Philippe Clement has been quick to highlight budget differences when Rangers compete in the Europa League.
However, the under-pressure Ibrox boss has been notably quiet about financial disparities when his team struggles against domestic opponents.
In Scotland, only one club has greater financial resources than Rangers, yet the team continues to fall short in the Premiership. Their recent Scottish Cup exit against Queen’s Park has only intensified scrutiny.
But just how significant is the financial gap between Rangers and their southside rivals?
Kieran Maguire Exposes Rangers’ Financial Advantage Over Queen’s Park
Football finance expert Kieran Maguire has broken down the financial contrast between Rangers and Queen’s Park on social media.
The numbers highlight a staggering disparity, as Rangers assess the fallout from their shock Scottish Cup defeat.
The 1-0 loss to Queen’s Park has all but ended Rangers’ domestic campaign, with Celtic on course for a sixth treble in nine seasons.
Maguire’s analysis reveals that Rangers’ annual revenue vastly exceeds that of Queen’s Park, while their wage bill is over 20 times higher. Additionally, the cost of Rangers’ squad outweighs Queen’s Park’s by an astonishing £49 million.
| **Revenue (£m)** | 88.31 | 3.86 | 84.45 |
| **Wages (£m)** | 61.19 | 2.75 | 58.44 |
| **Transfer Fees 2024 (£m)** | 21.06 | 0.00 | 21.06 |
| **Squad Cost (£m)** | 48.99 | 0.00 | 48.99 |
Kris Boyd Criticizes Rangers’ Financial ‘Excuses’ in Europe
Former Rangers striker Kris Boyd has criticized Philippe Clement for citing financial disparities following the club’s Scottish Cup defeat to Queen’s Park.
Boyd pointed out that while Clement frequently references budget differences when facing stronger teams in Europe, he avoids discussing financial advantages when Rangers fall short domestically.

“Philippe Clement talks about budgets when facing teams far superior to Rangers in Europe and against Celtic,” Boyd told *Sky Sports*.
“But when they lose games like yesterday, he doesn’t mention it—it’s all about the chances they created.
“Nobody cares how many shots you’ve had or how many chances you’ve created. The only thing that matters is the final result.
“A lot of Rangers fans are fed up with Philippe Clement’s excuses.”
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