World Cup Fifa Payment : Here’s how much Each Countries will Take Home

world cup, sports, prize, fifa, Featured business-news

On Sunday, France defeated Croatia in the 2018 FIFA World Cup. This means Les Bleus will take home $38 million in prize money, and Croatia will take home $28 million in prize money.

In 2017, the FIFA Council announced that the organization’s total contributions to fund the 2018 World Cup would be a whopping $791 million — a 40 percent increase from the previous tournament in 2014. Of this total, $400 million will be used exclusively as prize money for participating teams — a 12 percent increase.

This increase in funding means that France is set to win more prize money than ever before in World Cup history.

world cup, sports, prize, fifa, Featured business-news

According to Time, the prize money is given to each country’s national FIFA federation. These organizations determine how the winnings will be distributed and how much each individual player will receive.

The World Cup trophy is estimated to be worth $20 million. While the winners don’t get to keep the trophy indefinitely, the fame and publicity associated with winning the World Cup can lead to corporate sponsorships, advertising deals and hefty contracts.

Of course, France and Croatia are not the only teams who will be taking cash home from the World Cup. All teams that advanced to the group stage receive a minimum of $8 million in prize money, as well as $1.5 million to “cover preparation costs.”

world cup, sports, prize, fifa, Featured business-news
FRANCK FIFE/AFP/Getty Images
France’s forward Kylian Mbappe celebrates after scoring their fourth goal during the Russia 2018 World Cup round of 16 football match between France and Argentina at the Kazan Arena in Kazan on June 30, 2018.

Here’s how the prize money breaks down

world cup, sports, prize, fifa, Featured business-news

 

17th-32nd place: $8 million

Ninth-16th place: $12 million

Fifth-Eighth place: $16 million

Fourth place: $22 million

Third place: $24 million

Second place: $28 million

First place: $38 million

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Schwiz Josh

Schwiz Josh

Basically, I'm a programmer and Entrepreneur, Web based. Schooled in UNIZIK. I love classical music.

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