For Newcastle United this season, the Magpies' performance in the league phase of the Champions League is expected to earn the club £47 million in revenue. Why Newcastle are owed significantly less Champions League revenueLewis Miley celebrates his header during a 2-2 draw with Bayer Leverkusen in the league phase (Image credit: Getty Images)However, Newcastle's £47m league phase earnings are dwarfed by their fellow English participants. Manchester City and Liverpool are estimated to have pulled £84m, while Arsenal (£83m), Chelsea (£80m) and Tottenham Hotspur (£73m) are also in the top bracket of earners. Meanwhile, Newcastle are also owed just shy of £7m for their final position in the league phase standings, bringing their total to £31.5m. This season, Newcastle sat 81st in the UEFA club coefficient rankings, whereas Manchester City (3rd), Liverpool (5th), Arsenal (8th), Chelsea (9th) and Spurs (15th) all benefit financially from strong historic performance.