Arsenal and Chelsea have reached Europa League final and enhanced their earnings in the tournament by beating Valencia and Frankfurt in the semi-finals. The Premier League clubs are the two remaining British representatives in the competition after Celtic were knocked out by Arsenal's semi-final opponents in the round of 32 and Rangers exited at the group stage. The London outfits stand to earn more Europa League prize money should after emulating Liverpool and Tottenham in the Champions League by setting up an all-English final.

How much is Europa League prize money 2018/19? Europa League prize money is based on qualifying for different stages of the season and results in individual matches, mirroring the rewards system of the Champions League. There are some variable amounts dependent on the value of TV markets, but the fixed payments begin with a group stage reward of €2,920,000 (£2.5 million). A victory in the Europa League group stage paid €570,000 (£489,000) this season, with a draw worth €190,000 (£163,000). Although Rangers finished third in their group and won just once, qualification for the Europa League group stages helped the club to register a profit. Revenue from their three home matches in the competition, as well as three draws, contributed to the Ibrox club reporting an 82 percent increase in revenue, to £35.3m for the six-month period to the end of December. FURTHER READING: WHEN IS THE EUROPA LEAGUE FINAL?

Europa League prize money: how much have Arsenal, Chelsea, Rangers and Celtic earned?

Europa League prize money: how much have Rangers and Celtic earned?

Celtic received €500,000 (£429,000) for coming second in Europa League Group B, compared to €500,000 (£429,000) for runaway group winners Red Bull. Despite being knocked out by Valencia, they had the consolation of a bonus of €500,000 (£429,000) for entering the round of 32. How much Europa League prize money can Arsenal and Chelsea earn? Arsenal and Chelsea both won their Europa League groups and won five of their six matches, receiving £850,000 for topping their tables and racking up a total of £2.61 million in prize money each. The contenders then earned €1,100,000 (£944,000) for reaching the Europa League round of 16 and €1,500,000 (£1.29m) for the quarter-finals. Arsenal and Chelsea have already earned €2,400,000 (£2.06m) for their part in the semi-finals. FURTHER READING: WHERE WILL THE EUROPA LEAGUE FINAL BE PLAYED?

Europa League prize money: Arsenal and Chelsea could both earn a final reward