Arsenal earn more Champions League money than Bayern Munich despite 10-2 exit

Arsenal may have been handed a pair of drubbings by Bayern Munich on the pitch in last season’s Champions League games but when it came to the balance sheets there was a surprise winner.

Arsene Wenger’s side were eliminated 10-2 on aggregate by Bayern in the Champions League round of 16 last season but were on the receiving end of a £57.7million payment from Uefa that was only bettered by five clubs – Napoli, Monaco, Leicester, Real Madrid and Juventus.

Bayern were eliminated in the following round by eventual winners Real Madrid and earned £48.9m from their participation, nearly £10m less than the Gunners.

Runners-up Juventus were the competition’s highest earners with a £98.6m payment. The Serie A champions benefited from a market pool of around £52m due to the participation of only two Italian sides in the Champions League group stage.

In total Uefa distributed £1.24bn to participating clubs in last season’s Champions League, £518m of which was handed out through the market pool, which is further split up based on the proportional value of each TV market.

Though England has the largest market their payments were split between four clubs whilst only Napoli and Juventus were involved in last season’s Champions League group stages.

Quarter-finalists Leicester were England’s highest earners at £72.9m, whilst quarter-finalists Manchester City received £44.8m from Uefa. Tottenham, eliminated at the group stage, were given £38.7m.