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For the previous season, the league distributed a total of £2.84 billion ($3.85 billion) among the clubs, with each team receiving six payments from the 'central revenue system'.
In the previous season, Manchester City, the league winners, earned a total of £175.9M ($238.2M), while runners-up Arsenal received £175.5M ($237.7M).
The clubs also receive merit payments based on their final league position and facility fees based on the number of times their games were televised during the season.
Manchester City earned £56.4M ($76.4M) for winning the league, while Arsenal, being the most televised club, earned an extra £26.9M ($36.43M)
Sheffield United, having finished at the bottom of the league, received a basic merit payment of £2.8M ($3.8M), with the champions receiving 20 times this amount, the runners-up receiving 19 times, and so on.
These figures are expected to remain roughly the same for this season, but the exact total won't be confirmed until the league publishes their annual report detailing the earnings of each club.
The Premier League is the wealthiest league in global football, as highlighted by Deloitte's most recent annual review of football finance
The report revealed that for the first time, the 20 clubs generated over £6 billion ($81.3 billion) in revenue during the 2022-23 campaign.
Premier League Prize Money Breakdown
1st (Liverpool) – £56.4M ($76.4M).
2nd (Arsenal) – £53.5M ($72.46M).
3rd (Manchester City) – £50.7M ($68.67M).
4th (Chelsea) – £47.9M ($64.88M).
5th (Newcastle) – £45.1M ($61M).
6th (Aston Villa) – £42.2M ($57.16M).
7th (Nottingham Forest) – £39.4M ($53.36M).
8th (Brighton) – £36.7M ($49.7M).
9th (Bournemouth) – £33.8M ($45.8M).
10th (Brentford) – £31M ($42M).
11th (Fulham) – £28.2M ($38.2M).
12th (Crystal Palace) – £25.4M ($34.4M).
13th (Everton) – £22.5M ($30.47M).
14th (West Ham) – £19.7M ($26.7M).
15th (Manchester United) – £16.9M (.$22.9M)
16th (Wolves) – £14M ($18.96M).
17th (Tottenham Hotspur) – £11.3M ($15.3M).
18th (Leicester) – £8.5M ($11.5M).
19th (Ipswich) – £5.7M ($7.7M).
20th (Southampton) – £2.8M ($3.8M).
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