English Premier League prize money for the 2023-24 season revealed

The Premier League 2023/24 season is nearing its end, and the race to determine who will lift the trophy is tightly contested.

But other than the trophy, clubs compete for the prestigious English Premier League prize money.

The money will be distributed to EPL clubs based on their position in the table at the end of the season.

Below is a detailed look at the prize money distribution and add-on payments for the 2023-2024 season.

How much does a team get for winning the Premier League?

According to The Mirror, the Premier League has set a prize pot of approximately £2.5 billion for the 2023/24 season.

Although the Premier League does not publicly release the exact prize money figures, the prize for winning the Premier League is estimated to be £44 million ($56 million).

The £44 million is the prize for lifting the Premier League trophy alone. This does not include other winnings, such as TV rights payments and sponsorship deals.

How much do other teams earn in the Premier League?

The club that lifts the Premier League trophy is not the only one to walk away with prize money. Other teams are also paid based on their performance.

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Below is a look at the estimated premier league prize money for each position for the 2023-2024 season:

EPL Club PositionEstimated Prize Money Share
1£44 million ($56 million)
2£41.8 million ($53.3 million)
3£39.6 million ($50.40 million)
4£37.4 million ($47.6 million)
5£35.2 million ($44.8 million)
6£33 million ($42 million)
7£30.8 million ($39.2 million)
8£28.6 million ($36.4 million)
9£26.4 million ($33.6 million)
10£24.2 million ($30.8 million)
11£22 million ($28 million)
12£19.8 million ($25.2 million)
13£17.6 million ($22.4 million)
14£15.4 million ($19.6 million)
15£13.2 million ($16.8 million)
16£11 million ($14 million)
17£8.8 million ($11.20 million)
18£6.6 million ($8.4 million)
19£4.4 million ($5.6 million)
20£2.2 million ($2.8 million)

As the table shows, each EPL table position is worth about £2.2 million ($2.8 million).

How much did Man City get for winning the Premier League in 2023?

£44 million is the prize for lifting the Premier League trophy alone
£44 million is the prize for lifting the Premier League trophy alone. Image: X/anele_unplugged

Manchester City was crowned the EPL winner in the 2022-2023 season. The club received an English Premier League prize money payment of around £44 million ($56 million).

However, the club is estimated to have walked away with around £161.3 million ($205.3 million).

The £161.3 million included the £44 million EPL champions’ prize and other add-on payments made by the Premier League, such as a share of the TV broadcast pot.

How much did other EPL teams get in the 2022/23 season?

Manchester City were not the only club that received add-on payments from the Premier League. Below is a look at the estimated premier league prize money table for the 2022-2023 season:

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Team PositionEPL ClubTotal EPL Prize Money Share
1Manchester City £161.3 million ($205.3 million)
2Arsenal £159.8 million ($203.38 million)
3Manchester United £152.1 million ($193.58 million)
4Newcastle United £151.7 million ($193.08 million)
5Liverpool £151.6 million ($192.95 million)
6Brighton & Hove Albion £150.2 million ($191.17 million)
7Aston Villa £142.1 million ($180.86 million)
8Tottenham Hotspur £134.0 million ($170.55 million)
9Brentford £131.5 million ($167.37 million)
10Fulham £130.6 million ($166.22 million)
11Crystal Palace £128.2 million ($163.17 million)
12Chelsea £124.3 million ($158.20 million)
13Wolverhampton Wanderers £123.3 million ($156.93 million)
14West Ham United £121.0 million (154.00 million)
15Bournemouth £120.4 million ($153.24 million)
16Nottingham Forest £116.1 million ($147.77 million)
17Everton £113.3 million ($144.20 million)
18Leicester City £106.1 million ($135.04 million)
19Leeds United £104.6 million ($133.13 million)
20Southampton £100.3 million ($127.66 million)

Thus, the English Premier League is very prestigious, with even the lowest-ranked teams walking away with over £100 million in total prize money.

What is the prize money for the English Premier League promotion?

Three clubs in the English Football League Championship (a second-tier league) are promoted to the Premier League every year. Such promotions often involve a large prize money sum.

The exact figures received for earning a promotion to the Premier League are unknown to the public.

However, teams (especially those that win the championship playoffs) are estimated to receive up to £170 million ($216.27 million) distributed across three seasons.

The longer the promoted team stays in the top-flight league, the more it continues to earn.

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Therefore, a team that avoids relegation in its first season after promotion can earn up to $360 million ($458.02 million) distributed across three to five seasons.

Other forms of income for Premier League clubs

Premier League clubs enjoy other income revenues besides the EPL prize money share. These include:

1. TV rights money

The Premier League enjoys very lucrative TV rights deals.

For example, the league’s current deal with broadcast networks Sky Sports, Amazon Prime Video, BBC Sports, and TNT Sports is worth £5 billion ($6.36 billion) over three years.

Premier League also earns billions from other international TV rights and league sponsorship deals. Much of the money from these deals is distributed to the 20 teams competing in the top-flight league.

For example, in the 2022-2023 season, Premier League clubs received the following amounts from TV rights deals:

  • £31.4 million ($39.96 million) – Guaranteed equal share for every club in the Premier League.
  • £47.5 million ($60.45 million) – International TV rights.
  • £5.9 million ($7.3 million) – Central commercial payments.
  • Facility fees – It depends on the number of televised matches a club is involved in.

2. Ticket sales and sponsorship deals

Newcastle vs Luton during a past English Premier League match
Newcastle vs Luton during a past English Premier League match. Image: X/eplke

English Premier League clubs earn money through ticket sales for stadium matches and individual sponsorship deals.

For ticket sales, several Premier League clubs earned over £50 million, with top earners like Arsenal, Manchester United, and Tottenham Hotspur collecting over £100 million.

Premier League clubs also have several sponsorship deals, the most common being shirt sponsors.

The deals vary from club to club, but they are very lucrative, reaching over £40 million per season for top clubs.

The above is a complete breakdown of the English Premier League prize money for the 2024 season. So, how much do you think your favorite Premier League club will win?

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