Chelsea boosted by 64m euro Champions League winnings
Posted Tuesday, July 17, 2012 by YAHOO Sport
Chelsea has received a huge cash reward for its Champions League triumph over Bayern Munich in May, picking up 64 million euros in prize money.
The Blues' penalty shootout victory at the Allianz Arena saw them unsurprisingly take home the biggest payout of the clubs which took part.
Losing finalist Bayern earned 42m euros from the 760m euro prize fund shared among 32 participating teams.
Despite being eliminated at the group stage of the competition, Manchester United was England's second highest earner, receiving a sum of 35m euros.
Manchester City, which was also knocked out early on, took around 27m euros for its efforts.
Arsenal, which went deeper in the competition, only to be eliminated by AC Milan over two legs, took 28m euros into the Emirates Stadium coffers.
English clubs are rewarded for valuable broadcasting deals, which are factored into the UEFA payout calculations. The administrative body paid clubs 7m euros for taking part, plus results-based bonuses.
It has also been revealed that Champions League revenue will rise around 20 percent over the next three seasons.
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