First 32-Team FIFA Club World Cup Unveils $1 Billion Prize Money

The 2024 FIFA Club World Cup in the U.S. reveals a $1 billion prize fund, with the winner earning $125 million. Details on guaranteed fees and performance-based earnings were finalized after a broadcasting deal. Participating teams hail from Europe, South America, Africa, Asia, and North America, starting June 14.

FIFA has announced that the first 32-team Club World Cup, set to take place in the United States, boasts a substantial $1 billion prize fund. The winner of the tournament could earn up to $125 million, with guaranteed fees and performance-based earnings elaborated upon in a recent publication.

The tournament, scheduled from June 14 to July 13, 2024, will see a range of earnings for participating teams. European teams like Real Madrid could earn as much as $38.19 million, while $3.58 million is slated for Oceania's Auckland City. Additional prize money of $475 million is tied to performances, with $2 million for group stage wins and $40 million for the champion.

The development comes after FIFA secured a global broadcast deal with DAZN and announced Saudi Arabia as the 2034 World Cup host. Despite the late publishing of prize fund details, the tournament promises a significant financial impact on global football, with payments also extended to clubs unable to qualify.

(With inputs from agencies.)