Thu | Dec 14, 2017

2018 World Cup champs to collect US$38m

Published:Saturday | October 28, 2017 | 12:00 AM
FIFA President Gianni Infantino.

KOLKATA, India (AP):

The 2018 World Cup champion will get US$38 million from a prize fund FIFA has increased by 12 per cent to US$400 million.

FIFA said yesterday that each of the 32 competing national federations in Russia will get at least $8 million, the same as in 2014 when the overall prize fund was $358 million.

Three years ago, World Cup champions Germany received $35 million and runners-up Argentina got $25 million. Next year, the runners-up will also get a $3 million increase to $28 million.

Following a meeting of the FIFA Council, the governing body said the third- and fourth-place teams will each get a $2 million increase to $24 million and $22 million, respectively. The quarterfinalists will each get $16 million, also a $2 million increase, and teams eliminated in the last 16 get a $3 million increase to $12 million.

The prize fund comes from World Cup revenues that FIFA has projected to exceed $5 billion despite stalled sales of sponsorships amid Swiss and American corruption investigations.

"Today the doors are open, the revenues come in and the revenues will exceed the budget certainly," FIFA president Gianni Infantino said.

Teams will also get $1.5 million from FIFA towards the costs of preparing for the tournament. That amount was the same in 2014.

 

Fund unblocked

 

FIFA also moved to unblock a $100 million fund from 2014 World Cup tournament revenues for hosts Brazil which has been frozen in fallout from corruption investigations.

FIFA promised the money in 2014 for "women's and grass-roots football, healthcare and social programmes for underprivileged communities" in Brazil.

The fund was agreed to with Brazilian football leaders Jose Maria Marin and Marco Polo del Nero, who have both been indicted by the US Department of Justice in a sprawling bribery and racketeering case.

Marin's trial begins in Brooklyn federal court next month, and Del Nero has remained in Brazil to evade arrest while still president of the national football body.

Infantino said yesterday a new entity would run the fund, and projects should start to benefit the country by early next year.