UEFA and the European Club Association (ECA) signed a renewed working agreement until 2030 which will “bolster long-term stability and sustainable growth in European club football,” the governing body said in a statement.
The change will be effective from the start of the 2024-25 season, coinciding with a new format in UEFA’s Champions League, Europa League and Europa Conference League.
Under the new model for the 2024-2027 cycle, seven percent of the revenue UEFA earns from the three competitions will be distributed to clubs not competing in them, up from four per cent.
The European Leagues Association, which represents professional soccer leagues in Europe, said the change would result in 308 million euros ($330.02 million) being shared among non-participating clubs, up from the current 175 million euros.
“Today’s announcement … will help all clubs across Europe to safeguard their competitiveness on and off the pitch while keeping investing in youth and talent development,” it said in a statement.
UEFA said further details of the new system would be unveiled at a later date.