As one of the most prestigious professional football tournaments for many years, the Premier League has a huge reputation among football fans around the world. The league has been electrifying tons of football fans every season with unforgettable moments, star players, and unforgettable scenes since its beginning years ago. It is also known for generating millions of dollars in revenue. So many clubs’ main goal is to win the English Premier League. Achieving this goal not only provides a reputation for them but also they earn huge prize money that comes with it. In this article, you will learn about the details of the prize money for winning the Premier League.
How Much Money Do You Get For Winning The Premier League?
The prize money that the winner earns during the Premier League is quite remarkable, as one of the most incredible cash prizes in professional sports. For instance, during the 2022-2023 season, the total prize money for the Premier League was highly impressive, being approximately £3.5 billion with the champion receiving the largest share.
In the previous year, the champion was prized with £150 million for winning the league, while the runner-up received £75 million. It is clear that the difference between first and second place is £75 million – a serious amount.
In addition to the prize money, the club’s final position in the league table can earn them an amount to praise for their performance throughout the season. For instance, the club in third place earned £67 million. On the other hand, the clubs that placed 20th and more received £2 million.
It should be noted that the prize money is divided among the first team and among the entire club consisting of the youth academy and other supporting departments. In this way, the clubs can invest in their infrastructure, needs, and long-term sustainability.
What Do The Other Teams Get For Placing In The Premier League?
The Premier League champions become the group that receives the largest prize money with the successful plays they perform that year. Of course, the league achievements of the remaining groups do not pass without being rewarded. At the end of the season, the teams who will receive prize money are announced according to their performance. Although not as much as the names at the top of the table, they leave the league with considerable numbers.
In the 2022-2023 season, champions’ share is £115 million while second team earns £36 million. The team finish the season at bottom of the table, 20th place is prized with £79.5 million. Although the other teams’ payments go less one by one, they still earn a great amount of money. But the prize money is not the only source of revenue for the Premier League clubs. They also have income from broadcasting rights, sponsorships and merchandise sales like kits.
