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Leicester City Earns £66M For Champions League Run

EPL side Leicester City's Champions League campaign "may have come to an end last month," but the club's European tour earned it a "massive" £66M ($85.2M), according to Jonny Singer of the London DAILY MAIL. Leicester made it to the quarterfinals before being knocked out by Atlético Madrid in its "first experience of Europe's elite competition." That means the club "will take home more than any other English side." The system for allocating Champions League funds is complicated, "based on everything from progress through the tournament to the previous season's league position." That meant that Leicester began the season with 40% of England's allocated TV pool for the group stages, a "whopping" £22M ($28.4M), according to website Swiss Ramble. Arsenal, which finished second last season, "banked" a little over £16M, with Tottenham taking just under £11M and Man City only £5.4M. Leicester then received £17M ($22M) in TV money for its progress to the last eight -- with Arsenal and Man City each earning £13.6M ($17.5M) for reaching the first knockout round, and Tottenham getting £10M ($13M) because it was knocked out in the group stages. Combined with the TV money and participation awards, Leicester "banked" £66M, with Arsenal earning £53M ($68M), Man City £41M ($53M) and Tottenham £35M ($45.2M) (DAILY MAIL, 5/4).

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