Arsenal are into the quarter-finals of the Champions League, with one eye firmly on making it as far into the competition as possible.
The Gunners secured a top-eight finish in the competition’s new league phase, securing them passage into the round of 16 – avoiding two extra matches in the process.
In the final 16 of the competition, Arsenal took on PSV Eindhoven, recording a 7-1 win at the Phillips Stadion before a 2-2 draw at the Emirates Stadium.
Arsenal now take on Real Madrid in the quarter-finals of the Champions League, with a clash of epic proportions on the table.
While silverware is the main goal, the Gunners will also have a financial incentive to make it as deep into the competition as possible.
Even after beating PSV over two legs, the North London side has already received a handy cash injection from the Champions League.

Arsenal’s Champions League prize money explained
With Arsenal’s win in the Champions League round of 16 now confirmed over the two legs, they have a quarter-final to prepare for.
The fortunate part of their success so far has been the amount of money they will receive from the competition.
While the broadcast, matchday and sponsorship revenue will all increase with a deeper run in the Champions League, so too does reaching each stage.
The payments are broken down into stages, with individual wins and draws paid out as prize money in the league phase, along with the overall finish.
After that point, each knockout round brings more money to accumulate, depending on how far a team manages to reach.
| Result | Prize money |
| League-phase draw | £590,000 |
| League-phase win | £1.8m |
| Stage | Prize money |
| League phase qualification | £15.7m |
| Top-eight league-phase | £1.7m |
| Ninth to 16th league-phase | £900,000 |
| Round of 16 | £9.3m |
| Quarter-final | £10.6m |
| Semi-final | £12.7m |
| Runner-up | £15.6m |
| Winner | £21.1m |
So far, Arsenal have accumulated just under £30million in prize money, with a place in the quarter-final landing them another £10.6million.
It’s an instant cash injection for the side, which could get even better if they manage to book a place in the semi-final or final.

What else helps boost Champions League money?
On top of prize money, there are plenty of other lucrative ways in which clubs make money in the Champions League.
A huge broadcast deal gets split across those participating, which can create a snowball effect in terms of an advantage over rival clubs and the money earned.
There’s also the “UEFA value pillar” which is extra money based on a club’s co-efficient and the domestic league’s TV broadcasting deal.
Co-efficient can be based on previous years in the competition, meaning another deep run would help Arsenal solidify themselves towards the top.
Then there’s the general sponsorship and matchday income that follows from having extra games on display.
It remains to be seen just how much Arsenal will receive from the competition, but each victory is helping boost their revenue.
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