The teams competing in this year's Champions League are set for a bumper rise in prize money. UEFA have announced that they have increased the rewards to the teams taking part by 38 per cent. This year, a massive €1.95bn will be paid out to the 32 teams that have made the group stage of this year's tournament, report the Manchester Evening News. Manchester City , Manchester United , Tottenham and Liverpool will be representing the Premier League when the competition starts later this month. The distribution of payouts are as follows: 25 per cent will be allocated to the starting fees (€488m) 30 per cent will be distributed on the basis of ten-year performance-based coefficient rankings (€585m) 15 per cent will be allocated to the variable amounts (market pool) (€292m) 30 per cent will be allocated to the performance-related fixed amounts (€585m) The money in the starting fees pot is split evenly between the 32 teams in the group phase, meaning … [Read more...] about Champions League prize money increased
Premier league prize money
UEFA has increased the Champions League prize money on offer to the competition's participating clubs by 38%. A whopping €1.95bn will be paid out to the 32 clubs across the course of the tournament, with the distribution of those funds as follows: • 25% will be allocated to the starting fees (€488m). • 30% will be distributed on the basis of ten-year performance-based coefficient rankings (€585m). • 15% will be allocated to the variable amounts (market pool) (€292m). • 30% will be allocated to the performance-related fixed amounts (€585m). The money in the starting fees pot is split evenly between the 32 teams in the group phase, meaning Manchester United and Manchester City - just like each of the other 30 teams - will each receive €15.25million just for making it into the competition. Meanwhile, a new coefficient ranking has been introduced on the basis of the performance of each of the competition's participating clubs over … [Read more...] about How Champions League prize money changes will affect Utd and City
Geraint Thomas will collect just shy of £450,000 for winning the Tour de France - but will now share it among his Team Sky colleagues. And the Brit's winnings are dwarfed by other top stars winning some of sport's most prestigious events. Thomas will share his earnings with Team Sky pals including mechanics, the chef, the soigneurs and even the drivers of the team buses. Novak Djokovic meanwhile collected £2.25million for winning Wimbledon this summer while Francisco Molinari pocketed £1.45million for winning The Open at Carnoustie for four rounds of golf. Football salaries in the Premier League are regularly in excess of £150,000-per-week, with Alexis Sanchez earning £400,000 a week at Manchester United. But Thomas' prize money for a gruelling 21 days on Le Tour is modest by comparison with some of sport's other winners, especially considering the physical effect on his body. Thomas, 32, cycled 3,351 kilometres including cruel climbs and crippling crosswinds. … [Read more...] about Thomas’s Tour prize money dwarfed by other sports titles
Steve Bruce has seen off Thierry Henry for now at Aston Villa but the toughest challenges could still lie ahead. Bruce got the green light to continue as Villa boss despite the club’s takeover. New owners Nassef Sawiris and Wes Edens publicly backed Bruce after buying a majority shareholding last week. But the ambitious duo want promotion to the Premier League and now Bruce has to lift Villa from their 1-0 play-off final loss to Fulham. They return to competitive action in less than two weeks on Monday August 6 at Hull when Bruce will want his men firing back in the Championship. But it won’t be easy after a summer of uncertainty, upheaval and cut-backs at Villa Park after Bruce just missed out on a fifth promotion. The crisis started when Chinese chairman Dr Tony Xia’s funding dried up which forced him to find new investors. The cash crisis left Villa on the brink of administration as they were unable to keep skipper John Terry whose contract expired after failing … [Read more...] about Bruce’s toughest challenge lies ahead as new Villa owners target Premier League
The FA Cup prize fund has doubled for the upcoming season – meaning the financial rewards for Chester FC will be all the more significant if the Blues can progress in the competition. Winners of the extra preliminary round of the world’s oldest club cup competition will now pick up £2,250, with £750 for the losers. Those teams which triumph in the preliminary round will collect £2,890, while those sides which leave the competition at this stage will receive £960. For the first qualifying round, winners of these games will now pick up £6,000 – double the £3,000 given at the same stage last season. Chester FC will enter the competition this season at the second qualifying round, with a tie due to take place on Saturday, September 22. And the financial incentive for winning that game and progressing to the next stage will now be £9,000. Read More Chester FC v Liverpool FC Winning the third qualifying round will earn clubs … [Read more...] about How much prize money will be paid in the FA Cup for the 2018/19 season?