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Celtic’s Euro earnings revealed, and it’s clear Rangers (sic) will be having a quiet January after their multiple European failures

Celtic are guaranteed £11.16m from the Europa League while Rangers have banked £923k. Here is what that gap could mean for the January transfer window.

Published: Wednesday, 21 October 2026 at 3:41 PM
Celtic’s Euro earnings revealed, and it’s clear Rangers (sic) will be having a quiet January after their multiple European failures
Key Things to Know
  • Eric Knott argues Rangers face a quiet January window following catastrophic early European exits.
  • Celtic have guaranteed £11.16m from the Europa League compared to Rangers' £923k return.
  • Hearts have secured £4.28m, also outearning Rangers in European prize money this season.
The Story in 60 Seconds

Writer Eric Knott argues that Rangers will likely have a quiet January transfer window following early exits from two European competitions. According to figures reported by the Daily Record, Celtic are guaranteed £11.16m from the Europa League, while Hearts are assured £4.28m from the Conference League. In contrast, Rangers banked only £923k after losing to Jagiellonia Bialystok and Jablonec.

Knott contends that missing out on roughly £20 million in expected European revenue clashes directly with Rangers' record summer transfer spending. Although Rangers chief executive Jim Gillespie and finance director Sara Bishop acknowledged lost income while stating existing plans remain unchanged, Knott asserts that the financial shortfall will heavily restrict the club's upcoming mid-season transfer business.

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