Below is a summary of the full article. Click here for the full version or go back to LFC Live.net

While a trophy is the primary incentive for Liverpool and Newcastle as they gear up for the Carabao Cup final in March, there's also a decent cash prize for the victors.

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

Results in this season's European competition could result in the Premier League being granted an additional European spot next term.

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

Liverpool, sitting comfortably eight points clear at the top of the Premier League, may not be too concerned about securing a European spot.

However, this could be a boon for Newcastle, with Eddie Howe's team narrowly missing out on a Conference League place last season after finishing seventh – the same position they hold as of now.

.

The Carabao Cup's prize money pales in comparison to the £2 million ($2.5M) awarded for an FA Cup win, and it's even less than the Premier League prize money, which saw all 20 clubs rake in over £100M ($126M) in the 2023-24 season.

Newcastle's previous Carabao Cup final against Manchester United ended in disappointment, with Casemiro and Marcus Rashford scoring to secure victory for the Red Devils
For more news relating to Newcastle United, visit our sister site NUFC Latest Live.