FIFA has confirmed that it will distribute $1 billion in prize money as part of the expanded Club World Cup this summer.
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FIFA to give out $1 billion prize in Club World Cup
FIFA called the $1 billion distributed to participating clubs a “new benchmark for global club football.”
Additionally, FIFA has committed to keeping all tournament revenues within the club game.
“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 at large to a scale that no other competition has ever done,” FIFA president Gianni Infantino said in a statement.
“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. Fifa’s reserves, which are there for global football development, will remain untouched.”
32 teams around the world
The Club World Cup kicks off on June 14 and will unfold across 11 cities in the United States.
It will also serve as a dress rehearsal for the 2026 World Cup, co-hosted by the U.S., Mexico, and Canada.
The tournament will feature 32 teams from around the world.
Powerhouse clubs in the lineup include Real Madrid, Bayern Munich, Paris Saint-Germain, Chelsea, Borussia Dortmund, and Lionel Messi’s Inter Miami.
Joining them are South America’s top four ranked teams: Flamengo, Palmeiras, River Plate, and Fluminense.
