Club World Cup winners to claim up to US$125 million of US$1 billion pool: Fifa
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US President Donald Trump and Fifa president Gianni Infantino checking out the Fifa Club World Cup trophy in the Oval Office of the White House, on March 7.
PHOTO: REUTERS
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ZURICH – The 32 teams competing in the Club World Cup this summer will be vying for as much as a US$125 million (S$168 million) first-place check from a US$1 billion prize pool.
World football’s governing body Fifa on March 26 announced the financial incentives of the tournament scheduled to be played in June and July at venues around the United States.
Fifa president Gianni Infantino said in a statement: “The distribution model of the Fifa Club World Cup reflects the pinnacle of club football, and represents the biggest-ever prize money for a football tournament comprising a seven-match group stage and play-off format with a potential payout of US$125 million foreseen for the winners.
“In addition to the prize money for the participating teams, there is an unprecedented solidarity investment programme where we have a target of an additional US$250 million being provided to club football across the world.
“This solidarity will undoubtedly provide a significant boost in our ongoing efforts in making football truly global.
“Not only that, but Fifa will neither retain any funding for this tournament, as all revenues will be distributed to club football, nor will it touch Fifa’s reserves, which are set aside for global football development through the 211 Fifa member associations.”
The clubs’ prize money will add up throughout the event, starting at US$2 million per win and US$1 million per draw in the group stage.
As teams progress, they will receive an extra US$7.5 million for reaching the round of 16, US$13.1 million for getting to the quarter-finals and US$21 million for advancing to the semi-finals. Spots in the final are worth another US$30 million, and the champions will receive an additional US$40 million.
Additional participation incentives will be granted to the teams, starting from as low as US$3.6 million for the Oceania champions, Auckland City, and going as high as US$38.2 million for the biggest teams from the European federation, Uefa.
Major League Soccer will be represented by the Seattle Sounders and Inter Miami.
Matches will be played in Miami Gardens, Florida (site of the opener between Inter Miami and Al Ahly of Egypt on June 14); East Rutherford, New Jersey (site of the final on July 13); Pasadena, California; Charlotte; Atlanta; Philadelphia; Seattle; Orlando; Nashville; Cincinnati and Washington.
Notable teams in the field include Manchester City and Chelsea from England, Real Madrid and Atletico Madrid from Spain, Bayern Munich and Borussia Dortmund from Germany, Paris Saint-Germain from France, Inter Milan and Juventus from Italy, River Plate and Boca Juniors from Argentina and Flamengo, Palmeiras and Fluminese from Brazil. REUTERS
