How much cash did Rangers land for Europa League win over Sparta?
Photo by Ian MacNicol/Getty Images

How much cash did Rangers land for Europa League win over Sparta?

Rangers defeated Sparta Prague 2-0 on Thursday to seal progression to the Europa League knockout round playoff.

It was a perfect first game in charge for new manager Giovanni van Bronckhorst, with Alfredo Morelos producing in front of goal and the defenders and goalkeeper combining to keep a clean sheet.

Alfredo Morelos scoring the first of his two goals against Sparta Prague in the Europa League. (Photo by Ian MacNicol/Getty Images)

It was also a very significant night for the club financially.

Rangers’ failure to qualify for the Champions League was a considerable early-season blow and the team’s indifferent form in EL Group A under Steven Gerrard meant that good chances to pick up substantial win bonuses were squandered.

GvB got it right straight away, though, and secured a considerable cash boost in the process.

This season, every win in the Europa League group stage is worth €630k (£534k) [UEFA].

However, given its significance for the final standings in Group A, this victory also secured a pair of additional payments.

Rangers have landed a runners-up bonus of €550k (£467k) and a bonus of €500k (£424k) for qualifying for the knockout round playoffs.

That means that in GvB’s first match in charge, he secured €1.68m or £1.43m for the club.

It was a productive first night in charge for GvB. (Photo by Ian MacNicol/Getty Images)

The board will be delighted that such a sizeable cash boost was secured, particularly given the heavy loss shown in the recently published annual report.

So far this season, Rangers have made a total of around €7m (£5.9m) in prize money from UEFA and more is up for grabs in their final group stage fixture away at Group A winners Lyon next month.

Should the Gers then win their playoff tie and qualify for the last 16, they’ll land an additional €1.2m (£1.02m) [UEFA].

Meanwhile, two Premier League clubs are reportedly looking to snap up a Rangers gem on a pre-contract deal.