Revealed: How much will the Winners, Runners-up of the FIFA 2022 World Cup get?
FIFA has allocated millions of dollars as World Cup prize money for this year’s winners and competitors, who are no exception to the trend.Information Guide Nigeria
The FIFA World Cup is the most-watched sporting event on the planet, therefore it is only reasonable that each edition offers a substantial sum of prize money.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaThis year’s tournament begins in Qatar on 20 November and concludes on 18 December, with the final taking place in Doha a week before Christmas.
According to albawaba.com, the November edition in Qatar is the most costly World Cup ever, with an anticipated revenue budget of $220 billion.
The exorbitant cost of constructing new stadiums, completing restorations, and repairing infrastructure and technology has contributed to the enormous expense. It will also be the second time Asia has hosted the tournament.
As is customary, there is a substantial financial incentive for winning the FIFA World Cup, and football clubs will also profit while their players are competing.
This article explains how much the 2022 FIFA World Cup champion will earn and how much each team will earn during the tournament.
According to the 2020 FIFA annual report, the overall prize money pot for the 2022 World Cup is a huge $440 million (N194.7 billion) – a significant rise from the 2018 World Cup in Russia, which awarded $400 million in prize money (N177 billion).
In 2014, the prize pool for winning teams was $358 million. However, the men’s event has received harsher criticism than the analogous women’s event.
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The overall prize pool for the 2019 FIFA Women’s World Cup was $30 million, and the winner received $4 million.
The prize pool for the 2023 women’s World Cup will be $60 million, which is still less than four times that of the 2022 men’s World Cup, but according to reports, it may climb further as FIFA enters the final year of preparations.
Since the 2018 tournament held in Russia, the prize money for the ultimate champion has also increased.
This year, FIFA has revealed that the winning nation will receive $42 million (N18.4 billion), which is $4 million more than what France won four years ago for winning the previous tournament.
After the 2002 World Cup, the total prize money granted increased significantly as FIFA’s annual income fluctuated.
Since 2006, the prize money awarded to the World Cup champion has more than doubled.
In addition to the champions, all 32 teams competing in Qatar in 2022 will benefit from the expanded prize pool.
Each of the 32 participating nations will get $1.5 million (N657 million) in advance of the competition. This is only to fund the preparatory costs of the teams.
Depending on where they finish in the tournament, the teams stand to earn increasing amounts of money as the competition progresses.
Here are the many categories and prizes: (all figures listed below are in Naira)
- Winner – N18.4 billion
- Runners-up – N13.1 billion
- Third Place – N11.8 billion
- Fourth Place – N11 billion
- 5th – 8th Place – N7.4 billion
- 9th – 16th Place – N5.7 billion
- 17th – 32nd Place – N3.9 billion
How much will football clubs earn during the 2022 FIFA World Cup?
Numerous elite European clubs are anticipated to release their players so that they can fulfil their goals of competing in the worldwide clash.
As a result, FIFA will compensate these clubs throughout this time period. This year, the football federation has awarded $209 million to clubs whose players are participating in the tournament while representing their national teams.
Clubs are compensated a daily fee of $10,000 (N4.4million) for as long as their players are on international service.
This agreement will encompass over 400 clubs globally, including Australian A-League teams. During the 2018 World Cup, FIFA compensated A-league clubs with a total of $1.53 million (N677 million).
Typically, the prize money won at a tournament is divided between the entire team and other staff members.
A portion of the funds also goes to charity and the country’s National Football Association.
However, there is no prescribed ratio to determine how much each player receives, as FIFA enables each side to choose this on its own.
In many instances, all the players on the roster, including those who do not play much, are paid the same amount.JAMB Result
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