Chelsea’s Premier League title success earned them £99million in total prize money according to official figures - the most ever earned by a single club in one season from central funds.

The precise eye-watering sum was £98,999,554, made up of £24.9m ‘merit’ cash for finishing top of the table, £19.98m ‘facility fees’ for being in so many live TV games, plus equal shares of the domestic TV deal (nearly £22m), overseas TV deals (£27.8m) and commercial income from the leagues sponsors, such as Barclays (£4.4m).

Manchester City were second in the table and are second in the cash league with £98.5m, but Manchester United are the next highest earners (£96.8m) despite finishing fourth because they were live on TV more than third-placed Arsenal, who are fourth in the money table with £96.5m.

Chelsea’s Premier League title success earned them a record £99million in total prize money

Manchester City finished second in the Premier League table this season and earned the second-most cash

Manchester United and Wayne Rooney were regularly shown on TV, which boosted their 'facility fees'

This table shows the official figures for how much each Premier League club has earned this season

The 20 clubs involved in the 2014-15 season will split £1.6 billion in league cash for the campaign, from Chelsea at the top down to the lowest earners, QPR, who take £64.9m for finishing rock bottom. This is the biggest sum ever earned by a bottom-placed club.

The amounts paid to each club are detailed in the accompanying table.

The merit money is split depending on finishing position, with QPR getting £1,244,898 finishing in 20th place, and the clubs above getting that sum multiplied by the number of places they finished above QPR, up to Chelsea’s merit money of £24,897,960 for first place.

Every club receives at least £8,775,160 in facility fees, even when they were not shown as many times as the minimum 10 games they were supposed to be on live TV during the season. Burnley, Hull and Leicester were shown only eight teams each live in the UK, for example, and Stoke only nine times.

For every game above 10 games, clubs get an extra £746,176 per game. Manchester United were shown most often in live games, 27 times, and made £21.5m from facility fees. Manchester City were shown next most often, 26 times, with Chelsea, Arsenal and Liverpool being shown 25 times each.

Arsenal might have finished third in the Premier League table but they were below United money-wise

Chelsea finished the season as the champions of both the Premier League and its financial equivalent

Chelsea's total sum was made up predominantly of £24.9m ‘merit’ cash for finishing top of the table

The Blues also received £19.98m ‘facility fees’, plus equal shares of the domestic TV deal (nearly £22m), overseas TV deals (£27.8m) and commercial income from the leagues sponsors, such as Barclays (£4.4m).

Every club receives at least £8,775,160 in facility fees for the coverage of their league games that season

Away from the ‘Big 5’ clubs, there was then a drop-off before Newcastle, shown 20 times, and often because they were in crisis, then Tottenham on 18 times, Everton on 17 and no other club more than 13 times.

The Premier League have also announced a new distribution mechanism for parachute payments, to be handed out over three years from 2016-17, not four as now, and only for two years for clubs staying just a season in the Premier League.

A complex formula is currently used to calculate parachute money, paid to clubs in their first years after relegation from the top division. Cardiff, Fulham and Norwich received £25m each for the 2014-15 season after demotion last summer, for example, while Reading and Wigan, who went down the year before, got £20m. See other table for details.

For every game above 10 games, clubs get an extra £746,176 per game, United were shown live the most

The likes of Cardiff received £25m for their first season after relegation as part of their parachute payments

Promotion to the Premier League from the Championship will become even more valuable soon

From 2016-17, clubs in their first year down in the Championship will receive 55 per cent of an equal share of domestic money plus an equal share of overseas money. That is likely to be a payment of around £40m

This table indicates how much each of the recently relegated clubs earned through their parachute payments

From 2016-17, clubs in their first year down will receive 55 per cent of an equal share of domestic money plus an equal share of overseas money. That is likely to be a payment of around £40m by then. The second year payment will be 45 per cent, and the third year payment 20 per cent.

This reduction in parachute money - in terms of years - is balanced by more money going each season to all lower division clubs.