Monday, 14 July 2014

Germany will earn $35 million thanks to its World Cup championship

To the victors go the spoils and 1 percent of FIFA's 2014 World Cup revenue.
After Germany defeated Argentina in extra time of the final of the World Cup, not only did it get to hoist an 18-carat trophy, but it also hauled off a cool $35 million.
It’s fitting that the largest prize in World Cup history was distributed in the most expensive World Cup in history. Spain, winner of the 2010 World Cup, received $30 million.
That money is the only thing Germany gets to keep (except for bragging rights) since the expensive trophy stays with FIFA and teams are given a cheaper replica.
Argentina received $25 million as the runner-up, which is up from $24 million in 2010. The Netherlands earned $20 million for finishing third and Brazil earned $18 million for fourth place.
The United States earned $9 million for making it to the Round of 16. That money will go to each country’s soccer federation and it is at the discretion of each nation how to dole out the winnings.
That prize money is in addition to the $1.5 million each nation was given prior to the tournament for training, travel and other expenses. FIFA also has a pool $70 million to pay to the various clubs that employ the 736 club players in the tournament, which works out to $2,800 per player per day that the player was in the World Cup.
Here’s a look at the prize money distribution for the 2014 FIFA World Cup:
Group Stage (16 eliminated teams): $8 million each
Round of 16 (eight losers): $9 million each
Quarterfinals (four losers): $14 million each
Fourth place: $18 million
Third place:: $20 million
Runner-up: $24 million
Winner: $35 million
If it sounds like a lot of money is being dished out for the five-week tournament, it pales in comparison to what FIFA stands to make, which could be upwards of $4.5 billion thanks to broadcasting revenue, licensing, sponsorships and hospitality.
It’s also just a drop in the bucket for players such as Lionel Messi, who just inked a deal with Barcelona for more than $50 million per year.
It’s unclear how much Brazil, the host country, will take away in addition to its prize money, but it won’t be nearly as much as FIFA’s windfall and won’t come close to covering the estimated $14 billion in costs to build and renovate 12 stadiums, upgrade the country's infrastructure and pay for security.
And there’s probably not enough money in the world to make the country feel better about its last two games, which the Brazilians lost by a combined 10-1.

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