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Chelsea boosted by €64m Champions League winnings

Chelsea have received a huge cash reward for their Champions League triumph over Bayern Munich in May, picking up €64 million in prize money.

The Blues' penalty shoot-out victory at the Allianz Arena saw them unsurprisingly take home the biggest payout of the clubs which took part.

Losing finalists Bayern earned €42m from the €760m prize fund shared among 32 participating teams.

Despite being eliminated at the group stage of the competition, Manchester United were England's second highest earners, receiving a sum of €35m.

Rivals Manchester City, who were also knocked out early on, took around €27m for their efforts.

Arsenal, who went further in the competition, only to be eliminated by AC Milan over two legs, took €28m into the Emirates Stadium coffers.

English clubs are rewarded for valuable broadcasting deals, which are factored into the Uefa payout calculations. The administrative body paid clubs €7m for taking part, plus results-based bonuses.

It has also been revealed that Champions League revenue will rise around 20 per cent over the next three seasons.