UEFA has announced major increases in prize money for its club competitions, with historically successful teams also set to benefit under the new system.
The latest plans will see more weight placed on prior performance rather than the strength of individual national television market pools.
The gross commercial revenues for clubs competing in the UEFA Champions League, the Europa League, and the Super Cup, is estimated at around €3.31bn.
Of the estimated gross amount of €3.25bn, €295m will be deducted to cover organisational costs relating to the competitions, with 7% set aside for solidarity payments.
The shake-up will see group stage performance bonuses paid for each match, with a win worth €2.7m and a draw totalling €900,000. Any remaining funds at the end of each group will be pooled and redistributed among the clubs playing in the group stage in proportion to their number of wins.
Clubs that qualify for the knockout stage will receive €9.5m for reaching the round of 16; €10.5m for the quarter-finals, €12m for the semi-finals, and €15m for the final. The winners will then pick up an additional €4m.
The new rankings for prior performance will be based on performances over a ten-year period. In addition to coefficient points accumulated during this period, this ranking includes bonus points for winning the Champions League, Champion Clubs’ Cup, Europa League, UEFA Cup, and the Cup Winners’ Cup.
On the basis of these parameters, a ranking has been established and the total amount of €585.05m has been divided into 'coefficient shares', with each share worth €1.108m. The lowest-ranked team will receive one share (approx €1.108m), with an additional share added for every rank, meaning the highest-ranked team will receive 32 shares, worth €35.46m.
Unsurprisingly reigning champions Real Madrid, who have won the last three UEFA Champions Leagues, are top-ranked among the 32 teams for next season.
The previous system saw greater rewards given to clubs based in the most valuable broadcasting markets, such as England and Italy. Under the new system, clubs will still receive an additional share of €217.1m, based on the value of each national television market.