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The cost of United's Champions League exit

Qualification from the group stage would have seen United receive €9.6million (£8.4m; $10.5m) in prize money.

The further a side goes into the Champions League, the more they stand to earn. If United had progressed to the quarter-finals, they would have earned an additional €10.6m, while a spot in the semi-finals is worth €12.5m to the teams that get that far.

There are extra matchday and broadcast revenues from progressing to the next stages of the Champions League. It is difficult to ascertain a precise figure for broadcast revenue, but UEFA has a pool of around €300m. Half of this amount is split among the clubs based on their performance in the previous domestic championship, with the other half being paid out in proportion to the number of matches played by each side in the 2023-24 Champions League.

If a club qualifies for the group stages, they receive €15.6m from UEFA. This, in effect, is a base salary. Teams can then earn additional payments if they win or draw a game. Each win in the group stage is worth €2.8m, with a draw earning a club €930,000.

United won once, drew once and lost four times, so they will receive around €3.73m in prize money.

They are, however, entitled to another payment from UEFA due to their coefficient status. A share of that pot is paid out based on a club’s performances over 10 years, with the governing body ranking the participating clubs between one and 32.

Each share is worth just over €1.1m, meaning the lowest-ranked team stands to be paid that much, while the highest-ranked team, which this year is Real Madrid, will be paid €36.4m. Manchester United are ranked 11th, so will receive €12.5m.

Finishing third in their group would have meant United automatically entering the Europa League, earning an initial €500,000.

UEFA’s second-tier tournament shares its revenue in the same way as the Champions League, so that includes prize money, broadcast income and coefficient payments.

Advancing 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 if United had reached the final, they would have earned a further €4.6m. The eventual winners receive a bonus €4m payment.

 

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