FIFA To Pay $1 Billion Prize Money For Club World Cup
A source close to the negotiations told AFP  on Wednesday that FIFA will pay the participants in the Club World Cup’s annual competition a billion dollars.
The prize money for the final men’s and women’s World Cups was significantly more than the amount offered.
Although the first edition of the 32-team tournament, which will take place every four years, has been signed by the world’s governing body, it has had few details about funding it. However, it has recently signed a broadcaster and major sponsors.
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A source close to the negotiations claims that the deal, which was valued at around one billion euros ($1.05 billion), was being signed by British streaming service DAZN, which holds exclusive global rights to the June 14-July 13 tournament in December.
Additionally, FIFA has signed sponsorship agreements with Belgian brewers AB InBev, Coca-Cola, Bank of America, Hisense, a Chinese electronics company, and Coca-Cola.
Comparably, the total prize money for the 2022 men’s World Cup in Qatar was $ 440 million, whereas the $ 110 million world cup for women in New Zealand and Australia was $ 110 million.
The clubs that are participating in this year’s UEFA Champions League will receive a total of 2.47 billion euros ($2.66 billion) in the form of a new 36-club format.
Widespread criticism has been directed at FIFA’s expansion of the competition, primarily because of concerns for player welfare, especially in Europe.
FIFA is accused of abusing its position by packing the calendar, according to the global footballers’ union FIFPro and the European Leagues association, and filed a complaint with the European Commission in October.
UEFA’s expansion of the Champions League this year also resulted in the potential for a strike for some players, including Liverpool captain Virgil van Dijk and award-winner Rodri.
“I believe we’re on par with that,” he said. When asked in September if there was a chance of players going on strike shortly before a season-ending knee injury, Rodri responded, “I think if you ask any player, he will say the same.”
“It is not Rodri’s or whatever’s opinion.” I believe that is the players’ overall opinion.
12 teams from Europe, six from South America, and four from each of Asia, Africa, and North and Central America will participate in the tournament.
The lineup includes Lionel Messi’s Inter Miami and Auckland City.
Not all the responses have been negative, with coach of Paris Saint-Germain Luis Enrique saying that “everyone wants to play.”
“There is a new, incredibly exciting competition every four years. He stated last year that there was “everyone wanting to attend the Club World Cup.”
The MetLife Stadium, which will also host the 2026 World Cup final, will host the final match of the tournament at 12 locations spread across 11 American cities in New Jersey.