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FIFA Reveal World Cup Prize Money & Discuss 24-Team Club WC

FIFA have revealed the massive prize pool for the 2018 World Cup, and also discussed plans to extend the number of teams at the Club World Cup. Read on to find out how much Bafana Bafana would earn if they qualify!

Read: Salaries Of The FIFA World XI Revealed?

The FIFA Council met in India on 27 October, and announced that the overall prize money for the World Cup will increase from $358 million (R5.05 billion) in 2014 to $400 million (R5.64 billion) for Russia next year.

Each team that qualifies will receive at least $8 million (R113 million) in bonus payments after the tournament, as well as another $1.5 million (R21 million) for preparations before the 2018 World Cup.

This means Bafana and SAFA would be guaranteed $9.5 million (R134 million) if Stuart Baxter's side make it to the showpiece.

The prize money increases the longer a team stays in the tournament, with the winner receiving $38 million (R536 million), the runners-up $28 million (R395 million) and the third-placed team $24 million (R338 million), in addition to their $1.5 million preparation money.

Update: 23 Teams Have Qualified For The World Cup So Far

In addition, the FIFA Council also discussed plans to extend the FIFA Club World Cup from the current format with eight teams – the winner of each confederation plus the league champions of the host nation – to 24 teams from June 2021.

The new format could be played with three groups of eight teams over 18 days, as reported by Mundo Deportivo.

Council member Reinhard Grindel, the president of the German FA, suggested that the slot allocation for the new tournament could look as follows: 12 European teams, five South Americans, just two Africans, two Asians and two more from North America plus the hosts, while a slot for Oceania still needs to be discussed.

What do you make of the plans for an extended Club World Cup? Do you think the slot allocation with just two African teams would be fair? Have your say in the comments section below.

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