(SOURCE: uefa.com)

After La Gazzetta dello Sport’s calculation last week, which estimated that Milan would receive €51.357m from the 2012/13 Champions League season, UEFA have released the official numbers.

La Gazzetta were indeed accurate, with UEFA revealing Milan’s earnings to be €51.357m.

€36.257m of that came from the TV market pool – the second most of any of the 32 participants in the competition. The remaining €15.1m was dished out in prize money.

Milan received €8.6m just for reaching the group stages, and €3m for their performances in the six group matches. For 2012/13, UEFA awarded €1m for each group match win and €500,000 for a draw, emphasising the need for clubs to try to win all matches, including dead rubbers. Milan’s final group game was a dead rubber at home to Zenit, which they lost 0-1, costing them at least €500,000 in extra prize money.

The final prize money payment was worth €3.5m, awarded to Milan for reaching the Round of 16 stage.

You can read the full breakdown of the revenue given to all 32 clubs here.