Lulu opens new store in Al Fakhriyah, Dammam as it further strengthening its presence in Saudi Arabia New Lulu stores are set to open in Makkah and Madinah    Defending the Truth: Saudi Arabia and the 2034 World Cup    Culture minister visits Diriyah Art Futures    Survey: 60% will use Riyadh Metro to go for work or school    Saudi Arabia calls for enhanced international cooperation to address water sector challenges    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Saudi Arabia hosts over 13 million foreign residents from 60 countries, says human rights official    RCRC Chief: Riyadh Metro, featuring environmental sustainability, will improve quality of life and revolutionize transportation    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Israel to appeal against ICC warrants for Netanyahu and Gallant    Trump nominates Keith Kellogg as special envoy for Ukraine and Russia    Missing hiker found alive after more than five weeks in wilderness    Elon Musk publicizes names of government employees he wants to cut    Al-Jasser: Riyadh Metro to accommodate one million passengers daily    Israelis survey damage and mull return to north as ceasefire begins    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Best-selling novelist Barbara Taylor Bradford dies    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Chelsea tops Champions League prize money list
Published in The Saudi Gazette on 14 - 07 - 2012

GENEVA – Champions League winner Chelsea received €59.9 million ($73.1 million) in prize money and was the biggest earner in last season's competition, UEFA said Friday.
Beaten finalist Bayern Munich earned €41.7 million ($50.9 million) from the €754 million ($919 million) prize fund which UEFA shared among 32 teams playing in the group stage. Bayern got a further €2.1 million ($2.6 million) for playing in the playoff round to qualify for the group stage.
Barcelona, which reached the semifinals, earned €40.6 million ($49.5 million). Barcelona's quarterfinals opponent, AC Milan, was next with €39.9 million ($48.7 million).
Manchester United was sixth with €35.2 million ($43 million) even while failing to reach the last-16 knockout round. It added a further €1.25 million ($1.5 million) from its brief subsequent appearance in the second-tier Europa League.
English clubs are rewarded for valuable national broadcasting deals, which factor into UEFA's calculations. Still, United led the prize list with €53.2 million (then $76.7 million) when reaching the final in 2011. Elite clubs can ill afford such a steep drop in earnings as UEFA's financial fair play rules are phased in, requiring them to break even on their football business.
Last season, UEFA paid clubs a basic €7.2 million ($8.8 million) for taking part in the Champions League groups, plus results-based bonuses and a share of the pooled broadcasting money.
Dinamo Zagreb was bottom of the earnings table, getting €8.2 million ($10 million) after losing all six matches.
Clubs are set to earn even more for the next three seasons, after UEFA announced that Champions League revenue will rise 22 percent for the 2012-15 commercial sales cycle.
Annual income for the world's most prestigious club competition will be at least €1.34 billion ($1.63 billion).
The chasm in earnings between the Champions League and Europa League is shown in earnings tables published by UEFA.
Chelsea, Bayern and Barcelona collected almost as much combined as the €150.4 million ($183.5 million) distributed among 56 clubs taking part in the Europa League groups and knockout stage.
Atletico Madrid earned €10.5 million ($12.8 million) for winning the second-tier title, edging Schalke which benefited from its share of the German broadcasting deals.
To boost the Europa League's status, UEFA and European clubs have agreed on a €40 million ($49 million) annual subsidy.
UEFA estimates that the Europa League will be worth €225 million ($275 million) for each of the next three seasons.
UEFA retains around 20 percent of commercial revenues from its club competitions to cover running costs and make solidarity payments to national federations, leagues and clubs.
The 200-member European Club Association lobby group also gets at least €2.5 million ($3 million) annual funding. — AP


Clic here to read the story from its source.