UEFA and the European Club Association have confirmed a new revenue distribution model that will increase solidarity payments to teams not participating in UEFA’s club competitions.
The arrangement is under a new distribution model announced on Wednesday by UEFA.
Under the new model for the 2024-2027 cycle, seven per cent of the income UEFA and European football’s governing body earns from the Champions League, Europa League and Europa Conference League, will be distributed to teams not in the competitions.
It is meant to be an increase from four per cent
A statement from the European Leagues Association, the body that represents the domestic leagues, read, “The European Leagues Association welcomes today’s announcement of UEFA to increase solidarity payments for non-participating clubs during the upcoming 2024-27 UEFA Club Competitions (UCC) cycle.
“Through the years, the European Leagues and its members have been firmly calling UEFA and the football stakeholders for the implementation of a fairer revenue distribution model in UCC so as to protect the competitive balance of domestic league competitions.
“Today’s announcement to grow the share for non-participating clubs to 7% (up from the current 4%) of the projected annual €4.4 billion of UCC global income will help all clubs across Europe to safeguard their competitiveness on and off the pitch while keeping investing in youth and talent development.
Source: PUNCH
In other news-5 Zimbabweans killed in Limpopo cash-in-transit shoot-out
Hawks have identified 16 of the 19 people killed in the recent Limpopo cash-in-transit (CIT) gang shoot-out. Guns were blazing at a luxury home in Makhado on Friday when the Hawks raided the property to clamp down on a suspected armed CIT gang who were planning to commit a robbery.
As the suspects were about to leave the house to execute their mission, they started shooting at the Hawks members. The Hawks returned fire and for 90 minutes a shoot-out ensued, killing 18 gang members. The 19th body was discovered on Saturday when the Hawks combed the scene. Read more
