Report: Newcastle to receive financial windfall if Rangers succeed

Newcastle are reportedly set to receive a healthy financial windfall if Rangers fulfil a key season aim.

The Daily Record says the Magpies will receive £500,000 if Rangers manage to secure promotion to the Scottish Premiership at the end of this season.

The payment was shown as part of the Gers’ accounts, and it is seen as part of the deal that saw five Newcastle youngsters agree loan switches to Ibrox in the January transfer window.

Two of these players have yet to play for Stuart McCall’s side, and only one - Haris Vuckic - has received any sort of consistent competitive football. It is not expected that three of them will play before the end of the campaign, despite the fact that Rangers are paying the wages for all five of the youngsters for the duration of the loans.

The deal with Mike Ashley will apparently see Newcastle paid the £500,000 if McCall can lead Rangers to promotion to the Premiership, regardless of automatic or play-off promotion.

With Hearts already crowned champions, it will be up to the Gers to win promotion to the top flight through the play-offs, which they are all but guaranteed to qualify for as they sit on equal points with second-placed Hibs, with a game in hand.

The play-off tournament itself will be a challenge, but on Rangers' current form, Newcastle stand a good chance of a healthy windfall in the summer.

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