The Financial Mismatch in European Cup Football

Source: Statista

After an involuntary months-long break, the European football season is hitting the final stretch this week, as both the UEFA Europa League and the UEFA Champions League are scheduled to be finished in tournament form over the next two weeks. Bayer Leverkusen, Inter Milan, Manchester United, and FC Kopenhagen will kick off the Europa League quarterfinals in Dusseldorf and Cologne later today, with the Champions League quarterfinals set to be played from Wednesday to Saturday in Lisbon, Portugal. While names like Inter Milan and Manchester United reek of past glory, the Europa League trophy is often considered the consolation prize in European football, clearly playing second fiddle to the internationally acclaimed Champions League.

As our chart illustrates, it’s not just prestige that the Europa League is lacking compared to the Champions League. In financial terms, the UEFA’s second-tier competition is no match for what can safely be considered the world’s biggest club competition in football. A team that marches through the Europa League, winning every group stage game and going on to win the title will receive €21.3 million in prize money from the UEFA – an amount that most Champions League clubs have earned after the group stage. In total, the eventual Champions League winner can earn up to €82.5 million in prize money alone, nearly four times what the Europa League champion can make.

European Football Infographic

European Football Returns From Coronavirus Suspension

Source: Statista

Last week was supposed to be a big one for European football (soccer), as the finals of the UEFA Europa League and UEFA Champions League were scheduled to take place in Gdansk and Istanbul on Wednesday and Saturday, respectively. The latter game in particular, arguably the biggest there is in club football, would have been watched by hundreds of millions of fans around the world, as it traditionally concludes the European football season with a bang.

Not this year though, as the coronavirus pandemic put the brakes on football and all professional sports, halting national competitions as well as European cups in early March. Despite the slight change of plans, last week turned out to be a big one for football fans across Europe, as news emerged that the English Premier League, Spain’s La Liga and Italy’s Serie A are all readying a return to play over the next few weeks.

Following the lead of the German Bundesliga, which (so far successfully) restarted on May 16, Spain’s La Liga is scheduled to return on June 11, while Italy’s Serie A will return on June 20. American soccer fans might want to mark June 17 on their calendars, as that’s the date for the English Premier League’s return to play after a three-months suspension.

European Football Returns From Coronavirus Suspension