By Sean Fisher

15th Sep, 2023 | 11:58am

Revealed: Rangers on course for £75m+ announcement

Rangers are set to announce club revenues of £75million-plus in their next set of financial accounts, Football Insider understands.

The Scottish side posted a club-record turnover of £86.8million in their 2021-22 accounts, but that figure is expected to drop slightly when the next results are posted later in the autumn.

However, revenues of over £75million will still be viewed as a success by the Rangers hierarchy, who continue to work towards the club’s sustainability following their liquidation in 2012.

Turnover in 2021-22 was heavily inflated by Uefa prize money earned by Rangers during their run to the Europa League final.

Gers earned £30.5million for their Europa League campaign in 2021-22, while the Champions League campaign in last season earned the club a lower fee of £25million.

Qualification fees and market pool payments were higher as a result of reaching the Champions League, but Rangers’ poor record in the group stage meant that they struggled to match the prize money earned during their Europa League run.

Rangers earned £28.4million in commercial revenues in 2021-22 and this is set to slightly increase in the 2022-23 accounts following the addition of Boxt as the club’s sleeve sponsor.

The Ibrox club also received £4.5million in compensation fees from Aston Villa to secure Steven Gerrard as manager in 2021, while Rangers forked out £5million in compensation to sack Giovanni van Bronckhorst and hire Michael Beale from QPR last season.

Rangers were once again successful in the transfer window, making a profit of £12million across 2022-23 thanks to the sales of Joe Aribo and Calvin Bassey, but it wasn’t enough to make up for losses elsewhere.

Overall, Football Insider understands that the Scottish giants are on track to reveal a turnover of £75million-plus during the club’s next AGM.

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