This year’s FIFA World Cup 2022 will be different from any other World Cup. It will take place in Qatar during the winter days and with appropriate temperatures. As you know, every year, the prize increases from the previous as sponsors pay more and sponsor’s prize will also be much more. Undoubtedly, the 2nd edition of FIFA World Cup in Qatar will be the biggest sporting event in the world as nations from all continents fight to get the chance to participate in this quadrennial event to win the ultimate prize.
The FIFA world Cup will start from November 21th to December 18th and is set to be host in 8 stadiums located in 5 different cities; all stadiums were built especially for the tournament. It is the first time such finals will be held in the Middle East and guess what is the prize? Unlike the previous World Cups, this year, FIFA has announced a total prize money fund of around $1 billion and this is considered a massive increase of around 29% than the FIFA World Cup Russia 2018 which was awarded around $400 million.
32 teams 5 to 6 confederations will take part in the contest to find out the winner of the 2nd World Cup. The teams in the tournament are highest than any previous World Cups. The $1 billion prize of which $440 million will be distributed by FIFA to the qualified 32 teams according to how they finish in the world cup. The rest of the amount which is $660 million will be given to the federations who failed to qualify for the world cup as a kind of solidarity payments.
The $1 Billion Prize Money Distribution System of FIFA’s World Cup 2022:
The $1 billion Prize Money Fund will be divided into 4 payment segments listed as the following:
- World Cup 2022 Prize Money ($440 million)
- Insurance Fee and Club Protection ($220 million)
- Club Benefit Program ($310 million)
- Preparation Payments ($70 million)
It is worth mentioning that FIFA signs 4 years agreements with several events for their TV and sponsorship broadcasting in order to make the prize money fund. Also, FIFA signs for big TVs and live streaming for all major competitions. Doing so increases their revenue for the prize money.
How is the Prize Distributed Among Teams?
The prize money is distributed by referring to two main payment structures.
- Security Fee: It is a guaranteed participation fee that is paid to each qualified nation.
- Performance Based Payments: The higher the team finishes during the 2022 World Cup, the more prize the team is going to receive.
List of Prize Money for the Qatar 2022 World Cup
|Champions (winner)||$45 million|
|Runner Up||$32 million|
|3rd Place||$26 million|
|4th Place||$22 million|
|Quarterfinals Losing Teams||$16 million (for each team)|
|Round of 16||$12 million (for each team)|
|In the Group Stages||$8 million|
|Participation Fee (for all 32 qualified teams)||$2.5 million|
|Insurance fee of players||$134 million|
|Payments to parent clubs of player by player||$209 million|
As stated by the abovementioned statistics of reward amount, the eventual winners of the World Cup will receive up to $47.5 million where in the last time, the champion team got $35 million. Other eliminated teams would receive guaranteed $10.5 million.
According to the news, the upcoming World Cup prize money may increase 22% than the last time, so the prize would reach around $700 million. Still, there are many prize details which are not yet revealed such as payment to parent clubs of player by player, insurance fee, rewards and etc. However, if one considers the increasing of the amount according to same rates, then obviously one can assure it would grow heavier.
Who Sponsors FIFA World Cup 2022 Prize Money?
FIFA has several sponsorship tiers like Regional Sponsors, FIFA Partners, and FIFA World Cup Sponsors. FIFA expects to increase the overall income of the sponsorship by separating the men’s branch from the esports and women’s branch.
- Nubank [Financial Services] South America
- QNB Group [Financial Services] | Africa and Middle East
- Claro [Telecommunications] | South America
- GWC [Supply Chain Solutions] | Africa and Middle East
- UPL OpenAg [Agrochemical] | South America
- Frito-Lay [Snack Food] | North and Central America
- Ooredoo [Telecommunications] | Africa and Middle East
- The Look Company [Visual Engagement Solutions] | North and Central America
- Algorand [Blockchain] | North America and Europe
- Visa | Financial Services
- Adidas | Sportswear
- Qatar Energy | Oil and Gas
- Coca Cola | Beverage
- Qatar Airways | Airline
- Wanda Group | Conglomerate
- Kia/ Hyundai Motors | Automotive
FIFA World Cup Sponsors
- Vivo | Consumer Electronics
- Budweiser | Alcoholic Beverag
- Budweiser | Alcoholic Beverage
- Mengniu Dairy | Dairy Products
- Crypto.com | Cryptocurrency Platform
- McDonald’s | Restaurants and Real estate
- Hisense | Electronics and Home Appliances