United £10m worse off as rivals count cost of chelsea triumph
CHELSEA'S penalty shootout win against Bayern Munich will cost Manchester City, Manchester United and Arsenal tens of millions of pounds.
The Blues' triumph will reduce the amount available to their Premier League rivals from the Champions League 'market pool' -- the guaranteed sum available to English clubs from Sky's and ITV's deals with UEFA.
Under the most recently applied formula, for the 2010-11 Champions League, UEFA gave 32.2pc of what went to English clubs to the then reigning domestic champions, Chelsea, or £27m.
Then 30.9pc, or £25.9m, went to the previous season's second-place side, United, another £16.6m to Arsenal, who had come third domestically, and £14.4m to Tottenham for their prior year's fourth place. However, following Chelsea's win on penalties against Bayern Munich -- which forces Spurs out of next season's Champions League and into the Europa League -- UEFA has devised a new formula for the 'market-pool' distributions.
This would see Chelsea take 30pc of the spoils, despite having finished only sixth in the Premier League.
The share available to the champions, City, would consequently be reduced to 30pc, United's would fall to 25pc and Arsenal's to a mere 15pc.
With Champions League payments to clubs set to double from next season, that would have a punitive effect on the other English clubs.
The difference in the two funding formulas could cost United as much as £9.8m, Arsenal up to £8m and City perhaps £3.7m.