The teams competing in this year’s Champions League are set for a bumper rise in prize money.
UEFA have announced that they have increased the rewards to the teams taking part by 38 per cent.
This year, a massive €1.95bn will be paid out to the 32 teams that have made the group stage of this year’s tournament, report the Manchester Evening News.
Manchester City , Manchester United , Tottenham and Liverpool will be representing the Premier League when the competition starts later this month.
The distribution of payouts are as follows:
- 25 per cent will be allocated to the starting fees (€488m)
- 30 per cent will be distributed on the basis of ten-year performance-based coefficient rankings (€585m)
- 15 per cent will be allocated to the variable amounts (market pool) (€292m)
- 30 per cent will be allocated to the performance-related fixed amounts (€585m)
The money in the starting fees pot is split evenly between the 32 teams in the group phase, meaning Manchester United and Manchester City – just like each of the other 30 teams – will each receive €15.25million just for making it into the competition.
Meanwhile, a new coefficient ranking has been introduced on the basis of the performance of each of the competition’s participating clubs over a ten-year period.
The total amount of €585.05m allocated to coefficient payments has been divided into ‘coefficient shares’, with each share worth €1.108m.
The lowest-ranked of the 32 teams will receive one share, while the second lowest will receive two shares, the third lowest will receive three shares and so on and so forth.
United are fifth in the coefficient rankings so will receive 28 shares (€31.024m), while City are 11th so will receive 22 shares (€24.376m).
With this in mind, United and City are guaranteed at least €46.274m and €39.626m respectively to go along with TV money and performance-related bonuses.
As City won the Premier League last season they will receive 40 per cent of the TV money distributed to English clubs, while United will receive 30 per cent for finishing second.
UEFA has not disclosed the proportion of the market pool that will go to Premier League clubs, making it impossible to accurately say how much TV money both Manchester clubs will collect.
United and City will also receive money based on their performances in the competition, with €2.7million awarded for a group-phase win and €900,000 awarded for a draw.
Clubs that make it into the last 16 will pocket €9.5million, while quarter-finalists will pocket €10.5million, semi-finalists €12million, finalists €15million and winners €19million.
City and United get their Champions League campaigns underway next Wednesday, with City hosting Lyon and United travelling to Switzerland to take on Young Boys.
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