How much Rangers have made in Europa League prize money this season as huge last 16 bounty looms large

There can be little doubt, Rangers have been good for the Europa League, and the Europa League has been good for Rangers.

The competition has provided the Ibrox club to re-establish themselves on the continental stage and they've served up some hugely memorably moments over the past few seasons.

None more so than last Thursday's stunning victory over Borussia Dortmund, which puts Giovanni van Bronckhorst 's side on the brink of the last 16.

Obviously, the benefits have not only been reputational, but financial as well.

Consistent progression to the knockout stage carries big incentives, even in UEFA's second-tier tournament and the club, who issued £4m in shares on Tuesday, have reaped considerable rewards.

Get all the latest Rangers news sent straight to your Inbox every day by signing up to our newsletter.

We cover every morsel of information regarding your favourite club in the form of articles, videos and podcasts.

The newsletter will arrive every day at 12pm, giving you a round up of the best stories we've covered that in the last 24 hours.

To sign up, simply enter your email address into the link here.

And if you aren't already, make sure you join the conversation over on our Rangers Facebook group and Record Sport Instagram.

But just how much have Rangers earned from this year's exploits so far?

Here, Record Sport Online crunches the numbers.

Qualifying for group stage

£3,038,274

Group stage wins

£527,303 x 2 = £1,054,606

Group stage draws

£175,767 x2 = £351,534

Qualifying in second

£460,344

Reaching last 16 play-off

£418,940

TOTAL PRIZE MONEY = £5,323,698

Should Rangers hold off Dortmund in Thursday's last 16 play-off second leg at Ibrox, the club will bank a further £1,005,457 - a figure that's almost 20