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How much did Newcastle lose from Champions League exit?

While it is impossible to calculate the exact figure Newcastle’s elimination has cost them financially given the TV payments are changeable and determined by several factors, at the very least they have foregone an additional £12m to £15m.

Newcastle, meanwhile, were 12th in the Premier League for broadcast revenue in 2021-22, receiving £124m, barely half of Manchester City’s for that campaign. Newcastle’s broadcast revenue will have risen for 2022-23 (their accounts have yet to be released) given their fourth-placed finish and the volume of their matches that were televised, but it will still be significantly lower than English clubs who were in the Champions League last season.

Football finance guru Kieran Maguire estimated that, by even reaching the Champions League, Newcastle’s revenue would increase by “minimum £30m”.  For even featuring in the group stage, clubs receive €15.6m. Newcastle also registered a win against PSG, as well as draws in Milan and Paris.   Newcastle therefore accrued £17.46m in prize money, while they will likely receive a similar figure on top of that from their allocation of the broadcast revenue.   Then there were the three sold-out home fixtures in the group stage, worth several million to the club in matchday revenue.

What they could have  earnt from the Europa League

By dropping into the Europa League, Newcastle would have received €500,000. Progression to the round of 16 is worth €1.2m, to the quarter-finals it is €1.8m, to the semi-finals it is €2.8m, and to the final it is €4.6m. The winners also receive an additional €4m.

Newcastle would also have generated additional matchday revenue from playing at least one further home match in Europe.

So finishing third in Group F and qualifying, as opposed to fourth and not qualifying, would have been worth at least a few million to Newcastle, quickly rising to an eight-figure sum if they had progressed further in the Europa League.

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