UEFA has published the revenue distributions for the Champions League and Europa League in the 2020/21 season. Although these are very close to the modelled figures that I have previously provided, I thought some people might like to have the final, official figures.
Unsurprisingly, the two Champions League finalists earned the most with winners #CFC and #runners-up MCFC receiving £105m and £104m respectively, followed by #RealMadrid and #PSG, both £96m, then #FCBayern £81m and #LFC £77m.
Clubs in the Europa League received a lot less with winners #Villarreal getting only £29m, followed by semi-finalists #AFC £26m and #ASRoma £21m, then #THFC £16m. Runners-up #MUFC earned £15m after dropping down from the Champions League, while #LCFC got £14m.
The financial incentive for finishing in the top four is clear, as the average earnings of England’s Champions League representatives of £89m are nearly five times as much as the £19m average of the Europa League clubs.
#MUFC £70m represents their total earnings from Europe, split into £54m from the Champions League (eliminated at the group stage) and £15m for reaching the Europa League final. Note: they only receive participation fee and UEFA coefficient from the senior competition.
In Spain #RealMadrid led the way with £96m for reaching the semi-final, while the other three Champions League representatives also earned well for getting to the last 16: #FCBarcelona £74m, #Atleti £66m and #Sevilla £59m. #Villarreal received £29m for winning the Europa League.
#FCBayern received £81m after their quarter-final exit, while #BVB earned £69m for reaching the same stage. The Europa League representatives that qualified for the group stage, Bayer Leverkusen and Hoffenheim, averaged £15m after getting to the last 32.
Even though #Juventus £73m, #Lazio £47m and #Atalanta £44m all reached the last 16, the bianconeri received much more, due to their higher UEFA coefficient and TV pool. #ASRoma were one of the highest Europa League earners, but their £21m was far below the Champions League clubs.
#PSG earned £96m after reaching the Champions League semi-final, which was around as much as all the other French clubs competing in Europe, followed by Marseille £41m and Rennes £28m. Lille and Nice earned £16m and £11m respectively in Europa League, due to high TV pool.
#RangersFC earned £11m after reaching the Europa League last 16, while #CelticFC received £7m after failing to get out of the group. The Hoops will earn considerably more from next season’s Champions League, as will Rangers if they manage to reach the group stage.
Porto were the only Portuguese club to qualify for the Champions League group stage, earning £65m after progressing to the quarter-finals. The two clubs that reached the Europa League last 32, namely Benfica and Braga, received around £10m.
#Ajax earned £41m (Champions League group stage £37m plus Europa League quarter-final £4m), which was nearly twice as much as the other Dutch clubs combined: PSV Eindhoven £9m, AZ £7m and Feyenoord £6m.
Turkey’s sole Champions League qualifier, Istanbul Basaksehir, earned £20m (mainly participation fee) after failing to get out of the group. This was over twice as much as Sivasspor, who received £8m for reaching the Europa League group stage.
For completeness, let’s now take a quick look at the other clubs that qualified for the Champions League group stage, covering representatives from Russia, Ukraine, Austria, Belgium, Denmark, Greece and Hungary.
No fewer than three Russian clubs qualified for the Champions League group stage, but they only registered a single win between them. Despite that poor record, they had decent revenue (Zenit £30m, Lokomotiv Moscow £23m and Krasnodar £23m), mainly due to the UEFA coefficient.
The good UEFA coefficient also helped the two clubs from Ukraine in the Champions League earn well with Shakhtar Donetsk receiving £37m and Dynamo Kyiv £30m, both clubs benefiting from high UEFA coefficients.
Austria’s representative, RB Salzburg, earned £30m, largely from the participation fee and a decent UEFA coefficient.
Belgium’s Club Brugge also received £30m, boosted by a creditable performance in the group stage (2 wins and 2 draws), which resulted in €7.7m prize money.
