UEFA is cutting prize money for the Champions League and the Europa League for the next five seasons. The European Football Association is forced to do so due to the financial consequences of the corona crisis, The Times reports.
According to the British newspaper, UEFA would have informed the clubs that it is missing 514 million pounds (563 million euros) in television and sponsorship income. The Champions League and Europa League were finished in a slimmed-down form and on neutral ground in August. For example, the public was not welcome and the knock-out phase was about one instead of two duels.
In last season’s forecast, 2.5 billion was reserved for the European participants, of which 1.95 billion for the 32 teams in the group stage of the Champions League. However, all clubs now have to hand in four percent of the TV and sponsorship money for the coming years.
The Times calculates that Manchester City earned 96.2 million euros in the Champions League last season. The Citizens now receive 3.8 million less and have 92.4 million left. The Dutch participants in the European competitions, this season Ajax, AZ, Feyenoord and PSV, are also affected by the measures.
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