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FIFA declares file $1bn prize fund for Membership World Cup

A protracted publicity exhibits FIFA’s emblem close to its headquarters in Zurich, Switzerland February 27, 2022. — Reuters

PARIS: FIFA has introduced that groups competing on this yr’s expanded Membership World Cup in america will share a file $1 billion in prize cash.

The determine is considerably greater than the prize cash supplied for both the final males’s or girls’s World Cups.

World soccer’s governing physique has given few particulars concerning the funding of the primary version of the 32-team event, which can happen each 4 years, but it surely has signed up a broadcaster and main sponsors in current weeks.

In an announcement confirming the prize cash on provide, FIFA stated it anticipated to generate $2 billion in revenues from the expanded Membership World Cup. It additionally confirmed {that a} girls’s version will happen 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,” stated 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.”

British streaming service DAZN was awarded the unique international rights to the event, which can happen from 14 June to 13 July, in December. A supply near the negotiations stated the contract was value round one billion euros ($1.05 billion).

FIFA has additionally signed sponsorship contracts with Coca-Cola, Financial institution of America, Chinese language electronics model Hisense, and Belgian brewers AB InBev.

By comparability, the entire prize cash for the 2022 males’s World Cup in Qatar was $440 million, whereas for the 2023 Girls’s World Cup in New Zealand and Australia, it was $110 million.

This season’s UEFA Champions League, with a brand new 36-club format, can pay a complete of two.47 billion euros ($2.66 billion) to the golf equipment concerned.

Widespread criticism over participant welfare

FIFA’s enlargement of the event has been met with widespread criticism, particularly in Europe, largely resulting from issues over participant welfare.

The worldwide footballers’ union FIFPro and the European Leagues affiliation filed a grievance with the European Fee in October in opposition to FIFA, accusing it of abusing its dominant place by overcrowding the calendar.

The Champions League was additionally expanded by UEFA this season, and a few gamers, together with Ballon d’Or winner Rodri and Liverpool captain Virgil van Dijk, have raised the prospect of a strike.

“I think we are close to that. I think if you ask any player, he will say the same,” stated Rodri when requested in September if there was a risk of gamers happening strike, shortly earlier than struggling a season-ending knee harm.

“It is not the opinion of Rodri or whatever. I think it’s the general opinion of the players.”

The event will characteristic 12 groups from Europe, six from South America, and 4 every from Asia, Africa, and North and Central America.

Auckland Metropolis and Lionel Messi’s Inter Miami full the line-up.

Not all of the response has been unfavourable, with Paris Saint-Germain coach Luis Enrique insisting “everyone” would need to play.

“Once every four years, there’s this new, extremely exciting competition. Everyone wants to go to the Club World Cup,” he stated final yr.

The event will likely be held at 12 venues throughout 11 cities in america, with the ultimate on the MetLife Stadium in New Jersey, which will even host the 2026 World Cup ultimate.

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