HomerSimpson: Birmingham's in financial trouble? Surprising. I know that the drop to the Championship reduces revenues. But I thought there was a parachute payment for teams that went down. I figured between that and the money they'll get from the Europa League, they should at least be in decent shape.
There really isn't very much money in the Europa League. A while ago I hunted down these numbers for a different thread in a different forum, so they're a bit old, but...
As you can see, just getting to the group stages of Champions League is worth more than winning the Europa League.
Bonuses Champions League 2008/2009 – 2009/2010
Group Stage (fixed): €5.4m – €7.1m
Group Stage Victory: €600k – €800k
Group Stage Draw: €300k – €400k
Round of 16: €2.2m – €3m
Quarterfinal: €2.5m – €3.3m
Semifinal: €3m – €4m
Losing Finalist: €4m – €5.2m
Winner: €7m – €9m
Theoretical Maximum: €23.7m – €31.2m
Bonuses UEFA Cup/Europa League 2008/2009 – 2009/2010
Group Stage (fixed): €115k – €900k
Group Stage Victory: €40k – €120k
Group Stage Draw: €20k – €60k
Round of 32: €70k – €180k
Round of 16: €70k – €270k
Quarterfinal: €300k – €360k
Semifinal: €600k – €630k
Losing Finalist: €1.5m – €2m
Winner: €2.5m – €3m
Theoretical Maximum: €3.815m (CL 6.2x more) – €6.06m (CL 5.1x more)