UEFA Champions League is one of the most prestigious tournaments in the world and the most prestigious club competition in European football. The joy to each European team is when they participate in the Champions League even if they don't win it. This is because of the huge amount of money it yields to the teams. Real Madrid won their 14 title last night after beating Liverpool 1-0 in the final. They will take home a huge amount of money.
Champions League teams pick up money all along the way in the competition. The group stage comes with a baseline prize package with teams adding to that total with every win or draw during that group stage. Then every round of the knockouts comes with a fresh bonus.
Real Madrid has won €20 million for winning the competition. This is equivalent to ksh 2.5Billions. On top of that, It has won €3.5 million equivalent to ksh 438 millions for qualifying for the European Super Cup and upon winning, the team will receive a further €1 million equivalent to ksh 125 millions in prize money. In the mean time, Liverpool has won €15.5m which is equivalent to ksh1.9billions for being the runners up.
Madrid prize money can go upto €60 million which is equal to ksh 7.5 billions depending on their results in the previous rounds, including the group stage games. It is a good winning prize that will do alot of work to the team.
Interestingly, teams that participated even in the qualifying rounds started getting the prize before the tournament began. Those who lost in the playoff rounds were awarded €5 million each. Teams in the first qualifying round received €300k, second qualifying round received €400K while third qualifying round received €500K.
Each of the 32 teams that qualified for group stage yielded €15.64m. Winning a group-stage won €2.8m while drawing yielded €930k. Teams that made it in the last 16 were awarded €9.9m. Quarter-finalists won €10.6m while the Semi-finalist were awarded €12.5m.
Below is the full prize list.
Real Madrid has therefore won a good amount of money, adding upto €60M which is ksh 7.5 Billions.
Congratulations Real Madrid.
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