LEADING clubs have backed plans to cut Champions League prize money and give more cash to those in the Europa League in an attempt to address fears of a widening chasm between football’s haves and have-nots.
Real Madrid, the world’s richest club, banked £45m in central distributions from governing body Uefa for winning the Champions League last season, while Europa League victors Sevilla pocketed a comparatively paltry £11.5m.
Umberto Gandini, the vice-chairman of representative body the European Club Association (ECA) and a director at AC Milan, told yesterday’s Leaders Sport Business Summit in London that the gap would be bridged.
“It’s very clear that [there are] differences between Champions League and Europa League, and the reason they are becoming bigger is there,” he said. “We have to find a better way to reduce that.”
Bayern Munich chairman Karl-Heinz Rummenigge, who also chairs the ECA, added: “We have to find the right balance between competition and solidarity.”