Celtic’s Champions League exit hands Rangers huge windfall
Celtic's exit from the Champions League after a 5-1 aggregate defeat to English club Arsenal has seen their great rivals, Rangers, handed Uefa's entire Scottish Champions League budget.
Rangers, who are yet to sign a single player and whose chief executive, David Murray, resigned yesterday, will receive the entire US$9.6 million amount allocated by Uefa to Scottish teams in the Champions League group stages.
As champions, Rangers were already guaranteed around US$5 million of that fund, but Celtic's exit sees the US$4.6 million earmarked for the Bhoys instead go to their cross-city rivals.
A qualification bonus of around US$3.8 million, as well as further guaranteed payments of US$3.3 million for the six group games, means Rangers are guaranteed some US$16.7 million from the competition, with far more available should the club perform well.
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