Midtjylland from Denmark earned £18m, largely from the participation fee €15.3m, as their prize money, UEFA coefficient and TV pool were all on the low side.
The Greek representative, Olympiacos, received £31m, despite only winning one game in the group, as they were helped by a €15.5m UEFA coefficient.
Hungary’s Ferencvaros earned £16m, largely from the participation fee €15.3m, as prize money, UEFA coefficient and TV pool were all on pretty low.
These figures are now a full season out-of-date, but hopefully they will still be helpful to some, especially as the way that the revenue distribution is calculated is not completely intuitive. Also highlights the financial benefit of finishing in the Premier League top four.
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While Manchester City have hit some bad form on the pitch recently, their financial results for the 2023/24 season were pretty impressive, featuring a new Premier League revenue record of £715m and a substantial £74m profit #MCFC
City's revenue slightly increased to £715m, which means that this has risen by more than a third (£180m) in just five years from the 2019 pre-pandemic level of £535m. Growth has been led by commercial, which now accounts for 48% of total income #MCFC
Player trading has become increasingly important to City, having made £122m in 2022/23 and £139m in 2023/24. Up until 2019/20 the club had not generated more than £40m, so they have significantly improved this area of their operations #MCFC
Review of Rangers' financial results for the 2023/24 season, when when they finished as runners-up in the SPFL Premiership for the third year in a row, were defeated in the Scottish Cup Final, but did win the League Cup. Also reached the Europa League last 16 #RangersFC
After two years of small losses, when they very nearly broke-even, Rangers lost £17m before tax, mainly because profit from player sales dropped from £24m to £6m #RangersFC
Rangers' revenue rose £4.5m (5%) from £83.8m to a club record £88.3m, which means that this has grown by an impressive £35.1m (66%) in the last five years from £53.2m #RangersFC
Review of Manchester United's financial results for the 2023/24 season. As always, #MUFC are the first Premier League club to publish their accounts.
The period included official confirmation of the deal whereby Sir Jim Ratcliffe acquired a 27.7% stake in United.
On the plus side, revenue rose £14m (2%) from £648m to a new club record of £662m, while profit from player sales increased from £20m to £37m, United's best result for 15 years #MUFC
However, the pre-tax loss quadrupled, widening by £98m from £33m to £131m, the second worst in United’s history. Club has posted a loss 5 years in a row, compared to healthy profits in five of the six years up to 2018/19 #MUFC
A deep dive into this summer's transfer window, focusing on the Premier League, but also looking at the other major leagues.
Chelsea had the highest gross transfer spend in the Premier League for the third year in a row, i.e. ever since the Clearlake Capital crew arrived, with a hefty £265m.
Lowest gross spends were at Manchester City £25m and Liverpool £43m.
#CFC #MCFC #LFC
However, Chelsea once again had the highest player sales of £186m, followed by Aston Villa £172m and Manchester City £168m.
#CFC #AVFC #MCFC
As Sunderland prepare for the new season, I took a look at the club's focus on sustainability. How close are they to achieving this and what are the implications for the performance on the pitch? #SAFC
The last available accounts from the 2022/23 season are now a full year out of date, but they still offer some indications of how well the strategy is working #SAFC
The bad news is that Sunderland have reported losses 17 years in a row, adding up to a hefty £272m. However, more positively, the club has drastically reduced the size of its losses, averaging less than £7m in the last four years, compared to £20m in the preceding decade #SAFC
A review of Ipswich Town's finances, as they return to the Premier League after 22 long years away. Focus is on the latest available accounts from 2022/23, but also has comparisons with Championship clubs and some estimates for the top flight #ITFC
Losses have been growing under the new owners, as they invested in the squad and infrastructure in an attempt to return Ipswich to former glories - which has clearly worked #ITFC
Even though they were in League One, 2022/23 was the first time that the club broke through the £20m revenue barrier since the last time that they were in the Premier League back in 2001/02 #ITFC