FIFA To Pay $1 Billion Prize Money For Club World Cup
FIFA on Wednesday announced it will pay total prize money of one billion dollars to participants in the Club World Cup taking place in the United States this year. The figure is significantly more than the prize money offered for either the last men's or women's World Cups. World football's governing body has given few details about the funding of the first edition of the 32-team tournament that will take place every four years but it has signed up a broadcaster and major sponsors in recent weeks. In a statement confirming the prize money on offer, FIFA said it expected to generate $2 billion in revenues from the expanded Club World Cup. It also confirmed that a women's edition will take place from 2028.
