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European soccer's governing body said in a statement
https://www.uefa.com/insideuefa/
mediaservices/mediareleases/news/026d-134f4f7f6ca1-37933252c48a-1000--women-s-euro-prize-money-doubled
on Thursday that it had also approved the introduction of a
programme which will see teams that release players for the
Euros rewarded with payouts from a 4.5 million euros fund.
The decisions were announced following a UEFA executive
committee meeting in Chisinau, Moldova on Wednesday and the
continental governing body added that details of its financial
distribution scheme would be made available soon.
The women's tournament, originally scheduled for this year but
postponed by 12 months because of the COVID-19 pandemic, is set
to take place in England from July 6-31 2022.
UEFA also approved changes to its solidarity payment model for
men's teams not participating in club competitions in the
2021-24 cycle, with full details to be announced soon.
It added that there would be increased shares for all
associations outside the top five - England, Spain, Germany,
Italy and France.
The move comes after UEFA had to fend off an attempt by 12 top
European clubs earlier this year to form a breakaway European
Super League.
Nine clubs - Manchester United, Liverpool, Manchester City,
Chelsea, Tottenham Hotspur, Arsenal, AC Milan, Inter Milan and
Atletico Madrid - backed out and reached a deal with UEFA.
Changes were made to UEFA's flagship Champions League
competition with the approval of a new format from 2024-25 with
36 clubs and teams set to play four more matches.
UEFA said its latest decision reaffirmed its strong financial
commitment to the whole of European soccer.
It said the 4% solidarity for non-participating clubs -- 140
million euros based on projected revenue of 3.5 billion euros --
will be boosted by 30% of revenue generated by club competitions
above 3.5 billion euros up to a maximum of 35 million euros.
"As a consequence, a total of 175 million euros is expected to
be available from competition revenue for non-participating
clubs, compared to 130 million euros in the 2018-21 cycle," UEFA
added in Thursday's statement.
"And the share reserved for the non-top five associations will
increase to 132.5 million euros (around 50 million euros more
than with the previous scheme, representing a more than 60%
increase."
($1 = 0.8532 euros)
(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Peter
Rutherford)
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