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 increase basic payments to each World Cup team by $2 million to a minimum of $12.5 million, while pledging more than $100 million in extra cash to help cover higher-than-expected North America costs.
- Some of the 48 teams, particularly from Europe, told FIFA that original prize structures and preparation costs set last year would lead to financial losses unless they advanced deep into the knockout rounds, 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" and raise financial support for pre-tournament training and expenses to $2.5 million from $1.5 million, the FIFA Council agreed.
- The governing body expects at least $11 billion in revenue for the World Cup starting June 11, supporting a total prize fund of $655 million that grants $50 million to the eventual champion.
- Beyond direct payments, FIFA covers business-class travel and hotel lodging for 50-person team delegations, with hotel support starting five nights before a team's first game and continuing through elimination.
31 Articles
31 Articles
FIFA will disburse more than $100 million in additional cash to the World Cup selections to help cover the higher-than-anticipated costs of staying in North America. FIFA’s governing board agreed on Tuesday to increase the basic payments to each federation by $2 million, to a minimum of $12.5 million. The governing body foresees revenues of at least $11 billion for the tournament in the United States, Canada and Mexico, which begins on June 11.
The FIFA Council increased the next World Cup economic prize by US$ 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.
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