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FIFA has revealed that the winner of the inaugural revamped Club World Cup could pocket an eye-watering $125 million in prize money. The announcement came straight from Fédération Internationale de Football Association President Gianni Infantino in a statement released Wednesday.
The tournament, slated for June 14 to July 13, boasts a hefty $1 billion prize pool. FIFA has now laid out how that cash will be split among the 32 teams taking part. Every club is guaranteed a cut of the $525 million earmarked for simply showing up, while the remaining $475 million will be doled out based on performance.
For the team that comes out on top after seven matches, the reward could climb as high as $125 million, factoring in additional 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. 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.
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“The distribution model… represents the biggest prize money ever awarded to a competition comprising a group stage and a knockout phase.
“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 said.
President Gianni Infantino further noted that every dollar generated by the tournament would be channeled back into nurturing club football worldwide.
