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The prize money has risen from last season's kitty.
After a grueling end to domestic football season, Manchester United and Arsenal have secured qualification to the Champions League group stages for next season. Newcastle United have also made a return to Europe's elite competition after a very long absence.
Arsenal have secured qualification into the Champions League for the first time since the 2015/16 season.They dismantled Wolves 5-0 in a rather one-sided affair to at least end the season with a smile, after failing to secure the converted Premier League title having led for 93 percent of the season.
In addition to the exciting prospect of facing some of the best teams around, the qualification for Europe’s elite tournament brings with it a significant financial boost. Each step forward in their campaign not only enhances their chances of glory but also increases the lucrative prize money at stake.
Every Premier League team stands to gain a substantial sum from television rights payments, starting at approximately £84 million. However, additional appearances on the broadcast can further bolster this figure and there are further financial rewards based on the final standings of the clubs.
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The Athletic crunched those numbers to produce a prize money table for the Premier League last season. Pulse Sports Kenya applied those numbers to the current standings to see what type of payout each club can expect at the end of this season.
How much is each position worth?
The Premier League does not release the official figures for how much its clubs earn from their ‘central payments’ until after the season finishes. Last year, this came on July 1, over a month after the 2021-22 campaign ended on May 22.
The ‘central payments’ essentially means what the league pays to clubs from the broadcast and commercial revenues.
Each club earns the same amount from the commercial revenue stream, and last season this came to £6.8million per team.
Clubs also earn a set amount from both the domestic broadcast deal and the international broadcast agreements that the Premier League has (regardless of where they finish in the table), but crucially a not insignificant portion of both of those revenue streams is allocated based on teams’ final position — this is known as the ‘merit payments’.
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It is, though, important to note that this calculation is not definitive and there are factors — such as inflation, fluctuating operating costs and parachute payments — that are likely to slightly impact the final figures.
If we suppose that the league’s operating costs remain broadly the same from last season to this year, we can estimate clubs’ expected income — given what we know about the domestic and international broadcast deals.
1. 1st — Manchester City (£74.5 million)
Manchester City will earn a handsome £74,477,733 in merit payments after winning the title this season compared to the £41,144,400 they earned last season. This will be a significant increase by £33,333,333.
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2. 2nd — Arsenal - £70.8 million
Arsenal will earn approximately £74,477,733 in merit payments this season having finished second. Last season, they earned £32,915,520 for finishing 5th.This will be a significant increase by £41,562,213.
3. 3rd — Manchester United (£67 million)
After a disappointing sixth place finish last season, Manchester United earned just £25,000,000 last season. Under Eric Ten Hag, they have improved four places to third position, and they will earn a hefty increase of £67,029,960.
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4. 4th — Newcastle United (63.3 million)
Newcastle United have made significant progress since hiring Eddie Howe in November 2021. They have gone from fighting relegation to returning to Champions League football for the first time in over 20 years. Last season, they finished 11th, meaning they earned just £16,666,667. This season, they will earn £63,306,073.
How does this compare to last year’s figures?
Last year’s total merit payment per club is significantly lower than this year’s. For example, Bottom side Norwich City earned just over £2million from their total merit payments. By contrast, Southampton stand to pocket just over £3.7million.
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And that has a big impact at the top of the table, too. Manchester City won both this year’s and last year’s titles but their total merit payments have increased by £33million.
Why has it risen so much?
The increase in the Premier League’s international broadcast deal is the reason behind the huge increase in merit payments.
From 2019 to 2022, the international deal was worth £4 billion, lower than the domestic agreement which stood at £5billion.
But, while the league agreed to roll over the existing domestic deal for another three years, the international deal has increased to £5.05billion for the 2022 to 2025 period — meaning it tops the domestic figure for the first time.
And, as per the Premier League website and rules, any additional revenue generated by new broadcast deals is added to the merit payments, maintaining the same ratio so that all clubs benefit proportionally.
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