FIFA Board has announced that 32 teams competing in the inaugural FIFA Club World Cup in June and July will earn more than $1 billion in prize money.
Each club will reportedly receive a participation fee and earn more by advancing from the group stage and into the knockout round.
According to report twelve of the 32 clubs are European and will likely gain a large percentage of total revenue given their importance of the team in the tournament and headlines each team will generate.
The European Club Association is reportedly in the process of closing the deal for 11 of those clubs, including Atletico Madrid, Bayern Munich, Benfica, Borussia Dortmund, Chelsea, Inter, Juventus, Manchester City, Paris Saint-Germain, Porto, and Red Bull Salzburg.
Real Madrid are the 12th European team but ended their membership with the ECA in 2021 to pursue a breakaway European Super League. Unlike Juventus, who were part of Madrid’s initial push for a Super League, the board says Madrid has not seek for another membership request.
The Board also made it clear that none of the revenue generated from the tournament will be used to provide significant payments to any non-participating teams at the tournament.
FIFA also announced a $1 billion deal with the DAZN to broadcast the tournament’s 63 matches globally.
The kick off of the Club World Cup tournament holds June 14 in Miami, The final Stages will hold in New Jersey july 13