Arsenal, Manchester City, Chelsea and Manchester United are guaranteed £22.5million even if they fail to qualify for the knock-out stages.

Last season, Sir Alex Ferguson's United side earned a total of £46million in getting to the final.

Each of the 32 teams in the group phase receives a participation payment of 3.9m euros and 550,000 euros for every match played in the group stage. Performance bonuses will see 800,000 euros paid for every win and 400,000 euros for each draw.

Each team reaching the last 16 will get a further 3m euros, quarter-finalists 3.3m euros and the four semi-finalists 4.2m euros. The Champions League winners take home a further 9m euros and the runners-up 5.6m euros.

Each clubs is then also a given a share of the market pool of TV money, based on the value of the television contracts in their country and where they finished in their domestic league.

Last season, Chelsea earned the most of any club in Europe from the market pool - £23million.