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This is why Leicester City earned more money than Real Madrid in Europe last season

The English giants were better off in the UEFA Champions League than champions Real Madrid in monetary terms.

Leicester - who reached the furthest of any English side during 2016/17 campaign - received the second highest amount at £73.2m with Real earning just under them at £72.58m.

The Spanish giants edged Juventus 4-1 to become the first club to defend the rechristened European (UEFA Champions League), but they fell short of the Italian giants in the prize-money table.

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Juventus topped the prize-money table receiving £98.92m, with Leicester City receiving £73.2m, making them the second highest earner from last season’s UEFA Champions League despite reaching the round of 16 and Real Madrid finished third with earnings of £72.58m.

British and Italian TV deals were more valuable than the Spanish rights, and were shared between fewer clubs than Spain's five in the competition.

UEFA awarded a basic fee of £11.38m to each of the 32 Champions League teams, plus bonuses for results and a share of TV rights money known as the market pool.

That formula gave clubs a share of broadcast deals covering their home country and allowed domestic champions to earn more than second- to fourth-place teams.

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