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UEFA raising payments for clubs not in European competitions

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September 7, 2023
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Home Sports

UEFA raising payments for clubs not in European competitions

by News Wires
September 7, 2023
in Sports
UEFA raising payments for clubs not in European competitions 11 - Egyptian Gazette
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Clubs that fail to qualify for UEFA’s competitions are set to receive a greater share of revenue from the European governing body from next season under a new distribution model announced, according to Reuters.
UEFA and the European Club Association (ECA) signed a renewed working agreement until 2030 which will “bolster long-term stability and sustainable growth in European club football”, the governing body said in a statement.
The change will be effective from the start of the 2024/25 season, coinciding with a new format in UEFA’s Champions League, Europa League and Europa Conference League.

Under the new model for the 2024-2027 cycle, 7% of the revenue UEFA earns from the three competitions will be distributed to clubs not competing in them, up from 4%.

The European Leagues Association, which represents professional soccer leagues in Europe, said the change will result in 308 million euros ($330.02 million) being shared among non-participating clubs, up from the current 175 million euros.

“Today’s announcement … will help all clubs across Europe to safeguard their competitiveness on and off the pitch while keeping investing in youth and talent development,” they said in a statement.

UEFA said further details of the new system will be unveiled at a later date.

Tags: ClubsPaymentsRaisingUEFA

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