Champions League: Money that Arsenal, Man Utd, Real Madrid will earn revealed

Champions League clubs will share from UEFA’s €2bn (£1.7bn) prize money this season.

Manchester City are looking to become the first team since Real Madrid to win back-to-back European titles with a home game against Serbian champions Crvena Zvezda.

Last season’s win in the final against Inter Milan was worth €111m (£95.6m) to City, before TV money. Pep Guardiola’s men have already guaranteed €48.6m (£41.9m) before kicking a ball thanks to merit payments this season.

Real Madrid have earned the biggest starting payment of €52m (£44.8m) courtesy of past performances. Of the other English clubs Manchester United have banked €44m (£38m, eighth overall), Arsenal €41m (£35.3m; 11th) and Newcastle €20m (£17.2m; 29th).

Every group stage win is worth €2.8m (£2.4m), with a draw valued at €930,000 (£800,000). Making it to the last 16 will unlock €9.6m (£8.3m), the eight quarter-finalists receive an extra €10.6m (£9.1m) and advancing to the semis will be worth €12.5m (£10.8m) more. The beaten finalist will earn another €15.5m (£13.4m) and eventual winners €20m (£17.2m).