Club World Cup prize money announced
- Published
The winner of the newly expanded Club World Cup will secure up to $125m (£97m) in prize money, Fifa has announced.
The overall prize pot, shared between all 32 teams based on different factors, will be $1bn, with about half that figure divided between all participating clubs and $475m awarded on a performance-related basis.
As a result, Manchester City and Chelsea - the two Premier League sides in the competition because of their recent Champions League wins - could pocket the biggest prize money ever awarded in club football over a seven-game format.
In a statement, Fifa president Gianni Infantino said: "Fifa will neither retain any funding for this tournament, as all revenues will be distributed to club football, nor will it touch Fifa's reserves, which are set aside for global football development through the 211 Fifa Member Associations."