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The Standard Group Plc is a multi-media organization with investments in media
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Champions League and Europa League prize money will be cut over the next five seasons as Europe’s soccer governing body UEFA grapples with the financial impact of the COVID-19 pandemic, The Times has reported.
UEFA has informed its member associations that they lost 514 million pounds ($666.40 million) following the reduction in both television and sponsorship income after delays in the knockout stages last season, the report said.
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