Rangers target £10 million prize money as they prepare to face Braga in Europa League

The Scottish champions have already guaranteed themselves UEFA prize money of €9.36 million (around £7.8 million) by reaching the quarter-finals of a European tournament for the first time since 2008.

They now have the opportunity to add to that bounty with a further bonus of €2.8 million (around £2.3 million) going to each of the clubs who reach the last four.

The impressive progress of Giovanni van Bronckhorst’s squad in the competition provides a significant financial boost to Rangers for whom sustained European income is a key factor in achieving what managing director Stewart Robertson recently predicted will be ‘a very probable profitable situation this season’.

Rangers posted a loss of over £24 million last year as the impact of Covid-19 saw their overall revenue slump by 19 per cent.

They received £11.7 million from their run to the last 16 of the Europa League last season, the absence of supporters from home games taking that figure down from the £20.7 million they earned in reaching the same stage in 2019-20.

With capacity crowds back at Ibrox this season, Rangers can now anticipate total revenue well in excess of £20 million from their Europa League run - ticket sales, corporate and commercial revenue and their share of the TV market pool is likely to be worth in the region of £15 million.

If Rangers reach the final in Seville on May 18, further prize money of €4.6 million for the runners-up and €8.6 million for the winners is on the line.

The UEFA Europa League trophy which will be up for grabs in this year's final in Seville on May 18. (Photo by Odd Andersen/AFP via Getty Images)

A message from the Editor:

Thank you for reading this article. We're more reliant on your support than ever as the shift in consumer habits brought about by coronavirus impacts our advertisers.

If you haven't already, please consider supporting our trusted, fact-checked journalism by taking out a digital subscription.