UEFA Euro 2020 will be played this summer in what will be the first time that tournament matches will be held across mulitple European countries. This move has already been paying off for UEFA who will be making at least 25% more revenue compared to 2016 event. We take a look at how much money will UEFA generate for the UFFA 2020 and how much will be distributed among participating federations.
UEFA are expecting atleast €1 billion in profit for UEFA Euro 2020 which is unprecedented considering UEFA Euro 2016 was a great success and generated around €847 million. So the increase in profit for UEFA means the participating nations and the ones failed to qualify will get bigger pot of prize money allocated for the event. Below is the breakdown of Prize money pot will be distributed among 55 UEFA affiliated nations.
UEFA Euro 2020 Prize Money Pool (Confirmed): UEFA has announced that out of the total €1 billion expected profit €371 million ($456m) will be used as prize money pool which gets a massive 23% increased compared to 2016 event. The eventual winners are expected to take home as much as €35 million and we breakdown the entire prize money pool for the 2020 event.
|Participation Fee||€10 million||For each and every 24 teams|
|Drawing a Group Match||€750,000||For drawing a match in group stage|
|Winning a Group Match||€1 million||Every time a team wins a group match|
|Round of 16||€1.5 million||Awarded to each and every 16 teams|
|Quarter Finals||€2.5 million||Awarded to all eight teams in quarterfinalists|
|Semifinals||€5 million||Awarded to all four teams in semifinals|
|Runner-ups||€7 million||Awarded To Team losing in the final|
|Champions||€10 million||Awarded to Final Winners|
|Max Potential Earning||€27 million||Potential earning for euro 2020 winners can reach €35m|
History of UEFA Euro Prize Money increase: As far as the history of the UEFA Euro prize money is concerned, it has increased every time over the last 20 years. Below chart shows how steadily prize money is increasing for the 2nd biggest football tournament in the world.