UNITED NEWS INTERNATIONAL (UNI) — FIFA has decided how much prize money it will dole out in Russia for next year’s World Cup.
The pot will be $400 million — a 12 percent increase over the 2014 World Cup in Brazil.
FIFA President Gianni Infantino calls that a positive sign for the financial health of world football. World Cup revenues are projected to exceed $5 billion, as FIFA recovers from a corruption scandal that dates to 2015.
Infantino said, “Today, the doors are open, the revenues come in, and we will exceed the budget certainly.”
Next year’s World Cup champion will receive $38 million and the runner-up will take home $28 million. Both figures represent $3 million increases over what Germany and Argentina received for their respective finishes in Brazil.
Even teams eliminated in next year’s group stage will be awarded $8 million.