Thread by @SwissRamble

After last night’s Europa League final, the estimates for this season’s Europa League revenue for Arsenal and Chelsea can be updated #CFC earned an additional €4m for winning the competition, bringing their total to €44m (£39m), while #AFC remain at €36m (£32m).

However, #CFC 2018/19 Europa League revenue of €44m (£39m) is €21m (£19m) lower than the €65m (£58m) they earned in the 2017/18 Champions League. It includes: participation €2.9m, prize money €18.3m, UEFA coefficient €3.4m & TV pool €19.1m.

Despite reaching the final, #AFC 2018/19 revenue of €36m (£32m) is €2m (£1m) lower than the €38m (£33m) they earned for getting to the semi-final in 2017/18. It includes: participation €2.9m, prize money €14.3m, UEFA coefficient €3.4m and TV pool €15.6m.

#AFC and #CFC have been hit by the UEFA coefficient, a new distribution method for 2018/19, based on performances in UEFA tournaments over past 10 years. Although rated highest of the Europa League clubs (#CFC 6th, #AFC 9th), only €84m is distributed among the 48 clubs in EL.

This means that #AFC and #CFC only receive €3.4m from the UEFA coefficient, despite being the highest ranked in the Europa League. They would have earned significantly more for this element if they were in the Champions League: #CFC would have got €29.9m; #AFC €26.6m.

Also worth noting the impact of the TV pool for clubs in the group stage: (a) half based on previous season’s domestic competition; (b) half based on current season’s Europa League progress. #CFC get 60% of first half as FA Cup winners, while #AFC only get 40%.

My estimates for TV pool earnings are: #CFC €19.1m and #AFC €15.6m. #AFC is much lower than 2017/18 (€29.0m) for 3 reasons: (a) they qualified that season as FA Cup winners; (b) the other English club #EFC did not get out of group; (c) money moved to UEFA coefficient in 18/19.

Note that these 2018/19 Europa League revenue numbers are only estimates. Key assumptions: (a) English TV pool increases by 30%, in line with the new BT Sports deal; (b) this has then been split 2/3 TV pool, 1/3 UEFA coefficient, as per total prize money distribution.

The benefits of qualifying for the Champions League over the Europa League are clear. As it stands, English CL clubs have earned well over twice as much as EL clubs (with CL winners due to receive additional £4m):

#LFC £95m
#THFC £90m
#MUFC £83m
#MCFC £82m
#CFC £39m
#AFC £32m