The Premier League season has officially concluded, and all 20 clubs are set to receive their annual prize money payout. Last season, the league distributed a total of £2.84billion among its member clubs, with each team then receiving six payments from the 'central revenue system'.

According to the Premier League, this very system "ensures the most equitable distribution of funds of any major European league", with every club guaranteed to receive over £100m. As the newly crowned champions, Liverpool will take home the largest share.

In the previous season, Manchester City - thne title winners - received a total of £175.9m, while runners-up earned £175.5m. The payments are comprised of fixed and variable components, with all 20 clubs receiving an equal share of domestic and international broadcast rights, which totalled £86.9m last season.

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Additionally, each club received £8.2m from the league's central commercial revenue streams. The 20 clubs also receive merit payments based on their final league position and facility fees based on the number of times their matches were televised during the season.

City picked up a total of £56.4m for winning the league title last season, while Arsenal - as the most televised club - earned an additional £26.9m. In contrast, Sheffield United, who finished at the bottom of the table, received a basic merit payment of £2.8m, with the champions receiving 20 times the basic payment, and the runners-up receiving 19 times, and so on, as per reports from .

The figures for this season will all likely be similar, but the exact total won't be known until the league publishes its annual report detailing each club's earnings.

The Premier League is still the wealthiest football league globally, with Deloitte's most recent annual review of football finance showing that the 20 clubs generated over £6bn in revenue for the first time during the 2022/23 season.

Here's a breakdown of what each Premier League club should earn based on their finishing position;

1st (Liverpool) - £56.4m.

2nd (Arsenal) - £53.5m.

3rd (Manchester City) - £50.7m.

4th (Chelsea) - £47.9m.

5th (Newcastle) - £45.1m.

6th (Aston Villa) -£42.2m.

7th (Nottingham Forest) - £39.4m.

8th (Brighton) - £36.7m.

9th (Bournemouth) - £33.8m.

10th (Brentford) - £31m.

11th (Fulham) - £28.2m.

12th (Crystal Palace) - £25.4m.

13th (Everton) - £22.5m.

14th (West Ham) - £19.7m.

15th (Manchester United) - £16.9m.

16th (Wolves) - £14m.

17th (Tottenham Hotspur) - £11.3m.

18th (Leicester) - £8.5m.

19th (Ipswich) - £5.7m.

20th (Southampton) - £2.8m.