European clubs have agreed to distribute revenue from the Champions League and Europa League more evenly from next season, the European Clubs Association (ECA) and Uefa have confirmed.
The announcement comes amid concerns that the gulf between Europe’s richest clubs and the rest is widening.
“ECA and Uefa have together developed a revolutionary distribution mechanism for the Champions League and Europa League, aimed at sharing the competitions’ revenue growth more evenly among European clubs,” read a joint statement.
“A record funding pot of €2.24bn [£1.6bn] [per season] will be divided with a new focus on solidarity.
“A greater proportion of funds than ever before will go to Uefa Europa League participants, to participants in the qualifying rounds and to clubs in medium/smaller championships.
“The concept means more funding for all, because the new percentage-based system ensures that every stakeholder will benefit proportionally from the competitions’ continued growth.”
Via Reuters