UEFA Wants To Pay Clubs Less For Champions League For Next 5 Years, Citing Covid-19 Pandemic
Champions League and Europa League prize money will be cut over the next five seasons as Europe's soccer governing body UEFA grapples with the financial impact of the COVID-19 pandemic, The Times has reported.
UEFA has informed its member associations that they lost 514 million pounds ($666.40 million) following the reduction in both television and sponsorship income after delays in the knockout stages last season, the report said.