Quick update on the UEFA Champions League 2019/20 revenue distributions after the completion of the quarter-finals. Analysis of amounts earned to date in the following thread.
Looking at how Champions League revenue is distributed in the current cycle, the importance of the UEFA coefficient is evident. TV pool is much less important than it was before. This rewards historically successful clubs rather than those with larger national TV rights deals. 
Each of the 32 clubs that qualify for the Champions League group stage receive a sizeable participation fee of €15.25m. This has increased by 20% from €12.7m in the previous broadcast cycle (up to 2017/18 season).
Bayern Munich have earned highest prize money to date with €49.8m, as they won all 6 games in group stage, worth €16.2m (€2.7m for each win), plus €1.6m for share of money left after draws, plus €9.5m, €10.5m and €12m for reaching last 16, quarter-finals and semi-finals.
UEFA coefficient is based on performances in UEFA competitions over 10 years, including bonus points for winning trophies. The €585m pot is divided into shares with each worth €1.108m, so the highest ranked club (Real Madrid) gets €35.5m, while Atalanta only get €2.2m.
Barcelona have highest Champions League 2019/20 revenue in Spain with €104m, followed by Atletico Madrid €95m, Real Madrid €84m and Valencia €61m. Spain has benefited most from the introduction of UEFA coefficient payment, thanks to their very successful record in Europe.
Bayern Munich have highest Champions League 2019/20 revenue in Germany with €111m. There is then a big gap to fellow semi-finalists RB Leipzig €72m (restricted by a low UEFA coefficient), Borussia Dortmund €69m and Bayer Leverkusen €41m.
Juventus have highest Champions League revenue in Italy with €87m, followed by Napoli €70m, Atalanta €57m and Inter €44m. Even though Atalanta were the only Italian club to reach the quarter-finals, their distribution is adversely impacted by a much lower UEFA coefficient.
Paris Saint-Germain have the highest Champions League 2019/20 revenue in France (and overall) with €118m, followed by fellow semi-finalists Lyon €89m and Lille €37m (despite not winning a game). Lyon held back by low TV pool, due to only finishing 3rd in Ligue 1 in 2018/19.
Although no club from outside the Big Five leagues reached the last 16, some still generated good money from the Champions League. Including estimates for the TV pool, the highest earners were Benfica €52m, Ajax €48m, Shakhtar Donetsk €44m and Zenit St Petersburg €42m.
Caveats: (a) TV pool based on last season’s numbers; (b) TV pool assumes distribution will not be impacted by single game ties from QF onwards; (c) it is very likely that there will be reductions in the usual revenue distribution arising from COVID rebates to TV companies.
