The UEFA Champions League is a prestigious annual football tournament in Europe, which is considered legendary due to its high level of competition, rich history, and commercial success. It is the world's biggest annual sporting event, with a remarkable average viewing figure of 167 million for its final. The tournament attracts major sponsors and broadcasters who are willing to pay large sums of money to be associated with it, leading to significant revenue growth over the years.

The Champions League was introduced in 1993 by UEFA to avert the threat of a breakaway movement by the continent's elite football clubs. The tournament features a group stage, allowing multiple competitors from the same nation and increasing the number of high-level matches, which has contributed to its financial success and increased interest worldwide.

The competition offers substantial financial rewards to participating clubs, with last year's winners, Chelsea, earning around €60 million in total prize money from UEFA for their achievements. The revenue generated from the Champions League can significantly impact a club's financial fortunes, making it a critical factor in the landscape of European football.

The tournament has also influenced the dynamics of European football, with teams from Europe's Big Five countries earning substantially more than their counterparts from smaller nations. This imbalance has led to the formation of the European Super League, a proposed competition that would further exacerbate the existing disparities in revenue distribution.

The Champions League has also influenced the dynamics of European football, with teams from Europe's Big Five countries earning substantially more than their counterparts from smaller nations. This imbalance has led to the formation of the European Super League, a proposed competition that would further exacerbate the existing disparities in revenue distribution.