Distribution of football World Cup prize money
At present, entertainment is one of the basic needs of the people. And there are thousands of mediums of entertainment, and one of these mediums is sports. That’s why there are overflowing heroes in all the playgrounds of the world! Nowadays, the whole world is confused about football. Why not! A few days ago, football’s highest honor came on the screen, World Cup Football 2018. From every football-lover to the footballer, coach, country, nation, everyone had the same speculation-who is the best footballer, who is getting the highest goal scorer award! Which country is getting the most honor in world football! Hundreds of such equations have come to the fore. And there is a lot of curiosity among the people about these awards.
The prize money announced by FIFA:
Like the last 4 World Cups, FIFA has increased the amount of money allocated for the World Cup. And among this allocated money includes prize money, the cost of playing in the World Cup of the countries, the insurance of the players, the club protection money. In the last World Cup, i.e., World Cup 2014, this amount was 564 million US dollars. But in this year’s Russia World Cup 2018, FIFA has increased this amount by about 40 percent, and it stands at 791 million US dollars. The prize money is 400 million US dollars.
The FIFA prize money in the last five World Cups, including this year’s World Cup:
FIFA has been increasing the prize money for the last five World Cups. If we look at the 2002 World Cup, FIFA allocated 154 million for that World Cup. In 2006, FIFA increased the amount by 70 percent. In other words, this amount increased to 262 million dollars. In 2010, it rose 61 percent to 420 million.
Then in 2014, it increased by 34 percent to 564 million, and in the 2018 World Cup, it increased by 40 percent, which is 791 million. And FIFA has announced in advance that the amount of money allocated may increase in the next 4 World Cups. So let’s find out who will get this FIFA prize money.
Which is in the top 16:
FIFA has announced that the teams that finish the World Cup in the last 16 will receive a further 4 million. A total of 12 million US dollars. The last 16 teams are Argentina, Mexico, Spain, Japan, Switzerland, Denmark, Colombia, and Portugal.
The team that is eliminated from the quarter-finals will get:
Each team that makes it to the quarter-finals, or the top eight, will receive 4 million more than the teams in the top-16. Brazil, Russia, Uruguay, and Sweden are currently among the four teams that have exited the quarter-finals.
The teams that bid farewell to the semi-finals will get two:
FIFA has a total budget of 48 million for the third and fourth-place teams. Belgium, the third-ranked country, will receive 24 million. And fourth-place England will get 22 million dollars.
FIFA budget for the final game teams Croatia and France:
FIFA announced the budget for the two teams that will play in the World Cup final in Russia in October 2018. The FIFA budget for the two teams in this game is 6 million US dollars. Out of this 6 million, the winning team, France, will get 38 million US dollars. And the runner-up team, Croatia, will get 28 million US dollars.
FIFA source of income:
Notable among FIFA’s sources of income
1.TV Rights, Marketing Rights,
2.Ticket sales money,
3.License and
4.Hospitality rights.
FIFA cost sector:
Notable sectors are among the industries that FIFA spends on.
1.Local Organizing Committee,
2.TV productions,
3.Money,
4.Legacy Fund,
5.Club Benefit,
6.Preparation costs,
7.Marketing,
8.Legal Financial,
9.Insurance,
10.Preliminary Competition,
11.FIFA Fan Fest,
12.Referee costs etc.