Liverpool set to lose out on £9m in prize money due to pandemic but Reds will still rake in £175m

Liverpool set to lose out on £9m in ‘merit money’ due to pandemic but will still rake in a whopping £175m in prize money after lifting the Premier League

  • Liverpool should have earned £63m in ‘merit money’ for winning the title
  • But performance-dependent bonus are set to be cut by about 14 per cent
  • The Reds will still cash in on title glory by receiving £175m in prize money

Liverpool are set to miss out on £9million in ‘merit money’ for winning the Premier League due to the effects of the coronavirus pandemic – but will still pocket an eye-watering £175m pay-out.

The Reds should have earned £63million in ‘merit money’ for winning their first championship in 30 years but that figure has been significantly reduced because of the drop in revenue coming in from broadcasters. 

According to The Times, the prize fund will be reduced by 14 per cent which will see Liverpool’s money drop fron £63m to £54m – a £9m difference.

Liverpool will collect the biggest performance-dependent bonus for winning the league

Liverpool will collect the biggest performance-dependent bonus for winning the league

Jurgen Klopp’s men will still win the biggest performance-dependent bonus with the money going down by about £2.7m per place for teams below them in the league table.

As only the performance-dependent payments have been affected, the champions still stand to earn a whopping £175m for winning the title.

The stakes remain extremely high for all clubs fighting for places up and down the Premier League table heading into the final game of the season on Sunday afternoon.

The stakes are high on the final day for Manchester United, Chelsea and Leicester City

The stakes are high on the final day for Manchester United, Chelsea and Leicester City

With clubs being hit hard by the financial ramifications of the pandemic, each millions pound counts that much more.   

In the race for the top four, up to £100m is on the line for Manchester United, Chelsea and Leicester City.

The three clubs are chasing the final two Champions League places on offer for English sides, and a potential windfall in the region of between £85m and £100m, depending on how far they go on to progress in next season’s competition.

source: dailymail.co.uk