FIFA has announced that the prize money for this year’s Club World Cup will be a staggering $1 billion.
The tournament, expanded to 32 teams, will be held in the United States of America between June 14 and July 13.
With $2 billion expected in revenues, FIFA reserves will remain untouched and some of the money generated will also be dedicated to club football around the world, FIFA president Gianni Infantino added in a statement on Wednesday.
“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,” Infantino said.
“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.
“At the same time, we are making a record investment of almost $2.3 billion in the FIFA Forward Programme during the 2023-2026 cycle, which means that by 2026 we will have made the unprecedented amount of up to $5.1 billion available for football development since 2016.”
