The Premier League has revealed the payments made to clubs for the 2015-16 season, with four teams earning more money than champions Leicester City.

Arsenal were the biggest earners, raking in £101.952 million. Second on the list were Manchester City at £96.972m, followed by Manchester United at £96.477m and Tottenham Hotspur with £95.222m.

Leicester come in fifth with £93.22m as they were chosen for live television broadcast in the UK on far fewer occasions than the traditional big clubs.

Fifty percent of UK broadcast revenue split is equally (£21.925m for each of the 20 clubs), with 25 percent paid in prize money based on league position and 25 percent allocated based on the number of times a club's matches are broadcast in the UK. All international broadcast revenue is shared equally.

Arsenal top £100 million in payments from Premier League, the most of any club. pic.twitter.com/qc9fPCVs0l - Mattias Karén (@MattiasKaren) May 24, 2016

The Foxes were shown live just 15 times, while Arsenal were the most popular choice for broadcasters Sky and BT with 27 of their 38 matches picked. Man United were shown 26 times, Man City 25, Liverpool 23, Chelsea 22 and Spurs 21. Everton (18) and Newcastle (16) were also shown live more times than the champions.

Aston Villa, who finished bottom, received £1.242m in prize money and for each position up the league table the merit payment increases by that amount -- Leicester received £24.848m for winning the title.

Each club also gets £29.416m from the overseas broadcast deal and £4.509m from the central commercial contract.

Villa earned £66.622m in total despite finishing bottom, with the other relegated clubs Norwich earning £67.117m and Newcastle £72.847m.

Next season the new UK broadcast deal with Sky and BT kicks in, which sees a 71 percent increase in revenues. It means the team finishing bottom of the Premier League can expect to earn in the region of £100m.

The Premier League also published the parachute payments paid to Championship clubs. Burnley, Hull City and Queens Park Rangers received £25.937m, while Cardiff City and Fulham were paid £20.803m with Blackburn Rovers, Bolton Wanderers, Reading, Wigan Athletic and Wolverhampton Wanderers on £10.535m.