Football finance expert Kieran Maguire says Glasgow Rangers have closed a £332m deficit in nine years to their rivals at the top of the Premiership.
The Lowdown: Gers on top of Scotland
The Gers are at the top of Scottish football right now. Last term, they won the Premiership for the first time in 10 years, completing their return from the depths of the fourth tier.
They are also in with a chance of qualifying for the Champions League group stages if they can beat Malmo and get through one more round.
The Latest: Maguire makes claim
Speaking to Football Insider, Maguire says Celtic’s complacency has allowed Rangers to close a £332m gap to their fierce city rivals. He said:
“Not qualifying for the Champions League is going to hit them realistically by £25m.
“Champions League is also beneficial for your Uefa coefficient, which can be massive as far as seeding and European income are concerned.
“It’s indicative of how much that club has thrown away through arrogance and complacency.
“Since 2012 when Rangers had to start again in the lowest tier of Scottish football, Celtic made £332m in revenue more than Rangers. What have they got to show for it in 2021?”
The Verdict: Gers have roared back
When Rangers entered administration in 2012 (BBC), Scottish football was rocked. The Gers have long been one of the country’s two big powerhouses, and it was therefore a shock to see they had been so badly run. They were demoted to League Two as a result, and were forced to work their way up the divisions.
Will Rangers defend their title?
They have now done that, and are now a club that appears to have an idea what to do off the pitch as well as off of it. To make up £332m is no mean feat – the Gers will now be hoping to push on.
In other news, Rangers fans were livid with this man’s article.
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