Arsenal set for £62m Champions League boost to cushion Bayern Munich exit

Arsenal may still be licking their wounds from Wednesday's Champions League quarter-final exit at the hands of Bayern Munich - but the Gunners are set for a lucrative cash windfall after an impressive return to Europe's premier competition.

The Gunners had not featured in the Champions League since the 2016/17 season, competing in the Europa League for numerous campaigns before a second-place finish in the Premier League last year ensured that the Emirates Stadium would play host to club football's most prestigious competition once more.

After longing for a return to the glitz and glamour of European football, Mikel Arteta's side made an emphatic return as they secured top spot in Group B ahead of PSV Eindhoven, RC Lens and Sevilla. In producing four wins and one draw from their six group stage fixtures, Arsenal earned £10.36m (€12.13m) in bonuses, plus the £13.44m (€15.64m) prize money for participating in the group stage.

After advancing to the round-of-16 stage, the Gunners were rewarded with a further £8.25m (€9.6m). That was before a two-legged victory over FC Porto ensured of their place in the quarter-finals and added a further £9.11m (€10.6m) in bonus money.

Even though Arsenal's campaign was ended at the hands of long-time nemesis Bayern Munich, the club is set to continue to receive further prize money from UEFA.

That is because like all 32 teams who qualified for the group stage the Gunners are entitled to a share of £516.46m (€600.6m) prize pot that is distributed based on each team's coefficient from UEFA competitions over the last 10 years.

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The funds will be divided into 'coefficient shares', with each stake worth £977.77 (€1.13m). The lowest-ranked team in this season's competition will receive one share, with one share added to every rank.

After this week's quarter-final ties, Arsenal sit tenth in the rankings behind Real Madrid Bayern Munich, Barcelona, Atletico Madrid, Paris Saint-Germain, Manchester City, Sevilla, Borussia Dortmund and FC Porto. And, should the Gunners' position remain as is, they would be set to take home a further £21.51m (€24.86m) for their run to the last eight of the competition.

That's not all for Arteta's side though, with the last batch of Champions League finances heading to the Emirates coming from a share of £258.3m (€300.3m) accumulated from broadcasting revenue and set to be allocated based on how often each club's matches were shown on TV.

In total, it means Arsenal's run to the quarter-finals will generate at least £62.6m.