Rangers' potential Champions League qualifying earnings
However, there is a significant difference in the UEFA payments for involvement in the league phase of the Champions League and Europa League.
Purely considering the equal shares starting fees, which does not factor in performance bonuses and the UEFA value pillar payments, there is a €14m gap.
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For winning in the play-off round and advancing to the Champions League league phase, Rangers would bank €18.62m.
However, they would not be entitled to any payment for their involvement in the play-off round as that is not paid to clubs that qualify for the league phase.
UEFA guidance states: "A team that loses the UCL play-offs will receive no payments for participating in the qualifying rounds (but will receive the UCL play-offs amounts as well as the UEL league phase amounts both coming from the centralised phase distribution)".
If Rangers drop out of the Champions League and into the league phase of the Europa League, they would be paid the €4.29m fee for competing in the play-off round.
Rangers would also be paid the €4.31m for qualification to the league phase of the Europa League for the 2025/26 season.
If Rangers qualify for the Champions League:
Champions League league phase qualification: €18.62m
Champions League play-off involvement: €0m (payment voided due to qualification for league phase proper)
Total: €18.62m
If Rangers drop into the Europa League:
Champions League play-off involvement: €4.29m
Europa League league phase qualification: €4.31m
Total: €8.60m
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