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Lionel Messi’s Argentina are the defending champions of the FIFA World Cup after winning the tournament in Qatar in 2022
FIFA says it is in discussions with national football associations to increase prize money for all 48 teams participating in the World Cup.
In response to requests by European teams to increase prize money and to assist with costs associated with their participation this summer in the World Cup, the world governing body is set to fulfil those wishes, it said on Sunday.
The proposal must be approved at Tuesday’s FIFA Council meeting, being held before the 76th FIFA Congress in Vancouver, Canada.
FIFA announced in December a record World Cup prize fund of $ 727 million, with the winning team taking home $ 50 million and each team receiving at least $ 10.5 million. Since that December announcement, FIFA and national associations have engaged in talks and aim to resolve the issue.
UEFA, European football’s governing body, contacted FIFA after hearing from several of its member associations regarding the costs of participating in the World Cup, including travel, operations and taxes, particularly in the United States. Canada and Mexico are the other host countries.
FIFA said the prize money on offer is set to increase, with the world governing body projected to surpass $ 11 billion in revenue in the current four-year cycle of 2023 to 2026.
The World Cup will run from 11 June to 19 July.
