sports
Fifa agrees to increase World Cup prize money after countries raise concerns over costs
Extra funding to be approved by Fifa Council this week
TL;DR
- Fifa to increase World Cup 2026 prize money and participation fees.
- Concerns raised by national associations about high travel, operational, and tax costs in the US.
- Development funding for all 211 Fifa members will also be increased.
- Fifa projects record revenues of $13 billion for the four-year cycle, with $9 billion from the 2026 World Cup.
- National associations must pay varying federal, state, and city taxes on earnings due to lack of Fifa-negotiated exemptions.
- European associations, including the English FA, had petitioned Fifa to increase the prize fund.