FIFA announces $125m prize for Club World Cup winner
FIFA announces $125m prize for Club World Cup winner
FIFA announces $125m prize for Club World Cup winner
Fédération Internationale de Football Association’s (FIFA) has announced$125m prize for the team that wins this year’s expanded Club World Cup in the United States.
The President, Gianni Infantino, announced this in a statement on Wednesday.
The total prize money for the tournament, which will take place from June 14 to July 13, is $1 billion.
FIFA has given the estimates of how the money will be divided among the 32 participating teams.
Each team will receive a share of the $525 million set aside for participation.
Another $475 million will be given out based on how well teams perform in the competition.
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The winning team, after playing seven matches, could take home a maximum of $125 million, including extra bonuses.
European clubs will receive the largest share of the prize money.
Each club will get between $12.81 million and $38.19 million, depending on sporting and commercial factors.
South American teams will each get $15.21 million for participating.
Also, teams from North and Central America, the Caribbean, Asia, and Africa will receive $9.55 million each.
Auckland City, the only team from Oceania, will be awarded $3.58 million for taking part in the tournament.
“The distribution model… represents the biggest prize money ever awarded to a competition comprising a group stage and a knockout phase, Infantino said.
“In addition to the prize money earmarked for the participating clubs, an unprecedented solidarity programme will be put in place with the aim of redistributing an additional $250 million to football around the world.”
Infantino also stated that all revenues from the tournament would be used to support club football.
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FIFA announces $125m prize for Club World Cup winner
