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How World Cup Money Is Shared - Sports - Nairaland

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How World Cup Money Is Shared by begwong: 12:40pm On Jul 14, 2014
The most valuable and ex­pensive World Cup ever will earn billions of dol­lars for FIFA, millions for the competing countries and thousands for the more than 700 players selected.
From the near $4.5 billion in revenue from broadcasters, sponsors, hospitality and licens­ing deals, FIFA distributes just over $400 million to the 32 na­tional federations taking part in the tournament.
Here is how some of that mon­ey breaks down:
FIRST PRIZE:
The winner in the final will get $35 million in prize money paid to its national federation, which can spend the money as it choos­es.
That’s $5 million more than the $30 million Spain took home from South Africa four years ago.
The runner up gets $25 million (up from $24 mil­lion in 2010), while the third- and fourth-place teams get $22 million and $20 million, respectively.
PLAYERS’ SHARE:
FIFA lets national fed­erations choose how to reward the 23 players on their squads.
The German federation last year promised all 23 players a 300,000-euro ($408,000) bonus for win­ning a fourth World Cup title.
That is the equivalent of a few weeks’ basic wage for the German play­ers that are employed by wealthy European clubs like Arsenal, Bayern Mu­nich and Real Madrid.
PRIZE POOL:
Prize money for the other 28 federations elimi­nated before the semifinals stayed at the same level as in 2010.
Quarterfinalists get $14 million, round of 16 losers get $9 million and those that failed to advance from the group get $8 million.
How do they spend it? Four years ago, FIFA ac­knowledged it did not know if the $8 million paid to North Korea would stay within football there.
In addition, FIFA paid $1.5 million in advance to each of the 32 federations to prepare for the tourna­ment — an increase of $500,000 from the 2010 tournament
That should have helped pay for training camps be­fore arriving in Brazil and settle some players’ bonus issues that have tradition­ally dogged World Cup teams, especially from Africa.
PAY TO PLAY:
As usual, problems over paying bonuses exposed the financial problems of African federations and a fundamental distrust many players have for elected football officials.
Three of the five African teams; Cameroon, Ghana and Nigeria; were distract­ed by payment issues.
Cameroon’s squad ar­rived a day late after re­fusing to board a plane, forcing their federation to take out a loan to ensure players got paid.
Ghana’s government flew in $3 million in cash — after Brazil’s govern­ment waived laws on moving currency — to avert a threatened strike by players who were report­edly promised between $75,000 and $100,000.
Nigerian players can­celed a training session before its round of 16 loss against France to ensure their bonus payments were upheld. They were prom­ised $10,000 each for every group stage win, and could have earned $102,500 in total for winning the title.
FIFA PROMISE:
FIFA secretary general, Jerome Valcke, said it was “sad” that bonus issues dis­tracted from the football.
He pledged that, in the future, FIFA will seek writ­ten agreements from fed­erations that players are contracted to receive their money before arriving in Russia in 2018.
CLUBS’ SHARE:
Clubs that released the 736 players taking part in the World Cup will also get their share of FIFA’s rev­enues.
FIFA has set aside $70 million to distribute at a rate of $2,800 per player per day that each was on World Cup duty. The mon­ey is shared between each player’s current club and; any other, he played for in the two previous years dur­ing qualification matches.
By Kunle Solaja(TheSun)

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Re: How World Cup Money Is Shared by Smartsyn(m): 12:46pm On Jul 14, 2014
Hmmmm so much money..




No wonder Sepp Blatter want to become president till his death. That man has seen money with his eyeballs...
Re: How World Cup Money Is Shared by bighanz(m): 1:07pm On Jul 14, 2014
mehn am going to work in FIFA when I grow old.... hahaha...no be old men full there?..
but Bros how u take know this kind classified information? u be bros oo oo oo....abeeg my Watsapp 08068588105...cheers...u too much

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