By Deborah Nnamdi
FIFA announced on Wednesday that the winner of this year’s expanded Club World Cup in the United States will earn up to $125 million in prize money.
While the total prize pool of $1 billion for the tournament, taking place from June 14 to July 13, has already been revealed, FIFA has now provided a breakdown of the distribution for the 32 participating teams.
Each team will receive a share of the $525 million participation fund, with an additional $475 million allocated based on their performance in the competition.
With additional bonuses, the team that emerges victorious from the seven matches played could receive up to $125 million.
Europe will receive the lion’s share of the prize money, with each of their clubs receiving between $12.81 and $38.19 million, the exact amounts to be determined according to sporting and commercial criteria.
South American teams will each receive $15.21 million in participation bonuses, while those from North and Central America, the Caribbean, Asia, and Africa will receive $9.55 million.
Auckland City, the Oceania representative, will take home $3.58 million for taking part.
“The distribution model… represents the biggest prize money ever awarded to a competition comprising a group stage and a knockout phase,” said FIFA President Gianni Infantino in a press release.
“In addition to the prize money earmarked for the participating clubs, an unprecedented solidarity program will be put in place to redistribute an additional $250 million to football around the world.”
Infantino said all proceeds from the event will be redistributed to club football.
