Club World Cup: FIFA promises $1 billion total prize money to 32 teams

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Club World Cup: FIFA promises $1 billion total prize money to 32 teams - Business Standard

Quick Summary:

The first edition of the four-yearly club event will have total revenue of USD 2 billion, FIFA said, publishing its financial report for 2024, and will include funding payments known as solidarity to teams that did qualify.

Clubs in Europe with 12 entries in the inaugural lineup, including Real Madrid, Manchester City, Bayern Munich and Paris Saint-Germain had sought promises from FIFA they could earn tens of millions of dollars from the month-long tournament.

FIFA promised USD 1 billion in total prize money to the 32 teams playing at the men's Club World Cup in the United States.