PARIS (Kashmir English): The World football’s governing body, FIFA has announced a record $1bn prize money for the teams competing in this year’s expanded Club World Cup in the United States.
This year’s Club World Cup will be held in the United States from 14 June to 13 July with the figure significantly more than the prize money offered for either the last men’s or women’s World Cups.
This will be the first edition of the 32-team tournament, which will take place every four years.
FIFA has given few details about the funding of the maiden event as it has signed up a broadcaster and major sponsors in recent weeks.
FIFA Women’s Club World Cup from 2028
In a statement confirming the prize money on offer, FIFA expected to generate $2 billion in revenues from the expanded Club World Cup, also conforming that a women’s edition will take place from 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 on 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.”
