Rangers riding high on UEFA money list

Rangers riding high on UEFA money list

Rangers riding high on UEFA money list

Glasgow Rangers have made no secret of their desire to become a self-sufficient club,

and the latest UEFA publication indicates that a solid foundation is being laid.

Since 2015, the board has invested tens of millions of pounds in the club to rebuild a subpar roster as well as restore and regenerate a scarred and bruised stadium.

Now, the idea is to take Rangers to the next level with a fully operational player trading mechanism that will complement cash generated by competing in Europe and a packed home stadium –

a UEFA report confirming just how much we are making from supporters attending Ibrox.

Rangers are high on the UEFA money list.

This week, the UEFA Intelligence Centre released a report that summarizes all of the financial outcomes of each member club and nation, ranking them in seven crucial areas.

Surprisingly, Rangers make the top 20 in gate income increase and are one position ahead of Celtic in 18th place,

despite not reaching the knockout stages of any European competitions during the reporting year.

To put things in perspective, we slipped five places from our Europa League final run in 201/22,

yet lost only £2 million in total income despite playing fewer games.

For those who are interested, the results ranged from £41.9 million in ’21/22 to £39.9 million in ’22/23,

demonstrating once again the financial benefits of qualifying for the Champions League.

Given the number of teams from the Premier League, Serie A, and La Liga that sit below us in the table,

this is undeniably noteworthy.

UEFA explains why we have such a high position:

“This list of the top 20 clubs features many of the usual suspects,

but the large supporter bases of Olympique de Marseille, Rangers FC, Celtic FC and AFC Ajax have propelled those clubs into the list.”

This season appears to be on track to generate a similar amount of revenue,

which will be required as Celtic bank Champions League funds once more.

The Europa League may not be the most lucrative in terms of TV revenue,

but a 50,000-seater stadium being full on another couple of occasions at £50 per head is not to be overlooked.

It demonstrates that we can compete with the big players in some areas,

albeit it may take some time before we start paying six-figure weekly salaries and nine-figure transfer fees.

For the time being, bosmans and the occasional £4 million transfer will suffice.

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