ZURICH • For the 80 teams who qualify for the group stages of European club football, the season starts with a glitzy party at the draw ceremony in Monaco and ends with millions of extra euros in the bank.
But while those clubs cash in on the riches produced by the Champions League and, to a lesser extent, the Europa League, more than 600 top-tier clubs who fail to qualify have to feed off leftovers.
Amid widespread concern that the financial gap between Europe's elite clubs and the rest is still growing, Uefa is being asked by the continent's domestic leagues to alter the way it distributes the huge revenue from its competitions.
European Leagues, its umbrella organisation, says in a report that it wants the unlucky 600 to get a larger slice of the cake.
Uefa's club competitions are expected to rake in €3.25 billion (S$5.1 billion) this season but the manner in which that money is distributed has become increasingly contentious. The 32 Champions League teams will share €2.04 billion, with Europa League participants receiving €510 million.
Only 7.3 per cent (€237.5 million) will be distributed in so-called "solidarity payments" and split between the remaining 600 clubs.
The report, which has been sent to Uefa and the continent's 55 national associations, said this was down from 8.5 per cent in the previous cycle from 2015 to this year.
20%Â
Solidarity payments may be increased from 7.3 per cent in the next cycle, 2021-24, to improve competitive balance.
"The financial gap between participating clubs and non-participating clubs is increasing, creating a negative effect on competitive balance," it warned, pointing out that the percentage was more relevant than absolute amounts.
The report proposed that the solidarity payments be increased to 20 per cent in the next cycle, which will cover the period 2021 to 2024.
Based on an estimated revenue of €3.3 billion a season, it said this would provide €660 million for those who missed out on European competition. Breaking down the figures further, it proposed that 3.5 per cent (€116 million) be distributed among clubs eliminated in qualifying rounds and 10 per cent (€330 million) to clubs who did not qualify at all.
The European leagues also want 6.5 per cent of total revenue to go into a new pillar which would be used to fund professional football development outside the top five countries.
Uefa is expected to decide on revenue distribution by the end of the season. Aleksander Ceferin, president of the governing body, has said his priority is to improve competitive balance.
But he also acknowledges that the big clubs are responsible for the lion's share of the revenue and has admitted it is a difficult subject.
REUTERS
True minnows. Smaller fish in the subfamily Leuciscinae are considered by anglers to be "true" minnows.. Bluntnose minnow (Pimephales notatus): The bluntnose minnow is a primary bait fish for Northern America, and has a very high tolerance for variable water qualities, which helps its distribution throughout many regions.
PDF Public interest entity: Definition and scope - Deloitte US
European Minnows are freshwater fish. Is minnow a Chordate or non Chordate? The minnows, certain small saltwater and freshwater fish, are chordates as they are fish. Fish bigger then minnows
What fish eats minnows - answers.com
How to Live Like a European. Europeans have characteristics that make them distinct from Americans. Whether it is the food, attitude, or activities, Europeans have a unique and full way of life that many people admire.
Minnow - Wikipedia
European minnows want bigger portion of pie. Uefa's club competitions are expected to rake in €3.25 billion (S$5.1 billion) this season but the manner in which that money is distributed has
Are minnows saltwater fish - answers.com
Europe's small-cap stockmarkets A bigger pool for minnows. New calls for a pan-European exchange to boost small and mid-sized companies Published since September 1843 to take part in "a
Minnow Baltimore - SBIC - Baltimore, MD - Yelp
European Tour minnows have a chance to make a bigger splash in 2019 than in previous seasons thanks to the introduction of a new Race to Dubai points system. Players at the bottom of the European
The minnows of European football | CaughtOffside
parent company is a PIE and irrespective of whether its parent is outside the EU. The definition of a "public interest entity" varies across member states. Special caution should be exercised when considering the definition of PIE in any member state. Refer to the 2014 survey5 published by the Federation of European
European minnows want bigger portion of pie, Football News
The minnows of European football But it also means we have no dominant teams with players who can make the difference in the big European ties, like Ajax do nowadays. we don't want
Europe's small-cap stockmarkets A bigger pool for minnows
An example: The mouse eats berries, the snake eats the mouse, the fox eats the snake or the minnows eat the algea, the small fish eats the minnow, the big fish eats the small fish, the shark eats
European Tour makes Race to Dubai adjustments for 2019
144 reviews of Minnow Baltimore "The Good, The Bad, and The Ugly The Good: I took my mother out for Mother's Day Dinner and couldn't have had a better time! They marry and cocktail bar and Mediterranean fusion restaurant perfectly.
4 Ways to Live Like a European - wikiHow
No comments:
Post a Comment