Rangers banked £18.1million from their Europa League run to the Final last season, UEFA have revealed in their annual financial report.
And Celtic still managed to rake in £9.2m from their European campaign last season, despite being eliminated from all three competitions. The Ibrox side made it all the way to the Final in Seville last May before agonisingly losing on penalties to Bundesliga side Eintracht Frankfurt.
UEFA's financial report for last season reveals how they distributed their prize money with each club receiving a starting fee to play in the competition, along with money for wins and draws and further funds due to the TV market poll, the team's coefficient standing and subsequent progress. And Rangers' final prize fund saw them receive £3.15m from the starting fee, £800,000 for their coefficient, £2.5m for their TV market pool, £2.1m for their group stage performance, £430,000 for their knockout round win, £1.05m for their round of 16, £1.5m for their quarter-final success, £2.45m for their semi-final win and £4m for being runners-up.
Additionally, each club received more money with UEFA's Europa League surplus share pushing Rangers' tally up to £18.1m. Winners Eintracht Frankfurt received a bumper prize money payment of £33.3m with their far more lucrative TV pool increasing their final tally.
Celtic ended up getting £9m for being eliminated in the group stage of the competition and they also received a further £200,000 for losing in the UEFA Conference League knockout round to Bodo/Glimt. Neither side received any Champions League prize money because both lost in the qualifying rounds.
Rangers can expect a bumper payment next season despite their Champions League nightmare this term - the report revealed that last season each group stage team earned an average of £53.4m with even the lowest – Moldovans Sheriff Tiraspol – earning £20.7 million.
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