UEFA have predicted a 33% rise in television money under the new 36-team format set to start from 2024-25, reports the Times.
The Champions League’s current 32-club format ends once the 2023-24 campaign ends.
UEFA currently rake in around €3.6 billion in TV income from the three European competitions every season.
However, they expect between €4.6-4.8bn when four more clubs are added to the elite continental competition.
While 36 clubs instead of 32 will split the money, a bigger payday for most of them is guaranteed, with some set to earn an extra €35m-plus a season.
UEFA are aware that there will be fears that the financial gaps between the big clubs and those not playing in the Champions League will widen.
As a result, they have insisted that the money distributed to the Europa League, Europa Conference League and solidarity payments to clubs not playing European football will continue to rise more sharply.
The new Champions League format will see 189 matches played per season, compared with the existing 125.
It will consist of a single league table, where clubs will earn points from playing eight matches against opponents of different ranks to decide qualification for the knockout stages.
The top eight of the 36 clubs will automatically advance to the round of 16.
Those that finish between ninth and 24th will feature in a play-off for the other eight spots.
While UEFA have promised to listen to the European Club Association and the European Leagues over the new financial distribution model, the current format is expected to remain.
However, the amount paid to the top clubs may be reduced.
A points system based on performances over the previous ten years in European competition was used to split €600m last term.
Real Madrid received €36m as the highest-ranked team, while the lowest-ranked club, FC Sheriff, got €1m.
Under the same system, Manchester City will earn around €32m in coefficient funding next season as the highest-ranked English club in the Champions League.
If Newcastle United qualify as expected, they would earn between only €1m and €3.5m as they have not been in Europe over the previous ten seasons.