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SBD Global/September 27, 2012/Finance

European Handball Federation Will Pay More Than $4M In Bonuses To The 24 CL Clubs

The European Handball Federation "will pay bonuses of €3.3M ($4.2M) to the 24 Champions League participants," according to the DPA. Almost "a third of the bonuses will be paid to the four clubs that reach the Final Four," which will be played on June 1-2 in Cologne, Germany. Each of the 24 CL clubs gets €40,000 ($51,000) in starting fees. Group stage winners will cash in an additional €40,000, while second-, third- and fourth-place teams will get €30,000 ($38,500), €20,000 ($25,500) and €10,000 ($12,800), respectively. Each club that reaches the round of 16 will pocket €25,000 ($32,000). If a team makes it to the quarterfinals, another €40,000 is waiting. The four clubs that reach the CL Final Four will receive €100,000 ($128,000) each, with the CL winner pocketing an additional €250,000 ($312,000). The runner-up will get €150,000 ($192,500), and the third- and fourth-place teams will cash in €100,000 and €50,000 ($64,000), respectively (DPA, 9/26).
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