By Wayne Veysey

Liverpool will pocket a jawdropping £242.4milllion windfall from their Premier League and Champions League exploits this season, Football Insider can reveal.

The Merseysiders have already secured £149.5million of TV money from their second-placed finish in the world’s most lucrative domestic league and this will be topped up by a minimum £92.9million for reaching the Champions League final.

The club’s most successful campaign in years means they have hit the financial jackpot both at home and on the global stage.

Figures compiled from official Premier League distribution data show Liverpool have earned £79.4million as a base TV fee, £33.5 million for having 29 of their Premier League games screened and a further £36.7million for securing second place.

The American-owned giants are also benefiting from increased Champions League revenues this season.

Uefa Champions League distribution data for the 2018-19 season shows Liverpool will pocket prize money of £61.6m for reaching the final, which will be topped up by the club’s share of the TV pool and the club’s Uefa coefficient ranking, a new distribution method introduced this season.

Jurgen Klopp’s side have a coefficient ranking of 12th among the teams in this season’s Champions League, securing them £20m of revenues from the overall pot that Uefa hands to the clubs, and they will also land £11.3m from their share of the TV pool, which is partly based on their position in last season’s Premier League.

The combination of increased Champions League prize money and the new three-year BT Sport deal that came into effect this season, has bumped up the figures compared to last season, creating a combined windfall so far of £92.9m.

This already completely dwarfs the £67.6m the club earned for reaching the final of last season’s Champions League, when they were beaten by Real Madrid.

The double bonanza puts Liverpool well on course to once against post record revenue figures for the current campaign.

In other Liverpool news, Whelan has claimed “I couldn’t believe my eyes” as he backs Liverpool youngster to set the Premier League alight next season.