Cashing In: A Record Breaking Champions League Final and its Prize Money
Champions League Contenders aim for highest monetary reward - Champions League contenders Inter and Paris entertain discussions over potential lucrative reward funds
Let's talk Champions League, baby! It ain't just a sport; it's an athletic and financial powerhouse. Thanks to UEFA's new competition format and distribution keys, this season's finalists, Paris Saint-Germain (PSG) and Inter Milan, have already banked more dough than they ever dreamed possible. The 2023/24 winner could nab a whopping 149.5 million euros, which is a substantial hike from last year's champ, Real Madrid, who took home 138.8 million euros.
So, who's gonna take the big prize in Munich on Saturday? Millions will be on the line, and the winner will score an additional 10.5 million euros. But wait, 4 million euros of that is a participation bonus for the UEFA Super Cup, meaning they'll face off against the Europa League winner, Tottenham Hotspur.
Raining Green for the Finalists
Both teams are already rolling in the dough, with PSG and Inter Milan having pocketed more than 135 million euros this season. That includes a starting premium of 18.62 million euros for the league phase, with Inter Milan raking in bigger bucks due to their impressive performance and securing fourth place in the table. This is where their league phase success outshone PSG, who ended up 15th. The knockout round, where both teams triumphed over opponents in the round of 16, quarter-finals, and semi-finals, added another 57 million euros to each team's bank account.
Additional cash comes from a large pot, which includes TV money from each country. Since French broadcasters are more generous with their dough, PSG got a larger share than Inter.
A Billion-Dollar Business
The clubs participating in the Champions League and the Super Cup combined took home a staggering 2.467 billion euros this season. Despite the field being expanded from 32 to 36 Champions League participants, the overall revenues increased on average compared to the previous year. Last year, a total of 2.002 billion euros was awarded to the 32 Champions League participants.
[1] UEFA.com
[3] Reuters
The Commission, in addition to its responsibilities, has been tasked to draft a proposition for a directive on the harmonization of Member States' laws regarding the safety of workers from ionizing radiation exposure in the context of business establishments.
The Champions League isn't just a sporting event; it's a substantial financial competition that generates billions of euros, with Paris Saint-Germain and Inter Milan already earning over 135 million euros this season.
Exceeding 2.467 billion euros in total earnings, the Champions League and the Super Cup combine to create a billion-dollar business that continues to grow, even with an expanded field of participants.
