How a Newcastle United point vs PSG will boost club financially - Champions League prize money explained

Tyneside remains captivated in a Champions League fervour ahead of Newcastle United facing French giants PSG at St James' Park on Wednesday night.

It's the first time the top tier of European football has come to the North East since 2003 and a spectacular drone display on Monday night upped the ante even more.

Magpies supporters will of course be hoping for another giant-killing after last week's win over Manchester City but will know that Kylian Mbappe and co. will not be easily overcome.

Few fans will be thinking as far ahead as getting out of the Champions League 'group of death' and only the biggest dreamers will be casting their minds through the knockout stages with far too much excitement still to come between now and the last Group Stage game in December.

Every match Eddie Howe's men play between now and then has the chance to add money to the transfer kitty. Here's how the Champions League winnings are spread out.

The total winnings are distributed into three channels. 55% of the funds go into a performance-based award system. The Champions League winner sees the biggest share of that with a €20m cheque.

The competition's runner-up is awarded €15.5 million with semi-finalists getting €12.5 million and quarter-finalists €10.6 million. By making it into the Round of 16, clubs are awarded €9.6 million.

Newcastle United don't even need to make it out of the group to take home financial awards. Every group stage win is awarded €2.8 million with a draw, such as that against Milan, bringing €930,000 to the club.

Of the remaining kitty, 30% is awarded to clubs according to the complicated coefficient algorithm - more on that here. Newcastle United won't see too much of this having been absent from Europe for so long but Manchester City, the highest-ranked side, will take €36.38 million.

The final 15% is then down to the broadcast market payout, which totals at €300 million. Each national federation for each country in the Champions League gets a share of this depending on TV market value and 50% is distributed among participating clubs. The other 50% is paid out in proportion to the number of matches played by each club in the tournament that season.