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 have scooped up the biggest prize payout in the 2015-16 campaign.According to theIndependent's Simon Rice, Arsenal topped the cash charts and will rake in a massive 101 million payday, while the Foxes will settle for 93 millionjust the fifth-highest earners in the division.That means Manchester City, Manchester Uniteddepending on Tuesday's season-ending tie against Bournemouth on Tuesdayand Tottenham Hotspur will earn more than the Premier League champions.Each team earns a base 55 million payout from the television deal, with bonuses then determined based on finishing place and how many times each side has appeared on BT Sport and Sky Sports. The 2015-16 prize money breakdown is as follows:Rice explained that eachleague position is worth 1,236,083, while it pays 750,000 to appear on a live broadcast, plus additional revenue coming from appearances on BBC'sMatch of the Day.Arsenal made a last-gasp run at second spot after defeating Aston Villa 4-0, 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.Leicester have established that money no longer reigns above all in football, and Squawka's Greg Johnson has attested to as much by comparing them with their "bigger" 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 are sure to 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, while Spurs raked in 95 million following their end-of-season collapse.All clubs will look to use their new funds as efficiently as possible this summer in a bid to boost revenue even further next season, with Arsenal likely hoping to match their top revenue with a championship crown.
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