Rangers will land a substantial cash reward from UEFA if they hold their nerve in the second leg of their Europa League Round of 32 tie against Royal Antwerp.

The Gers bring in advantage into Thursday night’s fixture at Ibrox after pulling off a 4-3 victory in Belgium last week.

Royal Antwerp FC v Rangers FC - UEFA Europa League

Borna Barisic’s two penalties helped Rangers to a dramatic 4-3 win. (Photo by Jeroen Meuwsen Fotografie/BSR Agency/Getty Images)

The tie is far from over, though, particularly given that two key Rangers players have been ruled out, while Antwerp have several big players back available for selection.

However, if Steven Gerrard’s side are able to progress to the Last 16, they will be rewarded handsomely by UEFA.

The Times reported earlier this season that the governing body are making minor cuts to prize money pots over the next five years in a reaction to the financial impact of the pandemic.

However, last season, the reward for progressing from the Round of 32 was €1.1m (approximately £949k) [UEFA.com].

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That’s roughly equivalent to two group stage wins and a reward in that region would no doubt be very well received by the Gers board, as they attempt to steer the club through choppy waters while matches continue to be played behind closed doors.

Royal Antwerp FC v Rangers FC - UEFA Europa League

Steven Gerrard’s Rangers will earn a substantial cash reward from UEFA if they hold their nerve in the second leg against Royal Antwerp. (Photo by Herman Dingler/BSR Agency/Getty Images)

The rewards only get bigger the deeper Rangers go in the competition, too.

Last season, qualifying for the quarter-finals triggered a payment of €1.5m, while the payout jumped to €2.4m for reaching the semi-finals and to €4.5m for getting to the final.

Last year’s winners, Sevilla, then received an additional €4m in prize money [UEFA.com].

In a bid to make up for the loss of matchday revenue, Rangers have announced an ‘innovative’ virtual event for Thursday night’s game.

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