2018 World Cup winners to earn $38 million in prize money

2018 World Cup winners to earn $38 million in prize money

- Ahead of this year's FIFA World Cup in Russia, the prize money for the winner of the title has been revealed

- The last team standing at the tournament will cart away a sum of $38 million while the runners up will go home with $28 million

The winners of the 2018 edition of the FIFA World Cup in Russia will go home with nothing less than $38 million (£28 million) after the tournament ends in mid-July.

This year’s edition of the championship kicks off on Thursday, June 14, with host nation Russia battling Saudi Arabia for their first three points of the competition.

According to the Associated Press, the world football governing body, FIFA in October increased the overall prize money for the tourney to $400 million (£297 million).

READ ALSO: USA, Canada and Mexico win bid to host World Cup 2026

Nigeria and the remaining 31 countries will be given $8 million (£6 million) each for their appearance fees for the competition, the same amount that participating teams got at the last edition in Brazil.

Meanwhile, teams that fail to progress beyond the round of 16 stage at this year’s edition will earn $12 million (£9 million).

FIFA are said to have paid all qualified countries $1.5 million preparation fees, while the first 16 teams that will crash out at the group stage will earn $8 million.

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Teams that crash out of the tournament in Russia at the quarterfinal stage will earn $16 million (£11.9 million) while the those finishing third and fourth get $24 million (£17.8 million) and $22 million (£16 million), respectively.

The silver winning country will cart home a stunning $28 million (£20.8 million) - $10 million lesser than the ultimate money for the championship.

Germany are the defending champions are they were awarded $35 million in prize money for winning the 2014 of the tourney.

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Argentina will be paid $25 million for finishing as runners-up in 2014, while each of the 32 nations that reached the finals in Brazil have earned at least $8 million.

NAIJ.com earlier reported that Nigeria’s Super Eagles will kick off their campaign at the 2018 FIFA World Cup in Russia against Croatia at the Kaliningrad Stadium on Saturday, June 16.

The three time African champions are in Group D alongside Argentina, Croatia, and Iceland in this summer’s event kicking off on June 14.

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However, the 2013 AFCON kings are rated 19th most expensive squad in the competition as they are valued at £115.1 million ($154 million).

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Source: Naija.ng

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