{"id":289813,"date":"2023-09-07T10:26:25","date_gmt":"2023-09-07T10:26:25","guid":{"rendered":"https:\/\/tellmysport.com\/?p=289813"},"modified":"2023-09-07T10:26:25","modified_gmt":"2023-09-07T10:26:25","slug":"uefa-set-to-spread-the-wealth-to-clubs-outside-the-european-elite","status":"publish","type":"post","link":"https:\/\/tellmysport.com\/soccer\/uefa-set-to-spread-the-wealth-to-clubs-outside-the-european-elite\/","title":{"rendered":"Uefa set to spread the wealth to clubs outside the European elite"},"content":{"rendered":"
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Clubs that fail to qualify for Uefa\u2019s competitions are set to receive a greater share of revenue from the European governing body from next season under a new distribution model announced on Wednesday.<\/p>\n
Uefa and the European Club Association (ECA) signed a renewed working agreement until 2030 which will \u201cbolster long-term stability and sustainable growth in European club football\u201d, the governing body said in a statement.<\/p>\n
The change will be effective from the start of the 2024-25 season, coinciding with a new format in Uefa\u2019s Champions League, Europa League and Europa Conference League.<\/p>\n
Under the new model for the 2024-2027 cycle, 7% of the revenue Uefa earns from the three competitions will be distributed to clubs not competing in them, up from 4%.<\/p>\n
The European Leagues Association, which represents professional soccer leagues in Europe, said the change will result in \u00a3265m being shared among non-participating clubs, up from the current \u00a3150m.<\/p>\n
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\u201cToday\u2019s announcement will help all clubs across Europe to safeguard their competitiveness on and off the pitch while keeping investing in youth and talent development,\u201d it said in a statement.<\/p>\n
Uefa said further details of the new system will be unveiled at a later date.<\/p>\n