Uefa, the governing body of European football, has revealed details of the prize money available to clubs competing in this season’s Champions League and Europa League as it released the inaugural edition of the Uefa Club Competition Landscape Report.
The report takes a look at the 80 clubs that will participate in the group stages of Uefa’s club competitions during the 2019-20 campaign.
Uefa has estimated that prize money that will be distributed to these clubs will amount to €2.5bn ($2.77bn). The Champions League will account for €1.9bn of this figure, with the Europa League prize money totalling €600m.
Uefa is forecasting that Champions League prize money will account for 26 per cent of clubs’ total revenue this season. In the Europa League, the figure is an estimated 18 per cent.
The Uefa Club Competition Landscape Report has been produced by Uefa’s Intelligence Centre, which was created in 2017 to assist policy-makers and decision-takers in making informed judgements.
For the first time on record, clubs participating in the Champions League and Europa League were required to publish their financial information. The 80 clubs reported combined revenues of €11.7bn and operating profits of €817m in their most recent reporting and, between them, covered 58 per cent of global transfer spending this summer.
At €3.98bn, summer transfer spending was up 55 per cent on 2018. Across Europe, transfer spending was up 29 per cent on last summer and 19 per cent on the previous record summer in 2017.
The release of the report comes amid continued debate over the future of Uefa club competitions. Earlier this week, Andrea Agnelli, chairman of the European Club Association (ECA), revealed that the organisation would be entering the second stage of its consultation over the reform process for competitions post-2024.
It came after reports that efforts from Uefa and elite European clubs to reform the Champions League into a competition that is essentially reserved for the top teams had seemingly fallen by the wayside amid opposition from smaller clubs.