Premier Sports Cup prize money revealed as clubs to rake in RECORD sums

Prize money sums for this year's Premier Sports Cup have been revealed with a record-breaking pot on offer.

The SPFL have confirmed that a total of £3.5million will be paid out and that represents an increase of 14% on last year's competition, won by Rangers. The 20024/25 winners will take home £400,000 and the runners up will get £200,000, with prize money trickled down all the way to teams who go out in the groups.

After two seasons as the Viaplay Cup, the League Cup will be reverting back to the Premier Sports branding. The group stages of the cup, which always precede the league season, will start on the weekend of July 13/14 2024 with the draw being conducted on May 29. The final will then take place on December 15.

Neil Doncaster said: "We’re delighted to announce record prize money for our flagship cup competition next season. Premier Sports have been fantastic supporters of the League Cup and of our national game. That investment has enabled us to further increase the funds we can make available to clubs competing in our premier cup competition.

“We’re all looking forward to the return of the Premier Sports Cup, with the draw for the first round group stage taking place at 1.00pm on Wednesday 29 May, live on Premier Sports. Seeding pots for the draw will be confirmed early next week.”

On top of the prize money (listed below) clubs whose matches are broadcast live will be paid £18,000 in the group stage and £30,000 in the knockout rounds.

Premier Sports Cup prize money

• Winners - £400,000

• Runners-up - £200,000

• Losing semi-finalists - £150,000

• Losing quarter-finalists - £100,000

• Second round losers - £60,000

First round group stage:

• Five worst runners-up - £36,000

• Third position - £34,000

• Fourth position - £32,000

• Fifth position - £30,000