Leicester City can nurse Champions League wounds with biggest revenue windfall ever enjoyed by a Premier League club

by

Rich reward: Leicester will earn nearly €90m from their Champions League exploits (Source: Getty)

Leicester City will not enjoy another miracle trophy triumph this year after exiting the Champions League last night, but they can take solace in the fact that they've earned more money from a season in the competition than any Premier League club before them.

A 1-1 draw with last year's runners-up Atletico Madrid at the King Power Stadium was insufficient to overturn a first leg deficit and reach the final four.

Yet the Foxes can lick their wounds when counting up a financial windfall from the competition nearing €90m.

After reaching the quarter-finals, Leicester will take home €31.7m (£27.6m) in prize money from the competition, more than even previous Champions League winners Chelsea, Manchester United and Liverpool were rewarded for their success.

Manchester City, who earned €36.9m for reaching last season's semi-finals, are the only English team to have ever received more prize money from Uefa.

Leicester are the beneficiaries of Uefa's largest ever prize money pool of €761.9m and a TV money distribution system partially weighted towards where teams finished in the previous domestic season.

Read more: Leicester City can bank £250m from an unprecedented Premier League title triumph

After Leicester's remarkable charge to last year's Premier League, the club recouped a whopping £93m, and their latest against-the-odds adventure, this time in Europe, could be similarly lucrative once TV money is counted.

Half of a country's TV pool, €143m for English representatives, is distributed to clubs by Uefa based on where they finished in their domestic league the previous season, while the other half is based on their progress in the competition.

Even though they have finally veered from the Hollywood script that appeared to be directing their campaign, as reigning Premier League champions Leicester are therefore guaranteed the biggest chunk of TV money.

Leicester will earn nearly €30m in TV money from Uefa — 40 per cent of the approximate €70m earmarked for last season's league position.

And with no other English team able to match Leicester by reaching the quarter-finals, the Foxes will again earn the largest slice of the €70m pie allocated for Champions League progress.

Last season City, the only English team to progress beyond the last 16, earned just over €25m from the TV money allocated depending on Champions League performance.

City took home a total of €83.9m from their European exploits, yet made just over €1m more in total TV money than Chelsea as the Blues were domestic champions.