Football finance expert Kieran Maguire has revealed that Glasgow Rangers have failed to match UEFA’s wage-to-turnover ratio this season.
Maguire reveals UEFA issue
The Gers have spent £43.3m on wages across the 2020/21 campaign, which represents 73% of their turnover – UEFA want clubs to hit 70% or below.
However, speaking to Football Insider, Maguire believes the Gers have actually done well this term given the effects of the ongoing global pandemic. He said:
“The UEFA target rate is below 70 per cent. But given that the 74 per cent contains an element of Covid in the sense that they weren’t able to play all matches last season in front of a paying crowd.
“It would have been lower if that wasn’t the case. So I think it’s a pretty decent achievement all-round.
“West Ham’s was 94 per cent, Everton’s was 91 per cent and we’re seeing some horrendous numbers coming through south of the border.
“Given that the Scottish clubs are more reliant on ticket sales than English clubs because the TV deal is worth much less, it’s good work from Rangers.”
Normally, those figures would be particularly alarming for Ross Wilson and co, and even in this current climate they will want to improve on those numbers as soon as possible. However, as Maguire explains, the Gers have been deprived of having fans at Ibrox, which is an important source of income for the 55-time Scottish champions.
Are you worried by this news?
An appearance in the Champions League group stage next season would only boost the Gers’ coffers. This is a promising time to be a Rangers fan or to be involved with the club – everyone must work to make sure the Gers remain on top of their finances.
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