Liverpool bowed out of the UEFA Champions League this week, losing on penalties to Paris Saint-Germain on penalties after the scores were shared on aggregate, 1-1, over the two legs.

A last-sixteen exit was not on the cards for Arne Slot’s side, having breezed through the inaugral league phase, winning seven of their eight games.

The Reds’ reward for placing first was French champions PSG, whilst fellow English clubs were given much easier ties on paper.

Arsenal hammered PSV Eindhoven 9-3 on aggregate, and Aston Villa eased past Club Brugge 6-1 to book their spots in the Quarter-Finals.

Carabao Cup final prize money: How much Liverpool or Newcastle will get if they win	Carabao Cup prize money in full as Arne Slot's Liverpool aim to retain trophy vs Newcastle	Slot cites PSG’s winter break as a factor in Liverpool’s CL elimination

Following Liverpool’s elimination from Europe, we will be discussing how the club has lost out on a significant amount of prize money after failing to progress further in the competition.

LIVERPOOL’S LEAGUE PHASE EARNINGSDavid Rawcliffe/Propaganda.

With the request from UEFA to expand the elite-club competition being approved, it meant a completely new format to the Champions League was introduced from this season.

The group stages have been replaced and re-designed into one huge 36-team league phase, where the eight-best teams would gain automatic qualification for the knockout stages, earning a seeded draw.

For Liverpool, they made the first ever league phase look easy, having come out on very top, with seven wins from eight, only tasting defeat against PSV Eindhoven with last-16 qualification already secured.

The financial reward for every league phase victory was around £1.7million, accumulating to a total amount of almost £12million altogether.

As Liverpool finished in first, they acquired the highest pot of prize money with £82.7million.

This includes £15.5million for participation as well as a further £9.2million for reaching the knockout stages.

The club also generated an extra £26.5million due to a five-year UEFA co-efficient ranking, whilst their ten-year co-efficient gained another £8.7million.

£12.3million was the total sum for the amount of points the Reds achieved during this stage and an additional £10.4million for winning the entire league phase.

Liverpool secured top spot of the first ever League Phase.

UEFA.comHUGE CASH INJECTION MISSED

As expected for the knockout stages, the prize pools become a lot bigger due to more at stake.

Liverpool pocketed an extra £9.3million for reaching the last-16, while defeat to Paris Saint-Germain set them back an awful amount.

In an alternate universe, the Reds would earn £10.6million for making the Quarter-Final, £12.7million in the Semi-Final and a staggering £21.1million for the final and winning the whole competition.

Whichever team is to finish as runners-up, then they would still receive a hefty amount of £15.6million.

This means that following an abrupt end to their knockout campaign of the UEFA Champions League, Liverpool missed out on a further sum of close to £50million, dependant on if they’d have won the final or not.

HOW WILL THIS AFFECT PLANS FOR SUMMER TRANSFERS?Mohamed Salah and Trent Alexander-Arnold are set to leave Liverpool this summer, as well as Virgil van Dijk with all experiencing no breakthrough.

Liverpool FC/Getty Images.

Liverpool really could have benefitted from a longer run on the European stage this season.

Mohamed Salah, Trent Alexander-Arnold and Virgil van Dijk’s futures at Anfield remain undecided, with the latter declaring he still does not know where he’ll be playing his football next season, as we head into the final three months of this campaign.

A huge worry to say the least and it’s not just the contract situations that are complicated.

Arne Slot alongside his recruitment team and Fenway Sports Group, are preparing for what has been labelled as a big summer transfer window for the club.

A list of players could be set to leave Liverpool, whilst money would also be needed to sign their replacements.

Caoimhin Kelleher, Darwin Núñez and Luis Díaz are three players that look as if their Anfield days are slowly coming to an end, and more could follow suit.

Liverpool have already been mentioned in conversations for potential recruits, with Newcastle’s Alexander Isak and Bournemouth’s Milos Kerkez sounded out as the two strongest links so far.

A hefty chunk of cash would be required to make these signings and be able to attack the market in the best way possible.

An extra £50million in prize money from the UEFA Champions League would have went a long way for Liverpool ahead of a crunch time for Arne Slot and co.

The Premier League and Carabao Cup still remain in their sights and with a trophy double a distinct possibility, a significant cash chunk can still be claimed.

But, with the Champions League undoubtedly the greatest club competition, it looks like a big opportunity not taken on what would have been a sizeable injection of income for the club.

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