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Around the World

Over €250 million up for grabs as English teams battle for Europe Silverware

According to the estimated figures earlier released by UEFA, the finalist in both UEFA Champions League and Europa League Cups will scoop over €250 million Prize. #UELfinal

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Europa League

The stage is now set for the historic all English European football finals. The finalists will reportedly earn a lump sum following their success in the 2018/19 Season. It is the first time all four finalists in Europe’s top two competitions have come from one country.

According to the estimated figures earlier released by UEFA, the finalist in both UEFA Champions League and Europa League Cups will scoop over €250 million Prize.

Following Liverpool FC‘s dramatic win against Barcelona FC and Tottenham‘s win against Ajax in the Champions League, the two teams are set for the final showpiece in Wanda Metropolitano in Madrid, Spain on 1 June 2019.

On the other hand, Arsenal FC and Chelsea FC are also set to lock horns together in the Europa Cup League final, after both edged Valencia and Eintracht Frankfurt to book their spots in the Europa League final in Baku on Wednesday, 29th May.

Breakdown of Prize Distributions

UEFA estimates the revenue for 2018-19 season’s Champions League, Europa League, and Super Cup to be around €3.25 billion. However, the European football governing body has disclosed that prize money pool for the 2018-19 Champions League season is a record-breaking €2.04 billion which will be distributed among Champions League participants from qualifying rounds to the final. Also, €510 million will be reserved for Europa League and Super Cup competitions.

  • €30 million will be distributed among the teams who played in Champions League playoffs but failed to qualify for group stages.
  • €488 million awarded equally to all 32 participating teams in the group stage.
  • Teams will be awarded €2.7 million per win in the group stage and €900,000 per draw. €2 million to group winners and €1 million to group runners up.
  • Round of 16 teams get €9.5 million per club, €10.5 million per club for quarter-finalists.
  • €12 million per club for semi-finalists and
  • €15 million per club for finalists.
  • Eventual winners take home another €4 million.

Champions League finalists

Tottenham is playing Liverpool in the final of 2019 Champions League, and both English clubs will reportedly earn around €70 million each from performance related pot. Also, the two clubs will get a hefty amount from Co-efficient ranking and the Market Pool Pots.

Liverpool will receive slightly more prize money than Tottenham at this stage due to their superior group stage record, while they also earn more from the UEFA coefficient distribution.

As a result, as things stand Liverpool are set to earn €107.2 million from their participation in this season’s Champions League, while Spurs will net €101.6m, although an extra €4 million will go to the winner of the final. This is a big increase on the €78.2 million Liverpool earned after being beaten by Real Madrid in last season’s final.

Europa League Finalists

Both Arsenal (Gunners) and Chelsea (the Blues) will net significantly lower sums for reaching the Europa League final. The two London clubs will lock horns on Wednesday. Note that this will be Arsenal‘s most important game in more than a decade. Arsenal‘s last two most important games of the last decade and change came in 2006 and 2014.

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The distribution from the UEFA coefficient is also much lower, standing at 15% in the Europa League as opposed to the 30% in the Champions League. The Gunners reportedly earned €38 million by being knocked out at the semi-final stage by Atletico Madrid last season, whereas as things stand the club will earn €36 million by reaching the final this term.

As it stands, either of Europa League winner (Chelsea & Arsenal) would earn around €20 million from fixed amount portion and another €20 to €25 million in the market pool. This takes potential earnings from Europa League winner between €40 million to €45 million.

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Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

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Around the World

Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.

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President Idriss Deby of Chad has died of injuries suffered on the frontlines when some terrorists attacked the army. The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.

The departure of the newly re-elected President was disclosed by the AFP News Agency on Tuesday through its Twitter handle.

It tweeted, “#UPDATE Chad’s newly re-elected President Idriss Deby Itno, in power for three decades, died Tuesday of injuries while fighting rebels in the north of the Sahel country, the army says.”

Meanwhile, a four-star general who is a son of Chad’s slain president Idriss Deby Itno will replace him at the head of a military council, the army announced Tuesday.

“A military council has been set up headed by his son, General Mahamat Idriss Deby Itno,” the army’s spokesman, General Azem Bermandoa Agouna, said on state radio, shortly after the announcement that the newly re-elected president had died of wounds while fighting rebels in the north of Chad.

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Around the World

Elon Musk loses an estimated $6bn after a Tesla car accident killed two people

Elon Musk’s net worth dipped by $6 billion following a tragic Tesla car accident that killed two people.

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Elon Musk, Tesla, SEC, Stock, Twitter, COVID-19: Tesla’s Elon Musk to produce ventilators as fast-spread of disease lingers

The second richest man in the world, Elon Musk, witnessed his wealth shed an estimated $6bn after a Tesla car was involved in an accident that led to the death of two people.

Tesla stocks dropped by 3.8% after the news of the crash went mainstream. The resultant effect on Elon Musk’s wealth was a $5.71bn loss in a single day.

READ: Google threatens to remove its search engine from Australia due to media code

The Accident

Two men lost their lives on Saturday night in Houston when their 2019 Tesla model car slammed into a tree. Police authorities on sight claimed the car might have been on autopilot due to the sitting position of the corpses.

They also struggled to put out the fire from the Tesla car and even called Tesla for help. The death of the two men has sparked a heated argument between Tesla and its critics. Autopilot or not?

Although police officers’ assertion that the car may have been on autopilot remains unconfirmed, it has raised serious uncertainty about the safety of Tesla’s autopilot feature and Tesla’s critics are not backing down on this.

READ: Dealers explain why ‘Tokunbo’ Cars are expensive

Elon Musk reacts

Elon Musk has reacted to the news, insisting that the autopilot feature in the crashed vehicle was not enabled. According to him, the Wall Street Journal’s coverage of the accident was not professional.

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READ: Meet the 39 years old Chinese billionaire electric car maker 

 

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What you should know

Elon Musk is now worth $183bn following the recent drop. He closed the gap on Amazon’s Jeff Bezos to $4bn early last week. The gap has widened to $14bn today.

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