UEFA TV Money by Club and Country 2024/25

How Beautiful Life Can Be

Paris Saint-Germain thrilled fans worldwide with their dazzling 5-0 victory against Inter in last Saturday’s Champions League final, thus concluding UEFA’s club competitions for 2024/25.

The lesser tournaments were dominated by English sides, as Tottenham beat Manchester United in the Europa League, while Chelsea defeated Real Betis in the Conference League.

As always, success on the pitch boosts earnings, especially after a steep increase in the TV money available for distribution, following the introduction of a new format that led to more teams taking part and more games being played.

New Format

In particular, the group stage of 32 clubs, divided into eight groups of four, was replaced by a single league competition of 36 clubs.

Under the old format, a team in the group stage would play three opponents twice (home and away), but from 2024/25 a team plays eight games against eight different opponents (four matches at home and four away) in the Champions League and Europa League – six games in the Conference League (three home, three away).

After the league phase was concluded, the top eight sides in the league qualified automatically for the last 16, while the teams finishing in 9th to 24th place competed in a new two-legged knockout round to decide the other eight slots in the last 16. Teams that finished 25th or lower were eliminated.

Importantly, UEFA have removed the “parachute” that was available for eliminated clubs, as there is no longer and drop down available. Under the old format, teams that finished third in their group dropped down to the next competition, i.e. from Champions League to Europa League and from Europa League to Conference League.

Revenue by Club

Based on my model, I have estimated the TV money received by each of the 108 clubs in UEFA’s European competitions for the 2024/25 season.

A few caveats before we get going:

• This only covers TV money, so excludes revenue from additional home games and any uplift in commercial deals.

• This review only looks at money earned after reaching the league stage, so excludes any income from qualifying rounds.

• The numbers for participation fee and prize money are fixed, but the new value pillar includes some assumptions around the size of each country’s TV deal.

On this basis, as you would expect, the two Champions League finalists earned the most: PSG received a hefty €145m, which is a new record for UEFA club competitions, while Inter’s pain from their paddling would have been slightly eased by €134m.

Five other clubs trousered more than €100m, namely Barcelona €118m, Arsenal €118m, Bayern Munich €106m, Real Madrid €105m and Borussia Dortmund €101m, while Liverpool were just shy of three figures with €98m.

Similarly, the two Europa League finalists earned the most in that competition, as Tottenham received €41m, as Big Ange continued his habit of winning a trophy in his second season at a club, while Manchester United got €36m as runners-up.

There was then a fairly big gap to the other clubs in this competition, as the next highest earnings were Athletic Bilbao €25m, Lazio €24m, Eintracht Frankfurt €24m and Bodo/Glimt €24m.

Income was even lower in the Conference League. Chelsea might have completed a clean sweep of European trophies, but their feat was only worth €22m this season, while Real Betis got €17m for reaching the final. The semi-finalists, Fiorentina and Djurgarden, received €14m and €13m respectively.