Uefa To Pay $2.28b Prize Fund To 32 Champions League Teams

GENEVA (AP) — UEFA has announced big increases in Champions League prize money topping $2 billion next season, to be paid out in a new system favoring elite clubs with most historical success. Three-time defending champion Real Madrid is already sure to earn more than 50 million euros ($60 million), plus a share of Spanish television rights money, before playing a game next season. The 32 Champions League teams kicking off in the group stage in September will share a prize fund of 1.95 billion euros ($2.28 billion), up from 1.4 billion euros ($1.6 billion) this season, UEFA said Tuesday. A new distribution system sees 30 percent — 585 million euros ($683 million) — of the fund now allocated via a points table ranking teams by 10 years of UEFA competition results and European trophies won since the 1950s. It changes a system that better rewarded clubs from the most valuable broadcasting markets, such as England and Italy, by giving them a larger share of those rights deals, known as "market pool" money. Leicester earned more from UEFA in the 2016-17 season than eventual winner Real Madrid, in part because the first-time English champion earned 49 million euros ($57 million) in television money alone while reaching the quarterfinals.Read more on NewsOK.com

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