UEFA announce increase in prize money for European competitions

The previous year saw clubs being given a share of £2.06billion. However, that is set to increase to £2.84bn.

Of that larger figure, £457million will be deducted to pay for organisation costs and solidarity payments.

For next season's Champions League, the total sum of £1.71bn will be split into four categories.

Each of the 32 clubs that qualify for the group stage can expect to receive a minimum of £13.34m each. Group stage performances will then be rewarded with £2.36m for a win and £787,000 for draw.

For the knock-out ages, clubs will receive £8.31m for reaching the Round of 16, £9.19m for the quarter-finals, £10.5m for the semi-finals and £13.12m for reaching the final.  The winner will then receive an additional £3.5m.

Clubs competing in the Europa League next season will receive a share of £490m, an increase from £350m last season.