Friday, 1st November 2024
To guardian.ng
Search

Real Madrid to earn $150m for UEFA success, announce Mbappe’s arrival

By Guardian Nigeria
03 June 2024   |   4:00 am
Real Madrid has earned $92 million (€85.14 million) for their victory over Borussia Dortmund on Saturday, sportico.com.
Real Madrid’s Brazilian forward #11 Rodrygo (C) celebrates with supporters after the victory at the end of the UEFA Champions League final football match between Borussia Dortmund and Real Madrid, at Wembley stadium, in London, on June 1, 2024. (Photo by Glyn KIRK / AFP)

Real Madrid has earned $92 million (€85.14 million) for their victory over Borussia Dortmund on Saturday, sportico.com.

In a 95-minute thrilling final Saturday at London’s Wembley Stadium, Real Madrid captured their 15th UEFA Champions League title, the most of any team, by defeating Borussia Dortmund 2-0.

The win at Wembley adds another trophy to Los Blancos, reaffirming their dominance in European soccer. It also comes with significant financial rewards.

This total could rise to $150 million, thanks to UEFA’s generous reward system that favours consistently successful teams and includes their share of broadcast revenues from the competition.

The prize money for this year’s Champions League, which is divided among all 32 participating teams, is $2.2 billion (€2.032 billion).

European soccer’s governing body distributes 55 per cent of this amount ($1.2 billion) based on team performance.

Each of the 32 clubs that qualify for the group stage receives a group stage allocation of €15.64 million, and each team will be paid €2.8 million per win. In Real Madrid’s case, for winning all six matches, it is another €16.8 million.

Qualification for the round of 16 earns €9.6 million, the quarterfinals €10.6 million, the semifinals €12.5 million, and the final €15.5 million per club. The UCL winners also receive an additional €4.5 million.

Another 30 per cent, roughly $650 million, is allocated based on UEFA club coefficient rankings.

The club coefficients are determined by the clubs’ results over the past five seasons in UEFA competitions, including the Champions League, UEFA Europa League and UEFA Europa Conference League.

As the third-best team in UEFA’s rankings, Real Madrid could take home an additional $36 million (€34.1=€1.137 million per share x 30 shares for ranking third) for being consistently successful in European club competitions.

UEFA distributes the remaining 15 per cent, around $325 million, based on the proportional value of each TV market represented by clubs in the tournament, starting from the group stages. However, the market shares for participating clubs from each association and the exact amounts for each club won’t be determined until all contracts are finalized at the end of the tournament.

But according to Sportico‘s back of the envelope calculations, Real Madrid may take home as much as an additional $20 to $25 million from the market pool, bringing its total TV and prize money to over $150 million.

Last year’s champions Manchester City took home $145 million (£113.8 million) in prize/TV money, according to 2023 financial statements. The Switzerland-based soccer business analyst Swiss Ramble’s calculations, indicated the team brought home $22.3 (€20.6) million from UEFA’s TV pool.

The Champions League final is not the season’s last revenue opportunity for the Real Madrid. The team will clash with Europa League winners Atalanta on Aug. 14 at Stadion Narodowy in Poland for another $5.5 million in prize money.

Meanwhile, the European Champions are expected to announce the signing of France’s captain, Kyllian Mbappe, today.

Fabrizio Romano has broken the news that all of the final details in the deal have been finalised, meaning that the agreement can be considered as final.

The idea is for Mbappe to be announced as a new Real Madrid player today, while his presentation will take place the week after the conclusion of the European Championship, where Mbappe will be representing France as captain.

The saga, after many years, comes to an end.

0 Comments