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UEFA Increases Prize Money For Champions League & Europa League NAIJA NEWS

As the appeal of European football grows across the globe, revenues for competing in the Champions League, Europa League and Uefa Super Cup will see a huge jump of £787m next season, Uefa have announced.

While clubs were given a share of £2.06bn last season, the figure has now jumped to £2.84bn following increased revenues for Europe’s football competitions.

Uefa however announced that there will be a deduction of £457m to pay for organisational costs and solidarity payments.

Reigning European champions Real Madrid face city rivals Atletico Madrid in the Uefa Super Cup in the Estonian capital, Tallinn, in August.

Los Blancos beat Liverpool 3-1 in an eventful Champions League final in Kiev, while Atletico defeated Marseille 3-0 in Lyon to claim the Europa League title.

Both Madrid clubs will receive £3.06m for competing in the match, while the winner will collect an additional £870,000.

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