After battling it out with club football champions from around the world over the past nine days, two teams are heading to the final of the FIFA Club World Cup 2023. Reigning European champions Manchester City will face current South American champions Fluminense at the summit. clash. But before we look at the prize money on offer for the winners, let’s take a closer look at the FIFA Club World Cup itself.
First held in 2000, this year marks the 20th edition of the FIFA Club World Cup (the tournament was canceled between 2001 and 2004). Originally known as the FIFA Club World Championship, the competition was renamed the FIFA Club World Cup in 2005.
Under the current format of the tournament, the FIFA Club World Cup is an annual tournament involving seven teams from continental confederations around the world — Asian Football Confederation (AFC), Confederation of African Football (CAF), Oceania Football Confederation (OFC). ), CONMEBOL (South America), CONCACAF (North America, Central America and the Caribbean), UEFA (Europe) and the club side from the host country. However, this is the last time the tournament will follow this structure as it is set to undergo a massive overhaul ahead of its 2025 edition.
Real Madrid is the most successful team in the history of the FIFA Club World Cup with five titles. However, the reigning champions will not be able to defend their title as they suffered defeat in the 2022-23 UEFA Champions League semi-finals against eventual winners Manchester City.
Now that we’ve introduced you to the history and format of the tournament, let’s dive deeper into everything there is to know about the FIFA Club World Cup 2023, including the prize money on offer for the winner, its schedule and venue. to finals and more.
How much is the FIFA Club World Cup 2023 prize money?
According to reports, the total money pool for the 2023 FIFA Club World Cup is a staggering USD 16 million. The bank is divided among all seven participants. In other words, even the worst-placed team in the competition will receive prize money.
From the prize money bank, the winners of the tournament will be richly rewarded with USD 5 million, while the runners-up will receive USD 4 million. The team that finishes third will take home US$2.5 million, while the fourth-place team will receive US$2 million.
The teams that were eliminated in the second round, namely Leon and Al-Ittihad, will be rewarded with USD 1 million. Meanwhile, Auckland City, who were knocked out by Al-Ittihad in the first round of the competition, will take home US$500,000.