UEFA to pay $2.28B prize fund to 32 Champions League teams

UEFA has announced big increases in Champions League prize money next season, with defending champion Real Madrid sure to earn more than 50 million euros ($60 million).

UEFA says the 32 Champions League group-stage teams will share a prize fund of 1.95 billion euros ($2.28 billion), up from 1.4 billion euros ($1.6 billion) this season.

Each team gets a 15.25 million euros ($17.8 million) entry fee, then 2.7 million euros ($3.15 million) per win and 900,000 euros ($1.05 million) per draw in the groups. More fees are earned for reaching each subsequent round.

A new distribution system sees 30 percent, 585 million euros ($683 million), allocated via a points table ranking teams by 10 years of UEFA competition results and European trophies won since the 1950s.

Top-ranked Madrid will get 32 shares each worth 1.1 million euros ($1.3 million), totaling 35.5 million euros ($41.4 million). The 32nd-ranked team will get one share.

Fifth-ranked Manchester United will get 28 shares worth 31 million euros ($36.2 million).

Teams also get a share of their national broadcasting rights deal.

In the Europa League, UEFA says the prize fund is 560 million euros ($654 million). All 48 group-stage teams get 2.92 million euros ($3.4 million).