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Revealed: Crystal Palace agreement could trigger £300m Uefa payout
Crystal Palace could benefit from a £300million Uefa payout after agreeing to back the Union of European Clubs campaign, Football Insider can reveal.
The UEC is an independent footballing body created to promote and support non-elite professional clubs around Europe.
The body was launched in April, and it has been reported that Palace were one of 40 teams across Europe to immediately register interest.
The UEC aims to give clubs outside of European competition more representative voting power and financial support compared to European powerhouses.
Their aims align with another European body – European Leagues – who represent 40 leagues in 34 countries.
They have called on Uefa to make a “substantial increase” to the amount of money paid to clubs not competing in European competition.
Uefa currently pay solidarity payments equal to around five per cent of their £3.2billion revenue from the Champions League, Europa League and Europa Conference League.
The solidarity payments are split evenly among 650 clubs in top-flight leagues that are not competing in Europe.
Uefa are being urged to double the solidarity payments to 10 per cent, which would approximately add an extra £300million to be distributed across top-flight clubs.
Uefa’s revenues are also expected to rise in the 2024/25 season when the Champions League adopts a ‘Swiss model’ league format which includes more games, teams and match weeks.
The 2024/25 season also marks the next cycle of media contracts.
The expected increase in revenue from 2024 onwards could see Uefa’s solidarity payments rise even further.
In other news, Crystal Palace set sights on signing Arsenal star