Zurich – Reuters
Posted on: September 07, 2023: 12:55 PM GST Last updated: September 07, 2023: 01:05 PM GST
The European Football Association (UEFA) revealed that clubs that failed to qualify for continental competitions will receive a greater share of the revenues, starting next season, under a new distribution system.
The federation said in a statement on Wednesday evening that it had signed an agreement with the European Clubs Association to renew business until 2030 aimed at “increasing stability and sustainable growth for European clubs.”
The new change comes into effect from the start of the 2024-2025 season, in accordance with the new system for the Champions League, European League and Conference League competitions.
During the 2024-2027 period, 7 percent of UEFA’s revenues from the three competitions will be distributed to non-participating clubs, up from 4 percent.
The European Clubs Association stated that the change will result in the distribution of 308 million euros to clubs not participating in continental competitions, instead of 175 million euros.
The association added: This announcement will help clubs around Europe maintain their ability to compete on and off the field and continue to invest in youth and talent development, with more details to be revealed at a later time.
2023-09-07 08:55:00
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