Man Utd finance chief warns against major overhaul of European revenue split

European Leagues present data showing that out of €3.6 billion in annual income in the current 2021-24 cycle, €2.8bn ends up at 96 participating clubs in the Champions League and the Europa League - with just €175m then split among 750 non-participating clubs.

PAY DAY: Real Madrid lift the Champions League trophy after their victory over Liverpool at Stade de France

Manchester United's finance chief Cliff Baty has warned against a major overhaul of how money from the Champions League and other European competitions is carved up.

Jacco Swart, managing director of the European Leagues group which represents 37 professional leagues across the continent, including the English Premier League, said on Thursday that "drastic changes" are needed to the revenue split when the newly-agreed European club competition formats kick in from 2024.