FIFA have confirmed that prize money awarded at the 2014 World Cup has been increased by 37 per cent, with the winners set to receive €25.5m.
The game’s governing body have this week released the figures that the 32 countries are due to receive as reward for progress in next summer’s edition in Brazil.
A total amount of $420m, €307.5m will be paid out to competing nations at the World Cup finals, with the winners set to pocket $35m, around €25.5m, representing an increase of $5m, €3.6m on the amount Spain received at South Africa 2010.
The competition runners-up in Brazil will be paid $25m, around €18m, whilst third place will earn $22m, €16m and fourth will be paid $20m, €14.6m.
Teams exiting the tournament at the quarter-final stage will each be paid $14m, €10.25m whilst those out in the Last 16 will receive $9m, €6.6m each. First round eliminations will earn $8m, €5.8m
Each nation will also receive $1.5m, €1.1m in ‘preparation costs’, representing a $500,000, €370,000 increase on what was paid in 2010.
“There will also be awards of $70m [€51m] for the clubs whose players are taking part in the World Cup and, in addition to that, $20m [€14.6m] will be given as a legacy to Brazilian football,” FIFA secretary general Jerome Valcke has confirmed, in releasing the above figures this week.
“We will not wait for the start of the World Cup for that, those payments will start immediately and will rise to $100m [€73m] in the future.”
A further $100m, €73m will be set aside as insurance to paid out to clubs if their players are injured whilst playing for their country next summer, making for a total pot value of $576m, €421.7m for the tournament.
Betting on Serie A? Bet365 are offering a 100% deposit bonus, up to £200 - find out more