UEFA has moved to increase the financial rewards from playing in the Europa League by announcing prize money for the tournament will increase by 65 per cent. An increase in television money for UEFA will also see prize money for the Champions League go up but the disparity with the Europa League will not be so great from 2015-18. At the moment, clubs in the Champions League earn an average of four and half times as much as those playing in the Europa League, but in the future UEFA will fix the ratio at 3.3 to one. Solidarity payments to those clubs who fail to qualify for the group stages will also rise significantly. Real Madrid's financial reward for retaining the Champions League would be even bigger than last year . Chelsea's Champions League exit at the hands of PSG has cost them a share of more lucrative prize money . The prize money for the winner of the Champions League final will rise from 10.5m euros (£7.6m) to 15million euros (£10.9m), and the winner of the competition could earn a maximum of 54.5m euros (£39.6m) in prize money plus TV cash from their share of the market pool. The move comes following a new agreement with the European Clubs' Association (ECA), which is also to have two representatives co-opted onto UEFA's executive committee - one of whom is expected to be ECA president Karl-Heinz Rummenigge. Sevilla won the Europa League last season, and Europe's second-tier club competition is getting a cash boost . The likes of Tottenham will benefit from the extra Europa League cash, if they do not finish in the top four . UEFA general secretary Gianni Infantino said: 'UEFA is really pleased that the new distribution system not only provides for a substantial rise in monies received by clubs participating in the UEFA Champions League and UEFA Europa League, but also strengthens UEFA's solidarity principle, namely ensuring an even more substantial increase in solidarity payments to clubs. 'In this way, the new system provides a better deal for everyone, especially those clubs which did not qualify to the group stage of either of the two UEFA club competitions. 'This is a perfect example of the proper implementation of the solidarity principle which forms an essential part of UEFA's key values.'
Europa League prize money to increase by 65 per cent . Disparity with Champions League rewards to be slashed . But Champions League prize money increases too . Champions League final winner will net £10.9m next season . Club could also earn £39.6m in total prize money, plus TV cash .