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The winner will also secure a spot in the Conference League if they haven't already qualified for European football by other means.

Results in this season's European competition mean the Premier League could be awarded a bonus European spot next term.

However, the EFL has confirmed that extra spots will be awarded according to league finishes rather than cup performance, meaning there's no chance of a Europa League upgrade for the Carabao Cup winners.

For Liverpool, eight points clear at the top of the Premier League, that European spot looks to be moot?

It could benefit Newcastle, though, with Howe's side narrowly pipped to a Conference League spot last term after finishing seventh - the spot they occupy at the time of writing.

Who will win the 2024-25 Carabao Cup(

The Carabao Cup prize money is significantly less than the £2million awarded to the club that wins the FA Cup.

Premier League prize money is even higher than that, with all 20 clubs understood to have netted more than £100m in the 2023-24 season.

Newcastle fell flat against Manchester United in the 2023 final, with goals from Casemiro and Marcus Rashford giving the Red Devils victory.

Sky Sports launches discounted Premier League package
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