a good few years to come.
In other news, Rangers fans were livid as this video emerged.
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