CL prize money to increase

Updated: May 1, 2012, 2:09 PM ET
Associated Press

NYON, Switzerland -- Europe's top clubs are set to get a 15 percent raise in Champions League prize money for the next three seasons, the head of UEFA's commercial division said Tuesday.

UEFA's current three-year Champions League broadcasting and sponsorship deals have earned $1.46 billion annually, and finalists typically earn about $66 million each.

Increased demand and improved contracts will see combined revenues for the Champions League and Europa League top $2 billion for the ...

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