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Chelsea and Arsenal hit by Uefa coefficient

The Swiss Ramble has reviewed the final financial outcome of the Europa League. Chelsea earned an additional €4m for winning the competition, bringing their total to €44m (£39m), while Arsenal remain at €36m (£32m). Chelsea's 2018/19 Europa League revenue of €44m (£39m) is €21m (£19m) lower than the €65m (£58m) they earned in the 2017/18 Champions League. It includes: participation €2.9m, prize money €18.3m, UEFA coefficient €3.4m and TV pool €19.1m.

Despite reaching the final, Arsenal's 2018/19 revenue of €36m (£32m) is €2m (£1m) lower than the €38m (£33m) they earned for getting to the semi-final in 2017/18. It includes: participation €2.9m, prize money €14.3m, UEFA coefficient €3.4m and TV pool €15.6m.

Both clubs have been hit by the UEFA coefficient, a new distribution method for 2018/19, based on performances in UEFA tournaments over past 10 years. Although rated highest of the Europa League clubs (Chelsea 6th, Arsenal 9th), only €84m is distributed among the 48 clubs in the Europa League.

This means that each of the London clubs only receives €3.4m from the UEFA coefficient, despite being the highest ranked in the Europa League. They would have earned significantly more for this element if they were in the Champions League: Chelsea would have got €29.9m; Arsenal €26.6m.

The benefits of qualifying for the Champions League over the Europa League are clear. As it stands, English Champions League clubs have earned well over twice as much as Europa League clubs (with CL winners due to receive additional £4m).

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