Premier League Clubs EURO 2012 Cash Bonus
Mon 2nd Jul 2012 | Money & Finance
Premier League clubs with players that have competed in the UEFA EURO 2012 Finals are in line for a cash bonanza.
Chelsea’s Fernando Torres and Juan Mata’s, both of whom scored in the final for Spain last night, will earn the club an increased share of the compensation money set aside by UEFA.
Around 580 clubs, representing all 53 UEFA national associations will benefit from the distribution of payments, a substantial increase of nearly 400 clubs compared to the 180 clubs that received a share in 2008.
With the signing of a renewed Memorandum of Understanding between the European Club Association (ECA) and UEFA, in March 2012, the amount available for payment to the clubs has been set at €100 million for UEFA EURO 2012.
Following a proposal of the ECA Executive Board, and after thorough discussion between UEFA and ECA, the UEFA Executive Committee approved the mechanism that will be applied to distribute payments to clubs from the revenue of UEFA EURO 2012.
This result has been made possible by the decision to reserve €40 million to all those clubs having released players to the UEFA EURO 2012 qualification matches. These clubs will receive an equal share per player released for each qualification match.
The remaining €60 million will be distributed to the clubs having released one or more of their players for the final tournament of UEFA EURO 2012. The global amount will be broken down into a fixed amount per player per day, weighted in accordance with a club categorisation reflecting the different situations in European football.
The ECA Chairman, Karl-Heinz Rummenigge, said: “The increase from €55 million to €100 million clearly recognises the significant contribution clubs make to the success of the tournament. The new distribution mechanism is the result of the great collaboration between ECA and UEFA. We are pleased with the overall outcome. It will not only benefit around 580 clubs, but football as a whole.”
UEFA President, Michel Platini, said of the agreement: “Thanks to an excellent cooperation between UEFA and the ECA, today’s decision will benefit the whole football family and help shape a good and solid future for football in Europe.”
Posted by: Aaron Gourley
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