Rangers’ run to the Europa League Final will likely result in record revenues for the club in season 21/22, according to leading football finance expert Kieran Maguire.
Maguire is a reputable and knowledgeable voice on all things football finance and was speaking on BBC Scotland show the Nine.
As the dust settles on this iconic run to the Final in Seville, where Rangers were pipped by Eintracht Frankfurt on penalties, the impact of the club’s success goes beyond just the trip to Spain.
Maguire believes that when you combine everything from prize money, to gate receipts, to TV money, Rangers are on course to rake in £30m+ from the Europa League alone.
“As far as the prize money is concerned, its around about 19m (£16.5m),” said Maguire.
“On top of that, because Rangers have had nine fixtures at Ibrox they’re likely to have increased their total revenues by £15m.
“And then they get a share of the money that has been put in by BT Sport who are the biggest contributors in terms of broadcasting, so there’s probably another £4m-£5m in there.
Kieran Maguire: Rangers’ Europa League run worth north of £30m
“So if we add up all of those figures we’re talking in excess of £30m in terms of the achievements for this season.
“It allows Rangers to do two things; first of all it means Rangers won’t be forced to sell any players this summer, they will be in a position to try to qualify for the Champions League, and I think this year’s revenues or 21/22 are likely to be a record in the history of the club, surpassing the ones from 2007/08.
“In terms of the aim of the Rangers board of directors who want the club to be self-sufficient I think they’ll be practically there now.”
This backs up the comments of Ibrox managing director Stewart Robertson, who claimed the Gers had made more from the Europa League run than they would’ve Champions League group stage qualification.
The Rangers directors were also laughed at in the press by claiming they hope to become self sustainable by the end of this season.