English clubs received £4.14m and Scottish clubs £359,196 from Uefa, European football's governing body, for releasing players to play in Euro 2008.
The BBC reports that Arsenal were England's top recipients, earning £732,760 for the efforts of players such as Spanish European Championship winner Cesc Fabregas whilst in Scotland Celtic earned £272,989, compared to four figure sums picked up by Inverness and Rangers.
German side Werder Bremen were highest earners overall, taking in £935,107.
England's overall sum comes in third behind Germany and Spain in the list of top earning countries, despite the national team failing to qualify for the tournament. Overall 39 players from the English top flight, 23 of them from the top four of Arsenal, Chelsea, Liverpool and Manchester United, competed in the tournament.
Premier League champions Manchester United earned the fourth highest amount in England, £440,614, while Chelsea and Liverpool came second and third with £702,827 and £607,641 respectively.
Scottish Premier League side Inverness Caledonian Thistle were paid £57,471 for the services of Romanian striker Marius Niculae, almost twice the £28,736 Rangers received for the Czech Republic's Libor Sionko.
The sums are calculated by Uefa, with clubs receiving compensation amounting to approximately £3,420 per player, per day and also take into account pre-tournament qualifiers.
The payments were agreed to last January as part of a deal to end a long-running dispute between the clubs and the governing bodies Fifa and Uefa.
English club payouts
Arsenal - £732,760
Chelsea - £702,827
Liverpool - £607,641
Manchester United - £440,614
Manchester City - £253,832
Aston Villa - £201,150
Portsmouth - £186,782
Middlesbrough - £167,624
Bolton Wanderers - £143,678
Newcastle United - £136,494
Southampton - £114,943
Birmingham City - £100,575
Blackburn Rovers - £100,575
Wigan Athletic - £95,786
West Ham United - £57,471
Reading - £43,103
Sheffield United - £40,709
West Bromwich Albion - £14,368
Scottish club payouts
Celtic - £272,989
Inverness Caledonian Thistle - £57,471
Rangers - £28,736
