Premier League 2015-16 Prize Money: Club-by-Club Breakdown After Week 38 Results

Leicester City may have won over the football masses en route to this season's fairytale Premier League title win, but it's runners-up Arsenal who scooped up the biggest prize payout in the 2015-16 campaign.

According to the Independent's Simon Rice, Arsenal topped the cash charts and will rake in a massive £101 million payday, while the Foxes will settle for £93 million—just the fifth-highest earners in the division.

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That means Manchester City (£96.8 million), Tottenham Hotspur (£95 million) and even Manchester United—the amount they receive is dependent on the result of their season-ending fixture against Bournemouth—earned more than the Premier League champions.

Each team earns a base £55 million payout from the television deal, with bonuses determined on finishing place and how many times each side appeared on BT Sport and Sky Sports. The 2015-16 prize money breakdown is as follows:

Position	Club	Prize Money (Millions)
1	Arsenal	£101m
2	Manchester City	£96.8m
3	Manchester United*	£96.3m
4	Tottenham Hotspur	£95m
5	Leicester City	£93m
6	Liverpool	£90.4m
7	Chelsea	£87.1m
8	West Ham United	£85.6m
9	Southampton	£84.5m
10	Everton	£82.9m
11	Stoke City	£79m
12	Swansea City	£75.3m
13	Watford	£74.1m
14	West Bromwich Albion	£73m
15	Newcastle United	£72.7m
16	Crystal Palace	£72.4m
17	Sunderland	£71.7m
18	Bournemouth (if they remain 16th with loss to Manchester United)	£70.4m
19	Norwich City	£66.7m
20	Aston Villa	£66.2m

Rice explained that each league position is worth £1,236,083, while it pays £750,000 to appear on a live broadcast, additional revenue coming from appearances on BBC's Match of the Day.

Arsenal made a last-gasp run into second spot by defeating Aston Villa 4-0 on Sunday, leapfrogging rivals Tottenham Hotspur, who were defeated 5-1 by Newcastle United. To some, there may not be much difference between second and third, but football politics writer Alex Fynn highlighted the factors in play:

To see where the cash divide between Arsenal and Leicester rests, it's reported the Gunners appeared on television live 27 times this season, enough to add a massive £21.8 million to their prize fund.

On the other hand, the Foxes appeared on television 15 times this season, earning £12.8 million, and therein lies the £9 million gap that separates the two outfits in money made this term.

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Leicester have established that money no longer reigns above all in football, and Squawka's Greg Johnson attested to as much by comparing them with their more illustrious Premier League peers:

After a whirlwind campaign that saw manager Claudio Ranieri's side clinch the title and soar into next season's UEFA Champions League, one can bet the clamour to see the Foxes appear on television will be more intense.

That should mean Leicester will see their television revenue figures increase in 2016-17, as might the likes of Stoke City (11th in earnings) and Bournemouth (18th), each of whom finished higher in the table than their earnings rank suggests.

Chelsea made a steep fall to seventh in the prize-money standings, taking in just £87.1 million after ending the campaign in 10th.

Clubs will likely look to use their new funds as efficiently as possible this summer in a bid to boost revenue even further, with Arsenal likely hoping to match their income with a championship crown.