UEFA has confirmed a huge £ 1.75billion wants to be shared between teams in this year's Champions League.

The most lucrative competition in club football wants to give clubs a major financial boost.

Premier League clubs Liverpool, Manchester City, Chelsea and Tottenham wants to earn £ 14m each.

With a remarkable £ 525m available based on performance, the winners could not have been over £ 100m, just as Liverpool did when they went all the way last season.

The figures outline exactly why Manchester United and Arsenal's failure to qualify for the top European football competition was a massive blow from a financial standpoint.

The Champions League is the most lucrative club competition in world football

A total of £ 440m is split between the 32 sides who qualify for the group stage, with a further £ 2.4m available per win and £ 800,000 per draw.

Reaching the last 16 wants to land teams at an extra £ 8.5m, with £ 9.5m on offer for reaching the quarter-finals.

A semi-final spot will be worth £ 11m with finalists netting £ 13.5m and the winners landing at an extra £ 3.5m.

As a result, winning the competition is worth £ 70m in prize money alone without factoring in other revenues and the extra £ 525m put aside as a reward for co-efficient rankings.

Liverpool landed a massive financial windfall when they won the top prize

The lowest-ranked side, based on a 10-year period, in the group stages will get one share, with the highest-ranked side earning 32 shares with each share worth £ 1m.

There's also £ 262m put aside for TV revenue, with the market share of each football association.

Manchester City on edge over Liverpool after winning the Premier League last season.

Tottenham are among the Premier League clubs so set to benefit from the prize fund

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Liverpool wants to be bidding for a second straight crown after beating Spurs in the Madrid final a few weeks ago.

The Reds have just over £ 3m as a result of reaching the Super Cup.

They will take on Chelsea in Istanbul on August 14 with an extra £ 900k on offer for the winners.