The Japan Times - FIFA to pay $1 billion prize money for Club World Cup

EUR -
AED 4.048396
AFN 71.653352
ALL 90.750248
AMD 397.442801
ANG 1.973656
AOA 1011.960474
ARS 1704.382464
AUD 1.618965
AWG 1.984235
AZN 1.878376
BAM 1.951036
BBD 2.220877
BDT 137.480376
BGN 1.95499
BHD 0.417001
BIF 3319.209083
BMD 1.102353
BND 1.423304
BOB 12.873388
BRL 6.246268
BSD 1.102607
BTN 104.113285
BWP 15.450042
BYN 3.311509
BYR 21606.119128
BZD 2.223106
CAD 1.573113
CDF 2551.947633
CHF 0.923202
CLF 0.028075
CLP 1104.973024
CNY 7.354624
CNH 7.359975
COP 3659.778945
CRC 495.301355
CUC 1.102353
CUP 26.528073
CVE 110.401089
CZK 24.405329
DJF 196.830539
DKK 7.476493
DOP 67.240184
DZD 151.259414
EGP 58.978161
ERN 16.535295
ETB 181.421296
FJD 2.507137
FKP 0.834359
GBP 0.833065
GEL 2.855525
GGP 0.834359
GHS 12.925133
GIP 0.834359
GMD 81.574515
GNF 9793.0268
GTQ 8.429301
GYD 230.683524
HKD 8.648736
HNL 29.723081
HRK 7.531237
HTG 144.950397
HUF 364.882711
IDR 20101.848202
ILS 3.545943
IMP 0.834359
INR 103.891816
IQD 1675.704586
IRR 2109614.310597
ISK 136.615035
JEP 0.834359
JMD 174.650478
JOD 0.781612
JPY 176.084403
KES 143.361434
KGS 96.384792
KHR 4497.600695
KMF 492.752185
KPW 992.118101
KRW 1472.175962
KWD 0.34335
KYD 0.921103
KZT 492.691348
LAK 24881.068091
LBP 98983.270882
LKR 367.641006
LRD 187.910514
LSL 18.686451
LTL 3.254962
LVL 0.666803
LYD 7.125019
MAD 10.95393
MDL 20.078055
MGA 5022.013743
MKD 61.545168
MMK 2315.243938
MNT 3974.71339
MOP 8.933124
MRU 44.703122
MUR 52.494468
MVR 16.980358
MWK 1916.705245
MXN 20.433771
MYR 4.504329
MZN 70.444469
NAD 18.686451
NGN 1481.088858
NIO 40.680111
NOK 10.552253
NPR 166.581456
NZD 1.994668
OMR 0.424511
PAB 1.102607
PEN 3.76101
PGK 5.044014
PHP 70.506912
PKR 305.654336
PLN 4.405592
PYG 6843.288459
QAR 4.01725
RON 5.348511
RSD 117.465677
RUB 91.30685
RWF 1635.304475
SAR 4.217282
SBD 8.926521
SCR 15.295042
SDG 663.069392
SEK 11.106249
SGD 1.419063
SHP 0.830054
SLE 25.409646
SLL 23115.795624
SOS 631.701729
SRD 41.327623
STD 22816.481805
STN 24.500067
SVC 9.672026
SYP 14332.794295
SZL 18.681051
THB 37.34225
TJS 10.196728
TMT 3.858236
TND 3.316433
TOP 2.654202
TRY 55.485621
TTD 7.503021
TWD 36.257938
TZS 2926.90801
UAH 50.255138
UGX 4553.879273
USD 1.102353
UYU 44.690863
UZS 13292.036376
VES 1006.315196
VND 28358.582532
VUV 132.635217
WST 3.098258
XAF 655.957
XAG 0.022553
XAU 0.000284217451
XCD 2.979165
XCG 1.992105
XDR 0.779421
XOF 655.957
XPF 119.331742
YER 260.762006
ZAR 18.713826
ZMK 9922.503926
ZMW 22.599062
ZWL 354.957222
SSP 6553.90889
MXV 2.294737
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

FIFA to pay $1 billion prize money for Club World Cup
FIFA to pay $1 billion prize money for Club World Cup / Photo: FETHI BELAID - AFP/File

FIFA to pay $1 billion prize money for Club World Cup

FIFA on Wednesday announced it will pay total prize money of one billion dollars to participants in the Club World Cup taking place in the United States this year.

Text size:

The figure is significantly more than the prize money offered for either the last men's or women's World Cups.

World football's governing body has given few details about the funding of the first edition of the 32-team tournament that will take place every four years but it has signed up a broadcaster and major sponsors in recent weeks.

In a statement confirming the prize money on offer, FIFA said it expected to generate $2 billion in revenues from the expanded Club World Cup. It also confirmed that a women's edition will take place from 2028.

"The FIFA Club World Cup will not only be the pinnacle of club football, but also a vivid demonstration of solidarity that will benefit clubs at large to a scale that no other competition has ever done," said FIFA president Gianni Infantino.

"All revenue generated by the tournament will be distributed to the participating clubs and via club solidarity across the world as FIFA will not keep a single dollar."

British streaming service DAZN was awarded the exclusive global rights to the June 14-July 13 tournament in December with a source close to the negotiations saying the contract was worth around one billion euros ($1.05 billion).

FIFA has also signed sponsorship contracts with Coca-Cola, Bank of America, Chinese electronics brand Hisense and Belgian brewers AB InBev.

By comparison the total prize money for the 2022 men's World Cup in Qatar was $440 million, while for the 2023 Women's World Cup in New Zealand and Australia it was $110 million.

This season's UEFA Champions League, with a new 36-club format, will pay a total 2.47 billion euros ($2.66 billion) to the clubs involved.

- Widespread criticism over player welfare -

FIFA's expansion of the tournament has been met by widespread criticism, especially in Europe, largely due to concerns over player welfare.

The global footballers' union FIFPro and the European Leagues association filed a complaint with the European Commission in October against FIFA, accused of abusing its dominant position by packing the calendar.

The Champions League was also expanded by UEFA this season and some players, including Ballon d'Or winner Rodri and Liverpool captain Virgil van Dijk, have raised the prospect of a strike.

"I think we are close to that. I think if you ask any player he will say the same," said Rodri when asked in September if there was a possibility of players going on strike, shortly before suffering a season-ending knee injury.

"It is not the opinion of Rodri or whatever. I think it's the general opinion of the players."

The tournament will feature 12 teams from Europe, six from South America and four each from Asia, Africa and North and Central America.

Auckland City and Lionel Messi's Inter Miami complete the line-up.

Not all the reaction has been negative, with Paris Saint-Germain coach Luis Enrique insisting "everyone" would want to play.

"Once every four years there's this new, extremely exciting competition. Everyone wants to go to the Club World Cup," he said last year.

The tournament will be held at 12 venues across 11 cities in the United States, with the final at the MetLife Stadium, which will also host the 2026 World Cup final, in New Jersey.

Y.Watanabe--JT