Rangers fans are counting the emotional cost of their Europa League Final defeat to Eintracht Frankfurt, but the Gers will also feel the financial cost of losing out in the competition too.
Giovanni van Bronckhorst’s side were defeated 5-4 on penalties by Eintracht Frankfurt after a 1-1 draw forced the game to spot kicks.
Aaron Ramsey would miss the decisive spot kick for Rangers in a moment that will hurt for a long time as the club narrowly miss out on European success.
But whilst the wounds are still fresh for the Rangers supporters, financially the impact of failing to lift the trophy could be monumental.
Victory in the Europa League would’ve worth around £90m to the Ibrox side, according to the Scottish Daily Express.
Between prize money, automatic qualification to the Champions League, contesting the European Super Cup and the TV money it all adds up to a veritable fortune in Rangers terms.
But now the Ibrox side will have to hope they can qualify for the Champions League via the qualifiers, a great source of frustration for the club, who missed out automatic qualification by being pipped to the Scottish Premiership title by Celtic.
Rangers count financial impact of failing to lift Europa League
The financial situation may not be at the forefront of many Rangers’ fans minds right now but it adds insult to injury following a bitterly disappointing match.
But there is some saving grace in the fact that the club’s Europa League run to the final has earned the Gers more than qualification for the Champions League group stages would’ve.
That’s according to club managing director Stewart Robertson, who made the claim pre-match.
“The run we’ve had now is probably slightly more than we would have had from qualifying for the Champions League. It’s a terrific boost, it allows us to do so many things,” said Robertson [Heart & Hand].
“Beyond the money, it’s the profile. You look at the profile the players get and the ability to attract new players when you come to the summer.
“I think when you’re in a European Final it makes the club much more attractive.
“Financially it’s been a fantastic addition to what we budgeted for so that allows us to look at strengthening the team in the summer, it allows us to continue with the infrastructure projects we still have to do around the stadium and training ground.
“So it’s been a fantastic boost to the club’s finances.”