Champions League Revenue 2022/23 (estimate)

Days in Europa

Quick update on the TV money earned to date by clubs from the major European leagues in the 2022/23 UEFA Champions League after this week’s semi-finals.

I will go into a bit more detail for the English clubs, explaining how each element is calculated, and also include earnings for the Europa League and Europa Conference.

Although these figures have been modelled, they should be reasonably accurate, though I have had to make an assumption that the total TV pool payments for each country will be the same as the distribution in 2021/22.

England

Obviously, clubs competing in the Champions League earn substantially more than the other competitions with England’s representatives averaging €92m, compared to only €29m in the Europa League and €21m in the Europa Conference.

All four of England’s clubs in the Champions League got to the last 16 at least. Manchester City have gone all the way to the final, so lead the way with €127m, which is also the highest in Europe, followed by Chelsea, who earned €94m after making the quarter-finals.

Despite being eliminated in the last 16, Liverpool and Tottenham received €82m and €64m respectively.

The amounts earned in Europe depend on four elements:

• Participation fee

• Prize money

• UEFA coefficient

• TV pool

The percentage split varies by competition, e.g. in the Champions League this is participation fee 25%, prize money 30%, UEFA coefficient 30% and TV pool 15%.