LIVE: World Cup champions to get Sh5.1 billion in prize money

People pose for pictures next to a replica of the World Cup Trophy, right, with the Stadium 974 in the background before the Qatar Fashion United event in Doha, Qatar, Friday, Dec. 16, 2022. (AP Photo/Pavel Golovkin)

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.

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.

By AFP 3 hrs ago
Rugby
Kenyan rugby player turned TikTok star cooks to fight depression
Football
'Kempes' lauds Talanta Hela Decision to go international
Football
Chepkoech eyes another win as Kenyans chase glory in China
Volleyball and Handball
Chumba back as KCB aim to reclaim continental title in Cairo