UEFA fulfills its promise to the poor of Europe

The European Football Association (UEFA) decided today, Wednesday, to redistribute financial rewards, in order to increase the revenues of small clubs that do not participate in its continental competitions, starting from 2024.

This decision comes before the start of the group stage of the new season of the Champions League, Europa League, and Conference League, which will be the last in the current format.

The three continental competitions will move from 2024 to 2027 to the mini-tournament system, replacing the currently existing group stage, which will increase the amount of financial revenues, especially from television broadcast rights, in the midst of the ongoing controversy over sporting justice in European football.

Under the new agreement concluded today, Wednesday, between the European Football Association and the European Club Association, which extends until 2030, teams that do not qualify for club competitions in the Old Continent will share 7% of the financial revenues during this period.

This equates to 440 million euros per season, or 1.32 billion euros over the entire period, compared to 4% currently, UEFA said in a statement.

The share granted to clubs whose campaign ends in the qualifiers does not change, as it remains at 3 percent, while the allocations for clubs participating in the three competitions will increase “with a greater focus on participation” (from 25 percent currently to 27.5 percent), and “performance,” that is, results ( From 30 percent currently to 37.5 percent).

But the revenues of the current European system, related to the share of television transmission in the country to which the club belongs, and the “rate” that reflects the historical performance of each team, will decline from 45 to 35 percent as of next season, according to “UEFA,” which promised to reveal “the details of the system.” New later.

The agreement between the European Football Association and the European Club Association, which sets out the framework for joint management of competitions in each cycle of time, comes in the midst of a debate about the control of a handful of clubs over financial resources and titles, at the expense of a large number of other clubs on the old continent.

UEFA promised last year to make “sporting justice” one of its main projects.