Chelsea are on course to secure a finish in next season’s UEFA Champions League.
The Blues took a major step towards qualification for Europe’s elite competition by beating Leicester City 2-1 on Tuesday evening, placing Thomas Tuchel’s side in third position with one match remaining.
Aston Villa are the final team Chelsea must overcome to earn a place in the top four.
Should the Blues miss out, the Blues would have to defeat Manchester City on May 29 in order to compete in next season’s Champions League.
But just how costly could the club missing out on Europe’s elite competition be?
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Based on last season’s figures each finishing position is worth between £2m to £4m extra in merit payments and a little extra in overseas broadcasting revenue.
In 2019/20 Liverpool won a merit payment of £35.5m for topping the table with 20th-placed Norwich City getting only £1.8m.
The overseas broadcasting income has been worked out differently since the start of the 2019 contract cycle and various in value based on a team’s finishing position.
That meant Liverpool banked just over £70m, according to estimates from Swiss Ramble, while bottom-placed Norwich ended up with £44.6m.
Chelsea finished fourth and made £67.1m, with fifth-placed Spurs getting £64.3m and Arsenal £61.5m for ending up sixth.
All 20 clubs are awarded an equal payment from TV and radio deals. Last season it was worth £31.8m per club, with additional facility fee payments based on how many times a team is shown live.
Liverpool earned £31m from facility fees last season. Chelsea made £26.8m, Tottenham £27.8m and Arsenal £26.8m. Crystal Palace and West Ham banked only £13.4m and £17.5m respectively.
But with every Premier League game this season being televised due to the pandemic, it is unclear how those payments will be broken down.
Last season merit payments were calculated as follows:
1st £35.5m
2nd £33.8m
3rd £32m
4th £30.2m
5th £26.6m
6th £23.1m
7th £28.4m
8th £24.9m
9th £21.3m
10th £16m
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These figures all subject to change because of pandemic, however.
Chelsea missed out on the chance to bank additional revenue in last weekend’s FA Cup final, losing 1-0 to Leicester City at Wembley.
The Blues did, however, bank a fee worth £900,000 for finishing as runners-up in the competition.