MX23RW : Sunday, August 19 02:10:41

UEFA announces Champions League, Europa League prize money increase

UEFA announces CL, EL prize money increase
UEFA announces that revenues for competing in the Champions League, Europa League and Super Cup will see an increase of £787m next season, from £2.06bn to £2.84bn.

UEFA has announced that revenues for competing in the Champions League, Europa League and Super Cup will see an increase of £787m next season.

Last season, clubs were given a share of £2.06bn, but that figure has now gone up to £2.84bn.

However, UEFA has stated that £457m will be deducted to pay for organisational costs and solidarity payments.

Qualification for the group stage of the Champions League is now worth a guaranteed £13.35m, plus £2.36m for a win and nearly £800,000 for a draw.

Teams will also get additional payments calculated on previous results - known as the coefficient ranking - and finally a share of the television market pool.

Meanwhile, clubs competing in the Europa League next season will receive a share of £490m, an increase from £350m last season.

Real Madrid face city rivals Atletico Madrid in the UEFA Super Cup in August, and both clubs will receive £3.06m for competing in the match, while the winner will collect an additional £870,000.

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