Leicester City set for biggest Champions League revenue windfall ever enjoyed by a Premier League club following Sevilla win
Leicester City are set for the biggest Champions League revenue windfall ever enjoyed by a Premier League club after they booked their place in the quarter-finals.
A 2-0 win over Spanish side Sevilla at the King Power stadium on Tuesday night secured a 3-2 aggregate victory and sent the Foxes into the final eight of Europe's elite in their first ever season in the competition.
Leicester have now banked €31.7m (£27.6m) in prize money from the competition, more than even previous Champions League winners Chelsea, Manchester United and Liverpool were rewarded for their success.
Manchester City, who earned €36.9m for reaching last season's semi-finals, are the only English team to have ever received more prize money from Uefa.
Leicester are the beneficiaries of Uefa's largest ever prize money pool of €761.9m and a TV money distribution system partially weighted in favour of where teams finished in the previous domestic season.
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Leicester's remarkable charge to last year's Premier League title the club saw the club recoup a whopping £93m, and their latest against-the-odds adventure — this time in Europe — could be similarly lucrative once TV money is counted.
Half of a country's TV pool — €143m for English representatives — is distributed to clubs by Uefa based on where they finished in their domestic league the previous season, while the other half is based on their progress in the competition.
Even if they had veered from the Hollywood script, as reigning Premier League champions Leicester were guaranteed nearly €30m in TV money from Uefa — 40 per cent of the approximate €70m set aside for last season's league position.
Yet with only Manchester City — who travel to Monaco tonight holding a 5-3 lead from the first leg — capable of matching Jamie Vardy and co, Leicester are due another sizable chunk of the €70m allocated for Champions League progress.
Last season City took home a total of €83.9m from their European exploits, yet made just over €1m more in total TV money than Chelsea who went out in the last 16 as the Blues were domestic champions.