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The importance of Liverpool securing a return to the Champions League this season is underlined by UEFA’s publication of the European prize money for the 2015/16 campaign.

The Reds pocketed 37.8million Euros (£34.2million) for reaching the final of the Europa League in Basel.

However, the riches available for competing among Europe’s elite is underlined by the fact that Manchester City claimed 83.8million Euros (£75.8million) for their progress to the semi-finals of the Champions League.

The lucrative British television rights deal with BT Sport meant that City banked even more than Champions League winners Real Madrid (£72.3million).

Juventus, who lost in the last 16, were third in the prize money table with £68.9million.

Liverpool’s windfall from UEFA, which includes cash from broadcasters and sponsors, was significantly less than the payments made to their domestic rivals Chelsea, Arsenal and Manchester United, who all competed in the group stage of last season’s Champions League.

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Chelsea landed £62.5million for a run which ended against Paris Saint-Germain in the last 16, while Arsenal got £48.3million for a campaign that led to defeat at the hands of Barcelona at the same stage.

United got £34.4million from the Champions League and a further £3.4million after dropping into the Europa League. They were knocked out by Liverpool in the last 16.