October 4, 2023

Valley Post

Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

Income redistribution brings more money to “the young”

Income redistribution brings more money to “the young”

European Football Association

UEFA President Aleksander Ceferin arrives at the draw for the 2023/24 Europa League group stage at the Grimaldi Forum in Monaco, Friday, September 1, 2023. (AP Photo/Daniel Cole)

As announced, from 2024, UEFA will increase its allocation of revenue from its European competitions to clubs that do not participate in the European Cups.

UEFA will increase from 2024 the distribution of revenues from its European competitions to clubs not participating in the European Cups, it announced on Wednesday (6/9), the eve of the final season in its current form.

Alongside the highly profitable Champions League, the Europa League and the European Conference League will spend the three-year period 2024-2027 in a mini-league system that will replace the current group stage. The distribution of their significant profits – mainly from television rights – will develop amid a growing debate about sporting fairness in European football.

Under the new agreement “closed” on Wednesday (9/6) between UEFA and the European Club Association (ECA), teams that do not qualify for European competitions will share 7% during the season, that is, 440 million euros per season and 1.32 million euros. billion euros over a three-year cycle. An increase of 3% compared to the 4% that was applied until this year.

The share granted to clubs that were eliminated during the qualifying stage does not change (remaining at 3%), while the funds allocated to clubs participating in the three tournaments will increase.s” with a greater focus on engagement (27.5% vs. 25% currently) and performance (37.5% vs. 30% today)“As reported by the European Football Association.

See also  $114-106: Antitokonmo's Crazy, But Hopelessly Lonely Truck in Cleveland

The two distinctive features of the European system – the club’s home country’s share of television rights (market pool) and the ‘factor’ reflecting the historical performance of each team will lose their importance. From 45% today, it will decrease to 35% starting next season, as determined by UEFA, with the promise of disclosure. “…Details of the new system will follow later.”

The agreement between UEFA and the European Club Association, which sets out the framework for joint management of competitions for each European tournament, comes amid controversy over the pooling of financial resources and titles from a small number of major European clubs, at the expense of “smaller clubs.” “.