Rangers have banked close to £12m in UEFA prize money for their exploits in the Champions League and Europa League this season.
The Gers are still licking their wounds from a narrow 3-2 aggregate exit at the hands of Portuguese powerhouses Benfica earlier last week.
Having earned a spirited 2-2 draw in Portugal, hopes had begun to build about a lengthy run to the Europa League Final in Dublin but alas the campaign ends with at the Round of 16 stage.
Rangers’ recent run of injuries and a lack of quality depth have come back to haunt them but with the guts of £12m banked this season we can look forward to a busy summer.
How much did Rangers earn in UEFA prize money in 23/24?
Rangers stand to make a pretty penny from their earlier foray to the Champions League playoffs, where the club was eventually beaten by PSV Eindhoven.
Having beaten Servette in an earlier round, Rangers banked €500k from QR3 before earning a €5m parachute payment for reaching the Playoff round.
In total, it means the Ibrox side banked €5.5m (£4.7m) for their early season exploits in Champions League qualification with the club eventually dropping into the Europa League.
Every team which qualifies for the Europa League earns a very specific €3.63m UEFA payment whilst every win is worth €630k and every draw €210k.
Rangers won three matches, and drew two, meaning they earned a total of €2.31m in prize money for their performances in the group stage.
On top of this, Rangers won an additional €1.1m for topping the group whilst their Round of 16 clash with Benfica earned them a final €1.2m.
Put it together and from the Europa League, Rangers earned €8.24m (£7.04m) in prize money.
Combine that with the Champions League total and Rangers have raked in the sum total of €13.74m (£11.75m) in UEFA prize money this season.
Figures sourced from UEFA editorial.
Rangers in timely Europa League cash boost
Whilst the final figure doesn’t include TV money or any commercial income gained through our European exploits, they give an insight into the financial power of European football.
As Rangers look to continue to build under Philippe Clement, the money generated from this Europa League run will help grow the team heading into next season.
Rangers have a big summer ahead of them with numerous first-team players out contract and several of the club’s squad only at Ibrox on a loan basis.
Whatever happens – be it in striking new contracts or turning those temporary deals into permanent ones – it’s going to be a big summer and there will be changes.
There are some major decisions to make and Rangers will need every penny they can get when it comes to making them.
That being said, the club are certainly moving in the right direction in the transfer market, as one fresh international call up proves.
