FIFA has officially announced the amount due to teams who are going to be participating at next year World Cup in Russia following a meeting held in Kolkata, India earlier today.
The Super Eagles of Nigeria alongside other teams who will be at the World Cup are going to earn a fix participation bonus of $9.5m according to a release on the official website of the soccer body.
Teams are also going to earn more based on their progress at the tournament with the winners set to earn a new revised and agreed cash price of $38m, a 40% increase from the cash price given to Germany for winning the 2014 edition of the World Cup.
“As approved by the FIFA Council at its meeting in Kolkata on 27 October 2017, the total contributions for the participants of the 2018 FIFA World Cup™ will amount to USD 791 million, up 40 per cent compared to the previous edition in 2014″, a statement on FIFA website reads.
“From this total, the biggest share –USD 400 million- will be paid as prize money to be distributed among the 32 participating teams. The winners will receive USD 38 million, while the runners-up will get USD 28 million and the third-place team USD 24 million. The minimum prize money for teams eliminated at the group stage will amount to USD 8 million each.. The complete details can be consulted in this table. All prize money will be paid after the tournament”.
The statement also confirmed that participating teams are going to get $1.5m to help out in their preparations for the World Cup alongside, aside other financial benefits for taking part at the tournament.
“In addition, each qualified team will receive USD 1.5 million to cover preparation costs, which will be paid ahead of the competition. This means all teams are guaranteed at least USD 9.5 million each for their participation in the 2018 FIFA World Cup.
“Besides contributions paid to the participating teams, FIFA has already allocated USD 209 million for the Club Benefit Programme, which will be paid via the member associations to the clubs releasing players to the participating teams in the 2018 FIFA World Cup™.
“Finally, USD 134 million have been earmarked for the Club Protection Programme, by which clubs are compensated for losses incurred due to players being injured while on international duty.”