Rangers set for huge windfall from Celtic’s Arsenal woe
Scottish soccer club Rangers are set for a huge financial boost if their greatest rivals, Celtic, fail to pull off a shock win against Arsenal in the second leg of their Uefa Champions League match.
Should Celtic, as seems likely, fail to qualify for the group stages of the competition, Rangers will receive the entire US$9.6 million amount allocated by Uefa to Scottish teams.
As champions, Rangers are already guaranteed around US$5 million of that fund, but Celtic's exit - they trail 2-0 to Arsenal after the first leg - would see 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 will be guaranteed some US$16.7 million from the competition should Celtic be unable to overturn the two-goal deficit.
That will be a massive bonus to Rangers, with both clubs facing a financially difficult time this season.
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