Prize money unchanged
Prize money for the this season's Champions League will be the same as last year, UEFA have announced - meaning that English clubs in Europe can earn up to £50 million if they win the competition.
Arsenal, Manchester City, Chelsea and Manchester United are guaranteed £22.5 million even if they fail to qualify for the knock-out stages.
Last season, Sir Alex Ferguson's United side earned a total of £46 million in getting to the final.
Each of the 32 teams in the group phase receives a participation payment of £3.37 million and £475,000 for every match played in the group stage. Performance bonuses will see £690,000 paid for every win and £345,000 for each draw.
Each team reaching the last 16 will get a further £2.6 million, quarter-finalists £2.85 million and the four semi-finalists £3.6 million. The Champions League winners take home a further £7.8 million and the runners-up £4.48 million euros.
Each clubs is then also a given a share of the market pool of TV money, based on the value of the television contracts in their country and where they finished in their domestic league.
Last season, Chelsea earned the most of any club in Europe from the market pool - £23 million.