Sport
Kieran Maguire: Rangers bank £18m+ as UEFA make new announcement
Kieran Maguire has shared the UEFA prize money earned by all British clubs in the 2022/23 season, with Rangers having earned £18.2million for their participation in the Champions League.
The finance expert shared the latest figures via his X account [8 February], with Celtic having earned £26million from the competition thanks to their two group stage draws while Rangers lost all six games.
Manchester City, meanwhile, earned £130million for winning the competition, putting further financial distance between the biggest clubs in Scotland and those in England.
That money coming in now will have been budgeted into the club’s spend this season, particularly with the heavy £4.5million signing of Mohamed Diomande, with European – preferably Champions League – qualification crucial to incoming funds.
When these figures are released next year, Rangers may well overtake their Old Firm rivals thanks to their qualification out of the Europa League group stage while Celtic were the proverbial whipping boys of their Champions League group.
We know how much group stage qualification benefits clubs, with that often the difference between an increased transfer spend and pinching pennies regardless of any league finish, so Celtic’s qualification this season could be crucial.
Rangers, however, have progressed from their Europa League group and will aim to go as far as they possibly can in the competition, with hopes of replicating and bettering their position under Giovanni van Bronckhorst in 2022.
