UEFA sends $75M to clubs from Euro 2020 revenue

ceferin_aleksander

UEFA president Aleksander Ceferin. (Laurent Gillieron/AP)

UEFA is sharing almost 70 million euros ($75.5 million) among 676 clubs that released players for European Championship qualifiers and Nations League games in the past two years.

UEFA says it’s releasing the money early to help "in light of the current crisis and the financial difficulties many clubs are facing" during the coronavirus pandemic.

A long-standing agreement between UEFA and the European Club Association guarantees clubs at least 200 million euros (216 million) from Euro 2020 revenues to compensate for releasing players to national duty in the 2018-20 cycle.

Payments were due after Euro 2020 but are now sending much-needed cash to clubs after the coronavirus outbreak forced the tournament to be postponed by one year.

The highest-earning club will get 630,000 euros ($680,000) calculated pro rata per player named on a national team’s match sheet. That club was not identified.

UEFA says 2.7 million euros ($2.9 million) of the money will go to clubs after the 16-nation Euro 2020 playoffs later this year.

Players selected for the Euro 2020 tournament will earn at least 130 million euros ($140 million) more for their clubs from UEFA.

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