FIFA announces unprecedented $1 billion prize pool for Club World Cup
A $1 billion prize pool will be shared among participating teams during this summer’s FIFA Club World Cup, the soccer governing body announced Wednesday.
The tournament hosted in the United States will feature 32 of the best clubs around the world, including Lionel Messi’s Inter Miami, Real Madrid and Manchester City.
FIFA announced a revised budget revenue target of $13 billion for the 2023-26 cycle that will see “nearly 90% invested back in the game to significantly boost global football development.”
FIFA anticipates $2 billion in revenues will be made during the Club World Cup, with $1 billion going to participating teams and a provision for a solidarity mechanism that will be decided to club football teams around the world, according to a press release.
“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,” FIFA President Gianni Infantino said.
CLUB WORLD CUP: Here’s when and where the tournament will be played this summer.
“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. FIFA’s reserves, which are there for global football development, will remain untouched.”
Infantino also announced FIFA will make a “record investment of almost $2.3 billion in the FIFA Forward Program during the 2023-2026 cycle.”
“By 2026, we will have made the unprecedented amount of up to $5.1 billion available for football development since 2016,” Infantino added.
The Club World Cup begins June 14 at Hard Rock Stadium in Miami, when Inter Miami will face Egyptian side Al Alhy.
The final will be on July 13 at MetLife Stadium in East Rutherford, New Jersey.
A breakdown of the Club World Cup prize money is expected at a later time.