Leicester City’s potential gains from a race for Europa Conference League silverware will pale in comparison to what might have been won in the Europa League or Champions League.
City will take part in UEFA’s third-tier competition from next month, starting with the knockout stage against Danish side Randers, after being knocked out of the Europa League in December.
They are expected to go far in the Conference League and are only second to Jose Mourinho’s Roma with bookmakers to lift the trophy.
With silverware comes winnings, and a run to the trophy would see City win €10.9m (£9.2m), with prize money increasing for each stage of the competition reached.
But if City were still in the Europa League, advancing to the final and knocking out the winners would earn significantly more, at €19.5m (£16.4m).
Both of these figures are simply from prize money, but television revenue will account for a large part of the money clubs receive.
For example, City are expected to have earned €15.7m (£13.2m) in TV revenue from their participation in the Europa League group stage, while Tottenham, in the Europa Conference League, earned just around €5.2m (£4.4m). ) broadcast games.
The good news for City is that they are already estimated to have earned more from this season’s European tour than last season.
Football finance blog SwissRamble expects City’s total revenue from their campaign to date to be €21.7m (£18.2m), a few million more than last season, the figure continues amounting to €17.4m for a run in which the club were knocked out in the last 32, losing to Slavia Prague.
There’s also the ticket revenue bonus, which City didn’t receive last season with all European matches played behind closed doors.
But the big knock is that City aren’t getting the kind of money they could have earned had they held on to a Champions League place.
For the second consecutive season, City slipped out of the top four in the final weeks of the campaign.
The four clubs that have made the Champions League this season – Manchester City, Manchester United, Liverpool and Chelsea – are estimated to have all earned at least €78m (£65.6m) in competition alone. group stage.