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Football Clubs participating in the Europa League and the Champions league will receive a share of a £1.67billion prize pot, as UEFA increases its current funding of £1.2biilion by almost 40%. The new deal will see the money being split more evenly amongst the participants, with clubs from the Europa League getting increased revenue during the qualifying rounds.
The current president of UEFA, Michel Platini said: "Uefa should work with associations and clubs to find the best solutions."
Members of the European Club Association will be receiving £145 million for releasing their players during the Euro 2020. The payment will be £36 million more than what the ECA members will earn in the Euro 2016.
The money will be split amongst the ECA members which include big leagues like the English, French, Spanish and German, as well as the smaller leagues like Wales, Scotland, and Ireland.
The new deal will see two member of ECA be part of UEFA’s executive committee. The members selected will be from two of ECA’s 214 member clubs.
Chairman of ECA, Karl-Heinz Rummenigge, who is also the chairman of Bayern Munich added: "ECA is still a very young organisation and these achievements are an extraordinary success, which will strengthen the solidarity among the clubs and our sense of responsibility for football."
How will the new money boost be split?
32 clubs from the Champions League group stage will share £872 million (previously £696million) from next term, equating to an assured £8.7 million entry payment (which was £6.3million)
48 clubs from the Europa League group stage will share £277 million (previously £167million) from next term, equating to an assured £1.7million entry payment (which was £945,000)
