LIVE: World Cup champions to get Sh5.1 billion in prize money
Football
By
Associated Press
| Dec 18, 2022
The World Cup champions will earn $42 million [Sh5.1 billion] in prize money for their soccer federation.
The losing team in Sunday's final between France and Argentina will get $30 million from a FIFA prize fund of $440 million.
When France won the World Cup in 2018, the country's federation got $38 million from FIFA's $400 million prize fund.
Not all the money goes to players, but they are expected to get a good chunk of it. France players such as Kylian Mbappe are in line to be paid a bonus of 554,000 euros ($586,000) by their federation for winning the final, French sports daily L'Equipe reported.
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Every national soccer federation gets at least $9 million in prize money for playing at this year's World Cup, plus $1.5 million for each toward costs of preparing for the tournament.
Third-place team Croatia earned $27 million in prize money. Morocco, which ended up in fourth, will be paid $25 million.
FIFA's total revenue for the past four years was $7.5 billion, with most from broadcast and sponsorship deals, plus ticket and hospitality sales.