NewswatchNigeria can report that FIFA 2018 World Cup ended with big money for France for emerging the new champions of the world in the round leather game.
On Sunday, France won $38 million for lifting the 2018 FIFA World Cup in a final game against Croatia where the stakes were high with plenty of National pride fame and glory.
Croatia went home with $28 million while Belgium got $24 million with England smiling home with $22 million for finishing in the fourth place.
In 2017, the FIFA Council announced that the organization’s total contributions to fund the 2018 World Cup would be a whopping $791 million — a 40 percent increase from the previous tournament in 2014. Of this total, $400 million will be used exclusively as prize money for participating teams — a 12 percent increase.
Here’s how the prize money breaks down:
17th-32nd place: $8 million
Ninth-16th place: $12 million
Fifth-Eighth place: $16 million
Fourth place: $22 million
Third place: $24 million
Second place: $28 million
First place: $38 million
This increase in funding means that France and Croatia can win more prize money than ever before in World Cup history.
The winning team will win $38 million, and runners-up will win $28 million. For a smaller team like Croatia, those funds could go a long way.
The prize money is given to each country’s national FIFA federation. These organizations determine how the winnings will be distributed and how much each individual player will receive.
The World Cup trophy is estimated to be worth $20 million. While the winners don’t get to keep the trophy indefinitely, the fame and publicity associated with winning the World Cup can lead to corporate sponsorships, advertising deals and hefty contracts.
Of course, France and Croatia are not the only teams who will be taking cash home from the World Cup. All teams that advanced to the group stage receive a minimum of $8 million in prize money, as well as $1.5 million to “cover preparation costs.”
