September 25 – UEFA is to increase funds allocated to clubs not taking part in its men’s competitions, also capping the amount going to the top five federations.
“Last year, the UEFA Executive Committee approved a significant increase in the distribution of solidarity for clubs not participating in UEFA’s men’s club competitions for the 2024-27 cycle, which will see the share allocated to non-participating clubs rise from 4% to 7% of the projected revenue threshold of €4.4 billion. This translates to €308 million – an increase of nearly 80% compared to the previous cycle,” UEFA said in a statement after its executive committee in Prague.
“A cap to the distribution to the top five federations (England, Spain, Italy, Germany and France) has been confirmed, as they will receive €10 million each.”
“The funds available to the remaining 50 associations will therefore increase from the current €135 million to a total of €258 million. 70% of these amounts will be distributed based on their position in the UEFA access list, while 30% will be proportional to the amounts received by the top earning club of each association, an innovative concept expressly targeting competitive balance in domestic leagues.”
The decision was immediately welcomed by the European Clubs Associations (ECA).
“ECA has worked for many months with UEFA, in consultation with European Leagues, to drive a significant increase in solidarity for non-participating clubs – together with a more equitable distribution system for participating clubs – for the new 2024-27 cycle, benefiting clubs of all sizes across the football pyramid,” ECA chairman and Paris St Germain president Nasser el-Khelaifi said in a statement.
“This is now the most significant and comprehensive solidarity system in world football. Today’s decision is vital for European club football and for ECA’s over-700 members, and will be used to ensure the continual improvement of sporting,…
Source link : https://www.insideworldfootball.com/2024/09/25/uefa-boosts-solidarity-payments-clubs-outside-euro-competition-e308m/
Author : Paul Nicholson
Publish date : 2024-09-25 05:12:06
Copyright for syndicated content belongs to the linked Source.