English clubs could earn up to £50 million prize money if they can win the Champions League this season, UEFA have revealed.
The money awarded to clubs has remained the same, so even clubs who fail to reach the knock-out phase can pocket £22.5 million.
Each of the 32 competing sides receive €3.9 million and 550,000 for each match played in the group stage. For every win, a side earns €800,000 and for a draw, €400,000.
For qualifying from the group, a team can expect a further €3 million, for the quarter finals €3.3 million, while the four semi-finalists will win #4.2 million.
The winners can expect another €9 million, and the runners up €5.6 million.
Arsenal and Chelsea begin their campaigns tonight against German opposition, while Manchester City and Manchester United start their respective group matches on Wednesday.
United earned £46 million in getting to the final last year, but will be looking to go one step further this year after an impressive start to their league season.
City's first season in the Champions League gives them the opportunity to compete with some of Europe's biggest sides, and with the big money on offer, recoup some of the money paid out this summer on the likes of Sergio Aguero and Samir Nasri.
Both United and City have started the Premier League season in sensational form, raising hopes both sides can go all the way to Munich this season.
Arsenal and Chelsea's modest start to the season mean expectations of their progress in the competition are low, however the pressure on both sides to succeed mean such a start could work in the favour of the London duo.
Roman Abramovich has been craving Champions League success since buying Chelsea in 2003, while Arsenal will be looking to reach the final for the first time since 2006.