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FIFA to give 2018 World Cup champion $38M from $400M fund

2017-10-28 16:29 provenance:未知 sentiment: comments(0

The prize fund comes from World Cup revenues that FIFA has projected to exceed $5 billion despite stalled sales of sponsorships amid Swiss and American corruption investigations.

The talks, begun by Inntino predecessor Sepp Blatter, tried to resolve the issue of teams from Israeli settlements on disputed land playing in Israeli competitions in apparent breach of FIFA statutes.

KOLKATA, India (AP) The 2018 World Cup champion will get $38 million from a prize fund FIFA has increased by 12 percent to $400 million.

Today the doors are open, the revenues come in and the revenues will exceed the budget certainly, FIFA President Gianni Inntino said.

We would have to look at abolishing some competitions in order to add another one, Inntino said.

We see there where our limits unfortunately are, Inntino said, noting disputes in the region date back 10,000 years.

Football is not going to solve them either, I am afraid, Inntino said.

Inntino said Friday a new entity would run the fund, and projects should start to benefit the country by early next year.

The Intercontinental Cup was formally replaced in 2005 by the Club World Cup for all continental champions. That competitions future is under review beyond the 2018 edition in Abu Dhabi.

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FIFA said Friday that each of the 32 competing national federations in Russia will get at least $8 million, the same as in 2014 when the overall prize fund was $358 million.

Olympic team rosters could be larger at the 2020 Tokyo Games. Inntino said a squad of 18 players was too small for several games in a tournament running less than three weeks.

Following a meeting of the FIFA Council, the governing body said the third- and fourth-place teams will each get a $2 million increase to $24 million and $22 million, respectively. The quarterfinalists will each get $16 million, also a $2 million increase, and teams eliminated in the last 16 get a $3 million increase to $12 million.

The fund was agreed to with Brazilian soccer leaders Jose Maria Marin and Marco Polo del Nero, who have both been indicted by the U.S. Department of Justice in a sprawling bribery and racketeering case. Marins trial begins in Brooklyn federal court next month, and Del Nero has remained in Brazil to evade arrest while still president of the national soccer body.

Council members decided that interference by FIFA in the (soccer) status quo in these territories could have an aggravating effect on the current circumstances.

Three years ago, World Cup champion Germany received $35 million and runner-up Argentina got $25 million. Next year, the runner-up will also get a $3 million increase to $28 million.

Inntino hinted that an expanded Club World Cup is one option to replace the Confederations Cup, which is next due to be played in 2021.

FIFA has made world champions of dozens of European and South American clubs. The council agreed to recognize winners of the Intercontinental Cup, played for from 1960-2004 between the European Cup and Copa Libertadores champions. However, in some years a runner-up represented its continent after the champion declined an invitation.

FIFA said that a review of its club, youth and womens competitions would report to the next council meeting, on March 15-16 in Bogota, Colombia.

FIFA also moved to unblock a $100 million fund from 2014 World Cup tournament revenues for host Brazil which has been frozen in llout from corruption investigations.

Teams will also get $1.5 million from FIFA toward the costs of preparing for the tournament. That amount was the same in 2014.

Also, FIFA has ended a years-long attempt to bring soccer peace between the Israeli and Palestinian federations.

FIFA promised the money in 2014 for womens and grassroots football, healthcare and social programs for underprivileged communities in Brazil.

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label: FIFA

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