It has been revealed how much Arsenal, Chelsea and Tottenham Hotspur were awarded for their participation in UEFA competitions in the 2022/23 season. The Gunners featured in the Europa League, while the Blues and the Lilywhites rubbed shoulders with Europe's elite in the Champions League.
Arsenal were knocked out of the round of 16 by Sporting CP after losing 5-3 on penalties. In the Champions League, Real Madrid, who had stormed past Liverpool to get to the quarterfinals, swept Chelsea aside by winning 4-0 on aggregate.
Tottenham, however, failed to navigate past AC Milan in the round of 16. Manchester City, who won the Champions League in 2022/23, were unsurprisingly awarded more money than any other side.
As pointed out by football finance expert Kieran Maguire, Pep Guardiola's side racked in £134.9million. Meanwhile, Chelsea secured £95.9m, Liverpool received £84.3m and Spurs collected £65.7m.
For their efforts in the Europa League, Arsenal earned £25m and Manchester United pocketed £32.6m. Despite winning the Europa Conference League, West Ham accepted just £22.1m, the lowest of any Premier League club.
The prize money will have provided the likes of Arsenal, Chelsea and Tottenham a huge boost towards their efforts to operate within UEFA's Financial Fair Play regulations. New rules allow clubs to incur losses of around £51.3m over three years, compared to the previous allowance of roughly £25.6m.
READ MORE: What the 'blue card' means as huge new FA rule change set to impact Arsenal, Chelsea and Tottenham
READ MORE: Arsenal and Chelsea learn Kylian Mbappe 'wage demands' to complete stunning transfer
A spending cap on wages, transfers and agents' fees of 70 per cent of a club's total revenue by 2025/2026 has also recently been introduced. Teams are also required to settle overdue payables in specified timeframes – and there are sanctions in place for those who fail to stay in line with UEFA's rules.
Earlier this year, Aleksander Ceferin insisted that UEFA chiefs were 'right' about Manchester City breaching FFP rules when the club were dumped out of the Champions League. In 2018, Pep Guardiola's side were issued a two-year ban after they were found guilty of breaching FFP regulations.
City appealed the decision, taking it to the Court of Arbitration for Sport, and it was eventually overturned. In an interview with The Telegraph, Ceferin said: "As a trial lawyer for 25 years, I know that, sometimes, you win a case that you are sure you will lose. And, sometimes, you lose a case when you’re sure.
"You just simply have to respect in a serious democracy the decision of the court. I don’t want to speak about the case in England. But I trust that the decision of our independent body was correct. I didn’t enter into this decision."
Want to keep up to date with the breaking and important Arsenal stories whilst on the move? Well now you can!
Click this link to follow the football.london Arsenal WhatsApp channel, where you'll be kept up to date on the latest Gunners news wherever you are.
Just remember to turn on the notifications once you've followed, and you won't miss a beat!
