Russia 2018: $400m up for grabs, as knockout stages beckon
As the Russia 2018 football tournament continues, and teams are advancing to the knockout stages, here is a quick look at how the football governing body, the Federation of International Football Association (FIFA) will split a total of $400m among the 32 participating teams.
The pays for participating teams for the 2018 World Cup is a little higher than the amount for 2014, which was $358m – $42m less than 2018.
As with most top-level sporting tournaments, participating teams are rewarded with financial sums asides the winner, first and second runners-up.
FIFA had confirmed in October 2017, that a total sum of $400m would be shared among the 32 teams as a reward for their qualification and participation in the global sporting tournament.
Here’s how the 32 partaking teams in the Russia 2018 mundial will share the sum of $400m:
First Round (Group Stage)
Sixteen teams will lose out and the other sixteen will advance.
Total cash to be disbursed: $128m
Cash reward for each team: $8m
Knockout Round (Round of 16)
Eight teams will progress while the other 8, will be knocked out
Total cash to be disbursed: $96m
Cash reward per team: $12m per team
Quarter Final (Round of 8)
Four teams will participate at this stage
Total cash to be disbursed: $64m
Cash reward per team: $16m per team
Semi Final (Round of 4)
However, for the last four teams, each will have different amounts for having progressed thus far, as well as those who will progress further. Here are the amounts for the four finalists:
Fourth place: $22m
Third place: $24m
Second place: $28m
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