FIFA has confirmed that the first edition of the new format club World Cup champion could walk away with a staggering $125 million bonus.
Gianni Infantino, chairman of the Fédération Internationale de Football Association, announced the matter in a statement Wednesday.
The total prize money for the competition will be held from June 14 to July 13, at $1 billion.
FIFA now shares how to allocate the money to 32 participating teams.
Each team will receive a share of $525 million in reserved participation. According to the team’s performance in the game, another $475 million will be obtained. The winning team can bring up to $125 million after playing seven games, including additional bonuses.
European clubs will receive the largest share of the prize money. Each club will receive between $12.81 million and $38.19 million, depending on sports and business factors.
The South American team will receive $15.21 million in each. Teams from North and Central America, the Caribbean, Asia and Africa will receive $9.55 million respectively. The city of Auckland is the only team in Oceania and will receive a $3.58 million prize for participating in the competition.
“The distribution model… represents the largest prize awarded ever, which includes a group stage and knockout stage.
“In addition to the bonuses specifically provided for participating clubs, an unprecedented solidarity plan will be developed to allow an additional $250 million in football around the world,” Infantino said.
Infantino also said that all the revenue from the game will be used to support club football.
