US EditionFIFA to pay out $100M in extra cash to help cover World Cup teams’ costs in North America
FIFA will add more than $100 million in support for teams as higher travel, hotel and tax costs threaten tournament budgets.
- On Tuesday, the FIFA Council agreed to distribute more than $100 million in extra cash to World Cup Teams, increasing basic payments by $2 million to a minimum of $12.5 million.
- Some of the 48 Teams, particularly from Europe, told FIFA that original prize structures would lead to financial losses, citing higher expenses in North America, including tax obligations in the United States.
- FIFA will allocate an extra $16 million in "subsidies for Team delegation costs," while raising financial support for pre-tournament training and expenses to $2.5 million.
- The governing body expects at least $11 billion in revenue for the upcoming World Cup, supporting a $655 million prize fund that grants $50 million to the eventual champion.
- Beyond direct payments, FIFA covers business-class travel and Hotel lodging for 50-person delegations, with payments starting five nights before a Team's first game.
19 Articles
19 Articles
The FIFA Council increased the next World Cup economic prize by US$ 100 million, which will be held in June in the United States, Mexico and Canada. Thus, the ecumenical tournament will deliver US$ 871 million in total, a record figure in the history of the World Cups. According to FIFA in a statement, there will be an increase of US$ 1 million for all the selections classified as “participation prize” and another similar increase for the teams …
The German Football Association, among others, had complained in the recent period about the high costs of traveling and staying in the United States.
The Toronto Star
FIFA to pay out $100M in extra cash to help cover World Cup teams’ costs in North America
FIFA is paying out more than $100 million in extra cash to World Cup teams to help cover higher-than-expected costs of being in North America.
Associated Press News
FIFA to pay out $100M in extra cash to help cover World Cup teams' costs in North America
FIFA is paying out more than $100 million in extra cash to World Cup teams to help cover higher-than-expected costs of being in North America.
Meeting this Tuesday in Vancouver, the FIFA Council detailed several of its decisions within two months of the start of the North American World Cup.
Japan Today
IOLWorld Cup to get cash boost as FIFA unveils red card crackdown
FIFA on Tuesday boosted overall World Cup cash distributions to nearly $900 million following concerns over the spiraling costs for teams taking part in the tournament. Football's global…
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