London and Manchester have missed out on a total of £4,033,800 in hospitality and transport revenue as a result of Chelsea, Arsenal and Man City not making it to the final 16 in the UEFA Champions League, according to research by Onefootball and travel search engine, GoEuro.
The two companies have partnered to better understand the effect the UEFA Champions League has on the transportation and tourism industry across Europe.
The findings clearly show the reach the sport has across the continent, with the combined income for host cities created by visiting fans reaching £169,768,300.
Potential income for a city will rise to £2,016,300 for passing the group stage and up to £4,032,600 for the semi-finals. British clubs Chelsea, Arsenal and Man City could all have made an extra £1,344,200 each for their home city if they had passed the final 16.
For hosting the final on 6 June, Berlin is expected to earn £25,938,900 in accommodation, transportation, food and beverage sales and merchandise retail.