Participating in the UEFA Champions League can be extremely lucrative for a football club.
As such, it is considered the pinnacle competition by Europe’s elite teams, as a good performance can generate more revenue, especially if a club reaches the later stages of the tournament.
For the 2023/24 campaign, competition organizers have announced that total revenue for this season’s Champions League will remain the same as last season at €2.03 billion (£1.74 billion/$2.19 billion). .
Jugo Mobile brings you a full breakdown of the prize money allocations for participants in the group stage and knockout stages of the 2023/24 Champions League.
Champions League 2023/24 prize money
Last season, first-time winners Manchester City pocketed around €80m (£68.4m/$86.4m) in prize money throughout the tournament.
This time, the winner of the 2023/2024 Champions League could receive a maximum total of €85.14 million, but that would depend on the team having a perfect campaign from start to finish.
In general, there are several different ways in which teams participating in the competition can win prize money. The largest portion of money (55%) of the total prize is distributed among the clubs as a reward for their results in the competition, as described in the table below. The other 45% of the group is pided among the full 32 group stage participants in two different ways.
Performance-based prize money (55% of total)
| Scenery | prize money |
|---|---|
| Winner | €20m (£17.1m/$21.6m) |
| Runner-up | 15.5 million euros |
| Semifinalists | 12.5 million euros |
| Quarterfinalists | 10.6 million euros |
| round of 16 | 9.6 million euros |
| Victories in the group stage | 2.8 million euros |
| Group stage draws | €930,000 |
| Reaching the group stage | €15.64m (£13.37m/$16.89m) |
Payment of the coefficient (30% of the total)
Around 30% of the prize money (around €600 million) is paid to the 32 clubs in the Champions League group stage according to a coefficient algorithm that ranks your European performance over a 10-year period.
Teams are then ranked according to this algorithm from 1st to 32nd, with bonus points awarded for lifting European trophies, before money is paid out in shares based on the team’s ranking. The lowest ranked team wins one share (1.137 million euros), while the best ranked team wins 32 shares (36.38 million euros).
Broadcasting market payment (15% of total)
An additional €300 million (15% of the total) will be made available as part of the broadcast revenue once all broadcast agreements are finalized across the continent.
The national federation of each country represented in the UEFA Champions League receives a portion of this money based on the proportional value of each television market. Each national federation then distributes that money to participating Champions League clubs based on:
- 50% of the allocation to a national association will be pided between the participating clubs of that nation’s Champions League based on fixed percentages determined by UEFA.
- The other 50% is paid in proportion to the number of matches played by each club in 2023/24.
