Finance expert Kieran Maguire has revealed Glasgow Rangers will receive at least £30m if they reach the Champions League group stages next season.
Maguire makes Rangers finances claim
The Gers booked their place in next season’s Champions League qualifiers after winning the Scottish Premiership. In order to reach the first round proper, they will need to go through two two-legged ties.
Speaking to Football Insider, he said:
“If we take a look at Rangers finances for 2020, they had total revenues of £59m, of which £13m came from TV money.
“We don’t know what’s happening with ticket sales next year but if we work on the basis that fans are to be allowed back, then it would have a significant impact.
“Just getting to the group stages of the Champions League should generate £30m as a bare minimum. Potentially, it could be £40m if they perform well in the group.
“They also have three extra home games which should be generating the thick end of £1.5-2m each. They will be able to charge premium prices for hospitality packages and so on.”
The chance to play in Europe’s premier club competition is a huge boost for all involved with the 55-time Scottish champions. While they have performed relatively well in the Europa League across the last two terms, reaching the round of 16 on both occasions, the Champions League represents a big increase in quality and is a true test of a player’s ability.
Will Rangers be in the Champions League group stages next term?
Not only is it good news on the pitch, it is massively important off of it, as Maguire points out. £30m is big in every league, but in Scotland, where many of the sides in the top flight do not have access to anything close to that, it is even more amplified. Steven Gerrard must do all he can to prepare his side for those two huge matches at the start of next season.
In other news, Rangers fans are livid at this billboard vandalism.
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