UEFA sets $360 million prize fund for 24 national teams from revenue of $2.6 billion

LONDON: UEFA said on Saturday it will pay 331 million euros ($360 million) in total prize money to the 24 national teams at the men’s European Championship that is expected to earn about 2.4 billion euros ($2.61 billion) in commercial revenue. The team prize fund is in line with the pandemic-delayed Euro 2020 and 20 times more than UEFA’s prize fund for the women’s Euro 2022. The national federation of the Euro 2024 title winner can get a maximum of 28.25 million euros if the team wins all three games in the opening group stage, the European football body said ahead of the tournament draw.

Each of the 24 teams gets a minimum of 9.25 million euros for playing at the month-long tournament in Germany that starts on June 14.

Clubs will share a further 240 million euros from UEFA for releasing their players for national-team duty. They get a daily rate of several thousand euros per player while they are with national teams for qualifying games and at Euro 2024 itself.

FIFA paid prize money of $440 million to the 32 men’s teams at the 2022 World Cup, four times more than the $110 million shared among 32 women’s teams at their 2023 World Cup. The Euro 2024 winner will be paid more than the total 16 million euros prize money fund for the 16 women’s teams that played at Euro 2022 in England. The women’s event has separate commercial deals to the men’s. Agencies

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