Manchester City, already one of the wealthiest clubs in the world, may soon see a further boost to its cash reserves.

The Abu Dhabi-owned club is set to receive a financial reward of about $79 million from the Premier League after becoming the first-ever team in England to capture four consecutive league titles.

The Premier League boasts Europe's largest sports league revenue and the fourth-largest revenue among all sports leagues globally, just behind the United States' NFL, MLB, and NBA.

The league distributes some of this revenue to all its teams as "merit payments" based on their finishing position; hence, City's reward.

The merit rewards are divided into two segments: revenue from the UK and international sources.

Manchester City will receive £33.8 million ($42.96 million) from UK merit and £28.5 million ($36.22 million) from international merit, for a combined total of £62.3 million ($79.18 million).

Other Premier League teams also receive financial windfall

The rest of the league is not far off from receiving a significant portion of the merit payment revenue.

Arsenal, who finished second in the league, will receive $75.1 million, while third-placed Liverpool will get $71.1 million.

Meanwhile, Manchester United, who had a dismal season with their worst Premier League finish in eighth place, will only take home $51.4 million.