Just having Giorgi Chakvetadze and Ryan Porteous representing their nations at the Euro 2024 finals will earn Watford more than £250,000.

While that may be a drop in the ocean in the club's budget, it’s money that will clearly help given the Hornets no longer have the luxury of parachute payments from the Premier League.

It happens because UEFA has a scheme called the Club Benefits Programme, which manages a pot of almost £120m that is then paid out to clubs with players at the finals in Germany.

It doesn’t matter if a player makes an appearance or not, their club stills receive a share of that money.

This isn’t something new, with the strategy running in other major tournaments, too, while FIFA had something similar for the 2022 World Cup.

UEFA revealed there would be a €10m increase from the amount shared at EURO 2020 which was played in 2021 because of the COVID-19 pandemic, and that means the overall pot is €140m, or roughly £118m.

Players who feature in the group stages of the Euros will earn their clubs around £140,000 each.

So, as a result, having Chakvetadze and Porteous representing Georgia and Scotland respectively means Watford will receive circa £280,000.

Should either of those two nations progress beyond the group stages, then the Hornets would earn extra money.

It’s the same story for other clubs – for example, Norwich City will earn at least £420,000 because of Angus Gunn, Grant Hanley and Kenny McLean all being in Germany with the Scots.

However, the 5-1 defeat at the hands of hosts Germany on Friday night means the chances of Scotland progressing are now greatly reduced.

Georgia, in their first major finals ever, play their first Group F game against Turkey at 5pm UK time tomorrow (Tuesday), and then they face Czech Republic (June 22) and Portugal (June 26).

Watford fans can see how Chakvetadze and his teammates fare when coverage starts on BBC1 at 4.30pm.