UEFA announce Champions League, Europa League prize money increase

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

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

However, UEFA have stated that 457m pound will be deduced to pay for organisational costs and solidarity payments.

Qualification for the group stage of the Champions League is now worth a guaranteed 13.35m pound, plus 2.36m pound for a win and nearly 800K pound 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 pound, an increase from 350m pound last season.

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

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