UEFA Champions League: Arsenal, City lose millions in prize money
Arsenal and Manchester City’s exits from the UEFA Champions League this week has seen both clubs lose up to €32.5m (£28m) each in prize money. The Gunners lost 0-1 at Bayern Munich, after drawing 2-2 at the Emirates. Real Madrid needed a penalty shoot-out to eliminate City from the competition. This means both Arsenal and City have lost additional revenue …