Uefa increases Champions League & Europa League pot to £1.67bn

British clubs playing in the Champions League and Europa League from next season will receive a share of a 2.24bn euro (£1.67bn) prize pot.

Uefa is to increase funding by nearly a third from 1.66bn euro (£1.2bn).

The deal will also see money being distributed more evenly, with Europa League participants getting increased revenue in the qualifying rounds.

Uefa president Michel Platini said: "Uefa should work with associations and clubs to find the best solutions."

Uefa has also agreed to give European Club Association members at least 200m euro (£145m) from Euro 2020 revenues for releasing their players.

This is an increase of 50m euro (£36m) from Euro 2016 for ECA members, which includes the Premier League's biggest clubs as well as sides from Wales, Scotland and Northern Ireland.

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