With Rangers looking dead certs for 55 this season, Ibrox Noise’s Derek made a very keen point but a very subtle one, and it’s not just about the glory of finally winning our league again.
It’s about the Champions League, and the filthy lucre available.
As we discussed yesterday, Porto, who Rangers more than matched last season, were comfortable this season in their CL group, and went through with games to spare.
This more than demonstrated how competent Rangers would be at that level under Stevie – which means when we go into the qualifiers next summer, the chances, assuming progression continues, of making the group stage are extremely high.
And that’s important, because in one fell swoop, Rangers will completely eradicate the £15M loss from the accounts, to the tune of massive profit.
That’s right, the last time Rangers were in the CL, the club would get £10M total from being in the group stage alone (excluding the prize money for the qualifiers). But that was a decade ago.
It’s more like £25M. TV rights values have inflated, and the prize money has too.
But that’s not all, should Rangers get the glorious bonus of Celtic not making the group stage, the cash allocated for Scotland’s participation will exclusively go to Rangers, making the simple act of getting to the groups worth a stunning £35M off the bat.
In an instant, the accounts are sorted, and loss is overturned to the tune of £20M profit.
Celtic made £32.4M in 2018 for being in the CL, because, as usual they were the only Scottish team there.
That all changes next season.
And that’s why £15M gets wiped out overnight, should Rangers make it to the group stage next season.