Rangers managing director Stewart Robertson says the club would need to make the Champions League last eight if it were to bank eye-watering fees.
It had been widely reported that as a result of entry into the group stages of Europe's elite competition, the 2022 Europa League finalists and rivals Celtic were to bank £40 million. It's finances enough to change a club's entire model but Robertson says so much more needs done to achieve that at Rangers.
On zero points from two games in Group A with Ajax, Napoli and Liverpool, the MD says that £40m figure for group stage participation is fantasy, and that the actual fee they'll get is around half. He told Rangers Review: “Some think the money has fallen out of the sky but it's not like that because we know we will be in the group stages of the Europa League. That’s budgeted. The £40m number is just wrong.
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“Unless we perform really well, get through to the next round, even get through to the last eight, we are probably not getting anywhere close to £40m.
"And we know the challenge in doing that because you are up against the biggest clubs in Europe. I hope people can now see (the reality). I think we should have done more to get that message out earlier.
“In 2021-24 the distribution model changed. You get a base fee which is just over £13m, there's an added element of the market pool, but it's not a lot of money, maybe £1m or £2m which is based on the TV market compared against others.
"You also get a performance-based payment subject to how you do. Back in the day the Champions League was worth much closer to £30m but now it's going to be much closer, for us, to £20m. So there's a big, big difference. "
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