FIFA Announces Record Prize Money for 2023 Club World Cup in the U.S.
FIFA has unveiled that the champion of this year’s expanded Club World Cup, set to take place in the United States from June 14 to July 13, will be eligible to receive up to $125 million in prize money, a significant announcement made on Wednesday.
Previously, FIFA had disclosed a total prize pool of $1 billion for the tournament. However, the organization has now provided a detailed breakdown of the financial distribution for the 32 participating teams. Each team will receive a share of the $525 million allocated for participation, while an additional $475 million will be awarded based on their performance during the competition.
The victorious team, after competing through seven matches, stands to gain as much as $125 million when factoring in potential bonuses. European clubs are set to benefit the most from the prize fund, with participating teams expected to receive between $12.81 million and $38.19 million each, depending on various sporting and commercial criteria.
In South America, teams will obtain a participation bonus of $15.21 million, while clubs from North and Central America, the Caribbean, Asia, and Africa will receive $9.55 million. Auckland City, representing Oceania, is guaranteed $3.58 million for its involvement in the tournament.
FIFA President Gianni Infantino described the distribution model as “the largest prize money ever designated for a competition that includes both a group stage and knockout rounds.” He further emphasized the importance of an unprecedented solidarity initiative that aims to redistribute an additional $250 million to support football globally.
Infantino affirmed that all proceeds generated from the Club World Cup would be reinvested back into club football, reinforcing FIFA’s commitment to support the sport on a worldwide scale.
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