Man Utd finance chief warns against major overhaul of European revenue split

Manchester United’s finance chief Cliff Baty has warned against a major overhaul of how money from the Champions League and other European competitions is carved up.

Jacco Swart, managing director of the European Leagues group which represents 37 professional leagues across the continent, including the English Premier League, said on Thursday that “drastic changes” are needed to the revenue split when the newly-agreed European club competition formats kick in from 2024.

Revenue for the 2024-27 cycle is understood to have been projected at five billion US dollars a year (around £4.1bn) and Swart has called for an increased percentage of that to be given in solidarity to non-participating clubs, a greater share to the Europa League and Europa Conference League and a change to how money is divided up within the two premier competitions.

Cliff Baty (top left) is Manchester United’s chief financial officer (Mike Egerton/PA)

Swart called for a reduction in the percentages awarded in the Champions League and the Europa League based on historical coefficient and the television market pool.



Source link

Leave a Reply

Your email address will not be published.