It's no secret that European football is a lucrative business, and that's certainly been the case for Rangers in the Europa League.

With plenty of bonus money up for grabs, Gers have given their finances a nice boost so far - and the Ibrox boardroom will be as keen as boss Philippe Clement to ensure that progress continues well beyond the last 16 after securing an impressive top eight finish. Rangers have saved most of their best football for European competitions so far, and their away form especially has ensured that fans have enjoyed plenty of trips to different corners of the continent.

Thursday nights are now special ones for Rangers fans, and they have relished Europa League action in recent seasons - turning in some special displays, especially on their run to the 2022 final where they suffered penalty shootout heartbreak against Eintracht Frankfurt. Last season hopes of another final ended against Braga at the last 16 stage, and that will have come as a huge disappointment - especially after topping their group, and registering a memorable double victory against Real Betis.

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This season away trips have yielded wins against Malmo and Nice, a draw with Greek big guns Olympiacos and a heart-breaking late loss against Manchester United. Despite Cyriel Dessers' best efforts. At home meanwhile a heavy defeat to Lyon was quickly flushed out of the system thanks to a rout against FCSB, whilst only getting a point at home to Spurs will have been a major frustration after a dominant 90 minutes. Despite cruising most of the game, a late USG goal and results elsewhere made the final league stage game a nerve-shredder - but Rangers did enough to bypass any playoff concerns, and bank themselves a nice bonus in the process.

Record Sport has crunched all the major numbers, so you don't have to.

Europa League prize money

• Winner : £10.95m

• Runner-up : £5.9m

• Semi-finalists : £3.54m

• Quarter-finalists : £2.11m

• Round of 16 : £1.47m

• Reaching knockout round play-off : £250k

• League-phase wins : £379k

• League-phase draws : £126k

• League-phase defeats : £0

How much have Rangers banked so far?

Taking the above numbers into account, Rangers have already boosted their transfer kitty courtesy of this year's revamped competition. Gers got £3.64m just from qualifying and topped up their prize money with performance-related bonuses. Wins over Malmo, FCSB, Nice and USG swelled the coffers by around £1.5m, with draws against Olympiacos and Tottenham adding another £252k to the pot - which totalled £1.768m.

• Malmo 0-2 Rangers (£379k)
  

• Rangers 1-4 Lyon (£0)

• Rangers 4-0 FCSB (£379k)
  

• Olympiacos 1-1 Rangers (£126k)
  

• Nice 1-4 Rangers (£379k)
  

• Rangers 1-1 Tottenham (£126k)
  

• Manchester United 2-1 Rangers (£0)

• Rangers 2-1 USG (£379k)

• Total: £1.768m

How much has Rangers league position earned them?

Rangers will also be due another chunky sum from UEFA for their final finishing position of eighth. Each position in the table is worth £63.4k, meaning the club that finishes 36th will earn that figure with an additional £63.4k added for every position higher - and the high-flying Gers have therefore netted a tasty £1.775m

For making it automatically into the last 16 Rangers know that they will earn at least an additional £1.47m as well as £252,800 add-on for being in the top, meaning that the league stage campaign in total has earned the Ibrox club more than £5m in bonus money. On top of the £3.64m earned just for making it into the main competition. All of that adds up to a grand total of £8.905m - without including ticket sales from four home matches, and for what promises to be a sell-out crowd for the last 16 match regardless of who the opponents are.