BREAKING: FIFA Confirms Record $1bn Prize For Club World Cup 

BREAKING: FIFA Confirms Record $1bn Prize For Club World Cup 

FIFA announced on Wednesday that it will distribute a total of $1 billion in prize money to teams participating in this year’s Club World Cup in the United States.

This amount surpasses the prize money awarded for both the most recent men’s and women’s World Cups.

While FIFA has disclosed limited details about the funding for the inaugural 32-team tournament, set to be held every four years, it has recently secured a broadcaster and major sponsors.

In its statement confirming the prize pool, FIFA projected $2 billion in revenue from the expanded Club World Cup and also announced that a women’s edition will debut in 2028.

“The FIFA Club World Cup will not only be the pinnacle of club football, but also a vivid demonstration of solidarity that will benefit clubs at large to a scale that no other competition has ever done,” said FIFA president Gianni Infantino.

“All revenue generated by the tournament will be distributed to the participating clubs and via club solidarity across the world as FIFA will not keep a single dollar.”

British streaming platform DAZN secured exclusive global broadcasting rights for the tournament, scheduled for June 14 to July 13. A source familiar with the deal revealed that the contract is valued at approximately 1 billion euros ($1.05 billion).