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The winning team in next year's World Cup in Russia will be awarded a record $38m (£29m) in prize money, after world football governing body, FIFA boosted its financial offering to record levels.
A total prize money pool of $400m represents a 12 per cent increase on the $358m paid out to teams at the 2014 World Cup in Brazil, where victors Germany received $35m.
The money is paid to a nation's football association, who will have negotiated their own financial agreements with their players.
FIFA president, Mr. Gianni Infantino said the prize money increase represented "a positive sign in terms of the healthy financial situation of FIFA", despite the organisation's $369m loss in 2016.
Ahead of the World Cup, each of the 32 competing teams will be paid $1.5m to cover preparation costs.
| Run Down of the Prize Monies (in million dollars) | For the 2014/2018 WC |
|---|
| 2014 2018 | ||
|---|---|---|
| Winner | 35 | 38 |
| Runner-up | 25 | 28 |
| 3rd | 22 | 24 |
| 4th | 20 | 22 |
| Quarter-finals | 14 | 16 |
| Last 16 | 9 | 12 |
| Group stage | 8 | 8 |
Once in Russia, each of the 32 teams would be guaranteed a participation fee of $8m. Progressing through to the first knock-out stage boosts the prize to $12m while a quarter-final finish is worth $16m.
In the much-derided third place play-off, $46m will be shared between the two sides with the victor taking home $24m.
Runners-up in the final can console themselves with a $28m prize as the winners enjoy their $38m.
The final round of qualifying for the tournament takes place next month but 22 of the 32 competing nations have been confirmed, while some big names such as the USA and Holland have already failed to make the cut.
Scripted by: Rostrum
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