How much money can Leicester make from Europa League?

Following yesterday’s article on how much Leicester City will have in the bank from the Premier League prize money pot, today we look at the finances involved in the Europa League.

With a reported £128 million estimated to be provided by the Premier League, Leicester City will earn more money next campaign for their participation in the Europa League. But how will it work?

In last season’s Europa League, there was a total of €560m to be distribution to clubs who competed in the competition, with €2.04 billion being shared amongst distributed clubs competing in the Champions League.

The £505m is split into four different pillars. The first be 25% (€140m) to the starting fees, which is each of the 48 clubs that qualify for the group stage. These teams receive a sum of €2.92m, that is split into a down payment of €2.75m and balance payment of €170,000.

Next up is the performance-related fixed amounts, which is 30% (€168m).  A team will receive €570k for a win and €190,000 for a draw in the group stage. The winners of the group earn a qualification bonus of €1m each, with the runners-up winning half of that with €500k.

There are fixed amounts for qualifying for different rounds, with the prize rising each time. €500k is earned for qualifying for the round of 32, €1.1m for progressing to the round of 16, €1.5m for entering the quarter-finals, €2.4m for reaching the semi-final and €4.5m for making it to the final.

Furthermore, the winners of the competition will earn another €4m. So altogether, just from winning the competition, the Foxes could earn €16.92m.

But that’s not all, with 15% (€84m) of the €560m being allocated on the basis of ten-year performance-based coefficient rankings. A ranking table has been established and the money is divided into ‘coefficient shares’ that worth €71,430 each.

The lowest-ranked team will receive one share (€71,430)  and the highest-ranked team received 48 shares (€3.42m). Currently, Leicester sit 70th in the club ranking, above the lies of Istanbul Basaksehir, Espanyol, AC Milan and Wolves. However, above them are Rapid Wien, BATE Borisov, Crvena Zvezda and Astana.

The final pillar is the market pool, which is 30% (€160m), will be distributed according to how each club appeared on TV. There are five factors that depend on this: 1) the actual final amount in the market pool 2) composition of the field of clubs participating in the campaign, 3) the number of clubs fro any given association competing, 4) the results of each club in the previous season’s domestic competitions and 5) performance of each club in the Europa League. What does this mean for Leicester City?

There is money to be earned and if the Foxes want to cement their place in European football, their co-efficiency ranking will improve, further increasing the financing they receive in the future.