Being in the Champions League is an increasing differentiator between clubs, but those clubs who have been leading ones for some time earn more. The Uefa coefficient is less of a factor that when Arsene Wenger liked to parade it around Islington, but Arsenal still stand to do well. Arsenal’s prize money and bonuses from the Champions League this season will top £100million should they overcome Real Madrid in the quarter-finals as the club seek to benefit from Uefa’s new distribution model. As well as changing the format of its elite club competition, Uefa has changed its revenue distribution system so that there are more financial rewards for performance during the season, rather than for historical success. It also shows why, financially at least, Manchester United and Tottenham Hotspur should make winning the Europa League and qualifying for next season’s Champions League their priority. The pot of money for the Champions League has rise...