Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

EPFL welcomes Champions League prize money increase

Published 27/03/2015, 14:17
© Reuters. UEFA President Platini delivers a speech after his reelection at the UEFA congress in Vienna

(Reuters) - UEFA's decision to increase Champions League prize money has been welcomed by the European Professional Football Leagues (EPFL) association, which described it as a "wise decision".

UEFA announced on Monday that a new financial distribution system had been agreed for clubs competing in the Champions League and second tier Europa League from 2015-18.

The governing body is due to present details of the agreement on March 31, but media reports said clubs would share 2.24 billion euros (1.63 billion pounds) with teams qualifying for the Champions League splitting 1.2 billion euros each season.

The 32 teams who qualify for the group stages currently share around 900 million euros.

"The European Professional Football Leagues congratulate UEFA on this important step for a more sustainable future of European club football," EPFL general secretary Georg Pangl said in a statement on Friday.

© Reuters. UEFA President Platini delivers a speech after his reelection at the UEFA congress in Vienna

"Personally, I am grateful to UEFA president Michel Platini and general secretary Gianni Infantino for this wise decision."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.