The winners of this year’s 32-team Club World Cup to be held in the United States will earn up to $125 million, FIFA said on Wednesday.
World football’s governing body had announced earlier this month a total prize pot of $1 billion for the June 14-July 13 event, significant in the current climate of financial regulation for clubs.
“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,” FIFA president Gianni Infantino said in a statement.
About half of the $1bn total will be divided between all 32 clubs, with the amount per club based on sporting and commercial criteria, meaning clubs such as Manchester City and Real Madrid will receive a greater percentage than smaller clubs in a model FIFA developed with the European Club Association.
