FIFA Announces $1 Billion Prize Money for Club World Cup

FIFA announced on Wednesday that participants in the upcoming Club World Cup in the United States will receive a total prize money of one billion dollars. This amount is significantly higher than the prize money awarded in the last men's and women's World Cups. The details of the funding for this 32-team tournament, which will be held every four years, are not fully disclosed by the world football governing body. However, FIFA has secured partnerships with a broadcaster and major sponsors for the event. With expectations of generating $2 billion in revenues from the expanded Club World Cup, FIFA also confirmed plans for a women's edition starting in 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.

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- 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.

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"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.

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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.

(This story has not been edited by staff and is auto-generated from a syndicated feed.)