Stella Dimoko Korkus.com: How World Cup Money Is Shared

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Monday, July 14, 2014

How World Cup Money Is Shared


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.culled

27 comments:

  1. All ths money they are sharing - there is God ooOoooooooooooo

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    Replies
    1. Ђåª•ђåª•ђåª♒ ...‎​ don't mind them joor.

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    2. My problem is not even the money they are sharing @Stella...my problem is, that German Goal keeper(Manuel Neuer), the guy was giving me the hypes - u know'...the was he colonized the whole box-18, runs out to even snatch ball from opponent feet sef was classic. That's my kinda guy o, so i was still admiring him on TV when 1 useless girl (probably his girlfriend) came out from the spectators side, jumped into d field and started hugging/taking selfies with him...e just break my heart sha.

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    3. Haaahaaa @Barbie you are a clown! My tummy is now aching with pains from laughing @ ur comment!

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  2. "Cameroun, Ghana and Nigeria were distracted by payment issues", Africa I hail thee.

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    1. Do u mind them, africa is so money thirsty n greedy, never knew they are paid to appear n here they are finding it difficult to pay these boys. Smh

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  3. Ok....good mornin err1 n av a good day/week

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    1. Hey madam, good morning to you too. Hope your weekend was a blast.

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    2. It was dear...how's your handsome prince? remember I don book tay tay o

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    3. Good morning my neighbours!!!

      Abigail darlyn! I hail thee back.
      Hope you had a beauriful weekend?

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  4. And no money for the viewers @ home.. not fair. Stella 2 think that u almst had HBP 4 ur country yesterday

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  5. Very interesting. These footballers are balling big time. Ekere na-enye money.

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  6. The vast amounts of money generated by football...! Maybe I should start considering a career change #thinkingseriously!

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  7. O ga o my son must play football #thatisall

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  8. Thanks for this post Stella, cos I've calculated and wondered how they go about the money. Unlike Kermit, this one is my business! Oh and btw Herzlichen Glückwunsch! I'm proud of Ozil, Poldoski and Mertesacker #GoonerGang!

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  9. Hahahahahaha, na real no money for the viewers @ home. Money dey football.

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  10. #Memo to Chioma Edeme#
    I didn't pay much attention to your birthday post till you dropped your nasty comment on Warebi's birthday post and I went to peruse yours. I've got NEWS FLASH for you: you are just THERE!!!!! Nothing "drooling" about you. Remove the log in your eyes before trying to remove the speck in another (Matthew 7:3).

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  11. sdk bouncer, my alobam
    come forth biko, Germany case no reach for you to go on indefinite strike abeg.
    xoxo

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    Replies
    1. Lol...@pipi lee my dearest comrade!

      Our greatest fear has turned to reality ooooooooo#Can'tWatch

      Where do we run to now especially now N.Dr Agwoturube has sold his shrine???

      #YourLegacyLivesOnProfDoraAkunyili*7/6/14
      *Prayer For Nigeria in Distress x10 Daily*

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  12. a.k.a EDWIN CHINEDU AZUBUKO said...
    .
    God make me a footballer, thats all i ask of yu.....
    .
    .
    ***CURRENTLY IN JUPITER***

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  13. was wondering if Nigerian Players could also show love and affection the way the German players were doing to their family n girlfriends on national.
    Absolutely Impossicant

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  14. Who say money no good..

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