The European Football Association (UEFA) said that under a new distribution system, all clubs that failed to qualify for continental competitions will receive a greater share of the revenues, starting next season. With billions in prize money to distribute from the revamped Champions League next year, UEFA plans to pay more based on merit and share more among teams across Europe that don't qualify. Clubs that fail to qualify for UEFA's competitions are set to receive a greater share of revenue from the European governing body from next season under a new distribution model announced on Wednesday. UEFA and the European Club Association (ECA) signed a renewed working agreement until 2030 which will "bolster long-term stability and sustainable growth in European club football", the governing body said in a statement. The change will be effective from the start of the 2024-25 season, coinciding with a new format in UEFA's Champions League, Europa League and Europa Conference League. Under the new model for the 2024-2027 cycle, 7% of the revenue UEFA earns from the three competitions will be distributed to clubs not competing in them, up from 4%. The European Leagues Association, which represents professional soccer leagues in Europe, said the change will result in 308 million euros ($330.02 million) being shared among non-participating clubs, up from the current 175 million euros. The European Club Association explained that the change would result in the distribution of 308 million euros ($330.02 million) to clubs not participating in continental competitions, instead of 175 million euros. The association added: “This announcement will help clubs around Europe maintain their ability to compete on and off the field and continue investing in youth and developing talent.” UEFA said it would reveal more details of the new system at a later time.