Liverpool and Newcastle will go head-to-head in the Carabao Cup final on Sunday as the two sides eye up the first major trophy of the season. Arne Slot's team go into the match as huge favourites after enjoying a fine season under the Dutchman.

Liverpool overcame a 1-0 first-leg deficit against Tottenham in the semi-finals to reach the showpiece match as the Reds last month. Newcastle, meanwhile, 2-0 home and away in their last-four showdown. And Express Sport takes a look at the prize money on offer at Wembley.

When is the Carabao Cup final?

This season's Carabao Cup final will be played on Sunday, March 16. The match will get underway at 4.30pm GMT.

How much money will the 2024/25 Carabao Cup champions win?

The winners of Sunday's match will be handed a prize of £100,000. That is the same amount as Liverpool won last season when they got the better of Chelsea in the final.

How much money will the 2024/25 Carabao Cup runners-up win?

The losing team on Sunday will receive £50,000 for their endeavours on the pitch, with the prize money for the runners-up also remaining the same as last season.

How does the Carabao Cup prize pot compare to the FA Cup?

The prize money on offer for the Carabao Cup victors is a fraction of the funds handed out to the FA Cup champions, who receive a whopping £2million.

Do the Carabao Cup winners qualify for Europe?

The winners of the Carabao Cup will be awarded a place in the UEFA Conference League if they haven't already qualified for Europe.

While that prize wouldn't be relevant to , who are 15 points clear at the top of the Premier League table and have therefore virtually guaranteed themselves a place in the Champions League already, it could come in handy to as the Magpies are currently ninth in the top-flight table.

Liverpool's route to the final

Third round | Liverpool 5-1 West Ham

Fourth round | Brighton 2-3 Liverpool

Quarter-finals | Southampton 1-2 Liverpool

Semi-finals first leg | Tottenham 1-0 Liverpool

Semi-finals second leg | Liverpool 4-0 Tottenham

Newcastle's route to the final

Second round | Nottingham Forest 1-1 Newcastle (Newcastle win on pens)

Third round | Newcastle 1-0 AFC Wimbledon

Fourth round | Newcastle 2-0 Chelsea

Quarter-finals | Newcastle 3-1 Brentford

Semi-finals first leg | Arsenal 0-2 Newcastle

Semi-finals second leg | Newcastle 2-0 Arsenal