FIFA to pay $1 billion prize money for Club World Cup: source
The Hindu
FIFA's Club World Cup in the United States offers record prize money, sparking concerns over player welfare and calendar congestion.
FIFA will pay total prize money of one billion dollars to participants in the Club World Cup taking place in the United States this year, a source close to negotiations told AFP on Wednesday.
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.
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.
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FIFA's Club World Cup in the United States offers record prize money, sparking concerns over player welfare and calendar congestion.
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