Dr Dan: West Ham would benefit from UEFA's £5.8bn Covid-19 emergency funding
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at West Ham...
West Ham could be in line to receive a significant windfall from UEFA’s £5.8billion Covid-19 emergency funding.
That’s according to Dr Dan Plumley, who claims that the Hammers’ participation in the Europa League makes them entitled to demand the organisation for additional funds.
According to Financial Times, UEFA has chosen Citigroup to lead a Covid-19 emergency relief fund for club football in Europe that could be worth up to €7bn.
It’s believed that clubs competing in the Champions League, Europa League and Europa Conference League will be the benefactors of it.
The proposal does not involve a stake in the organisation or any percentage of the broadcasting revenues.
It is believed to be about the debt that will be secured against UEFA’s broadcasting rights for its aforementioned club competitions.
Discussing how this would impact the Hammers, the Sheffield Hallam University expert told West Ham Zone, “There are no actual numbers about how this will be split it up but it’s for teams who play in European competitions.
“At the minute, it’s clubs that are either in the Champions League, Europa League, Conference League.
“What we know at the minute is that the repayments of that would be tied to a team’s future payouts from their participation in those tournaments run by UEFA.
“The amount of money a club could bid for must be in line with the amount of prize money they expect to receive from the competition.
“So anything significant for West Ham in this regard will be looked at in line with Europa League prize money.”
The Hammers have secured a pathway into the Round of 16 of the Europa League after winning their group.
They will await the winners from the play-off rounds whose games will be played between teams that finished second in their Europa League groups and ones that finished third in their respective Champions League groups.
In other West Ham news, the club want to sign an attacker billed the ‘New Gareth Bale’