Rangers have landed a windfall of over £30 million from their European adventure, it has been revealed.
It’s already been reported that the Ibrox club raked in £15.5 million in UEFA prize money for their run to the Europa League final, where they ultimately lost out to Eintracht Frankfurt.
That sum is compiled by cash for wins, draws and incremental progression, as well as £1 million for the club’s 10-year coefficient.
And now football finance blogger Swiss Ramble has revealed that when TV money is added to that it takes the amount to £17 million.
The revenue from European match nights at Ibrox is estimated to be almost the same again, when ticket sales, hospitality and merchandise are brought into account, making the total accrued around £34 million.
This will all go a long way to soften the blow of losing out on guaranteed Champions League group stage football next season.
They could of course still reach that lucrative milestone, but will have to navigate two tricky qualifiers first.
Rangers reported losses of £23.5million last year – largely due to the massive impact of the Covid-19 pandemic.
And they have posted losses of over £80million in total over the past decade.