UEFA announces cash prizes for Euro 2024 participants

HAMBURG-. The UEFA said Saturday that it will pay €331 million ($360 million) in prize money to the 24 nations participating in next year’s European Championship and is expected to generate €2.4 billion ($2.61 billion) from commercial rights.

The award fund is adjusted to the delayed Euro 2020 due to pandemic and is 20 times greater than the prize awarded by the UEFA in the Women’s Euro 2022.

The federation of the Euro 2024 winning country can receive a maximum of €28.25 million if the team wins its three group stage matches, European football’s governing body said before the draw.

Each of the 24 teams will receive a minimum of 9.25 million for playing at least the group stage of the tournament that lasts one month and begins in Germany on June 14.

Clubs will share an additional €240 million ($261.4 million) from UEFA for loaning their players for international duty. Teams currently receive thousands of dollars a day per player who participates with their team in Euro 2024 qualifying matches.

FIFA paid 440 million dollars to the 32 teams that participated in the 2022 World Cup, four times more than the 110 million that were distributed to the 32 nations that were in the 2023 Women’s World Cup.

The Euro 2024 champion will earn more than the €16 million 16-team Women’s Euro 2022 fund in England. The women’s event has a separate commercial agreement to the men’s event.

England won last year’s women’s tournament and received just over €2 million. UEFA’s fund for clubs that loaned players was €4.5 million.

Previously, UEFA distributed €140 million to clubs that loaned more than 550 players who were used in the Euro Cup qualifiers.

The remaining 100 million euros of the fund to lend to players will be distributed in accordance with the calls to national teams for the remaining qualifying matches and the two editions of the Nations League.

UEFA’s fund for teams at Euro 2020 was €200 million in total and almost 700 clubs received an amount. Chelsea received the most money with €5.1 million ($5.55 million).