Kieran Maguire: Rangers bank £18m+ as UEFA make new announcement

Kieran Maguire: Rangers bank £18m+ as UEFA make new announcement

Kieran Maguire: Rangers bank £18m+ as UEFA make new announcement

Rangers earned £18.2 million for their Champions League participation, and Kieran Maguire has divided the UEFA prize money won by all British clubs in the 2022–2023 season.

The financial expert revealed the most recent data on his X account on February 8. Rangers lost all six games in the competition, while Celtic earned £26 million from their two group stage draws.

Meanwhile, Manchester City’s £130 million prize for winning the competition increased the financial gap between the largest teams in Scotland and England.

Rangers earning money from the Champions League
The club’s spending for this season, especially with the significant £4.5 million purchase of Mohamed Diomande, will have taken that money into account. Qualifying for Europe, ideally the Champions League, will be essential to the club’s ability to receive new funding.

Rangers may surpass their Old Firm opponents when these statistics are revealed the following year because they advanced from their Europa League group stage, whereas Celtic was the obvious winner of their Champions League group.

Celtic’s qualification this season could be vital since we know how much group stage participation helps clubs. It can frequently be the difference between increasing transfer spending and cutting costs regardless of league finish.

Rangers, on the other hand, have advanced out of their Europa League group and will try to advance as far as they can in the competition in order to improve and duplicate their standing under Giovanni van Bronckhorst in 2022.

Ally McCoist and Alan Brazil discussed a live on-air transfer of Lawrence Shankland in other Rangers news.

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