|Arsenal’s lack of success in the Champions League could hit them financially (Picture: Getty)|
Arsenal face losing out to rivals Chelsea and Manchester United in new Champions League rulings that will financially benefit the previous winners of the competition. From 2018, part of the TV money for participating in the Champions League could be distributed according to the amount of titles each club has won in the competition.
Manchester City were England’s biggest earners in last season’s Champions League, where they were handed £63million for reaching the semi-finals.
However, Pep Guardiola’s side, along with Arsenal, could be hit by the fact that neither club has won the Champions League before.
Presuming the likes of Chelsea, Manchester United and Liverpool are back in the competition by 2018, then the trio of clubs stand to earn millions of pounds more on the basis that they have won the competition in the past.
England's European Cup winners:
Liverpool: x5 (1977, 1978, 1981, 1984, 2005)Manchester United x3 (1968, 1999, 2008)Nottingham Forest x2 (1979,1980)Chelsea x1 (2012)Aston Villa x1 (1982)
According to the Times, advocates of the changes argue that the teams that have helped to make the Champions League the prestigious competition that it is deserve to be suitably rewarded. The rule changes have been agreed in principle but are being opposed by the European Professional Football Leagues, who threaten to pull out of an agreement that domestic matches must not clash with European games.