The prize money for the 2018 FIFA World Cup is set to increase by 12 percent, to reach $400 million, soccer’s international governing body said on Friday.
The FIFA Council passed the measure during a meeting held in Kolkata prior to the FIFA Under-17 World Cup final scheduled played last Saturday.
“FIFA’s strategic body approved an increase in the prize money for the 2018 FIFA World Cup Russia to a total amount of $400 million – 12 percent up from the $358 million awarded at the 2014 edition,” FIFA announced on its website.
At a press conference following the meeting, FIFA president Gianni Infantino considered the increase a positive signal of financial health ground for FIFA, compared to the federation’s situation two years ago.
The council also approved the enhanced Bidding Regulations for the 2026 FIFA World Cup, ratifying the decision taken by the Bureau of the Council on Sept. 6.
Infantino said these rules were a milestone not only for FIFA but also for the international sports world, after the corruption scandal that recently rocked the organization.
In addition, the schedules for the Women’s World Cup France 2019, which will take place between June 7-July 7, as well as the Women’s U-20 and U-17 World Cups were approved during the meeting.
The Women’s U-20 World Cup will be held between Aug. 5-25, 2018, while the Women’s U-17 tournament will take place between Nov. 13-Dec. 1, 2018.
The United Arab Emirates is set to host the 2018 Clubs World Cup between Dec. 12-22.
Some teams have already booked their tickets for the 2018 FIFA Mundial to join host Russia and notable amongst them are;
Brazil, Argentina, Uruguay and Columbia from CONMEBOL.
Egypt and Nigeria from Africa.
Germany, England, Portugal, France, Belgium, Poland, Spain and Iceland from Europe
Japan, Iran, Saudi Arabia and South Korea from Asia.
Mexico, Costa Rica and Panama from CONCACAF.
All others yet to qualify will determine their status in the second and third weeks of November when the final group games and play-off take place respectively.