Euro 2024: UEFA sets $360 million prize fund for 24 national teams from revenue of $2.6 billion

The team prize fund is in line with the pandemic-delayed Euro 2020 and 20 times more than UEFA’s prize fund for the women’s Euro 2022.

REPRESENTATIVE IMAGE: UEFA previously said it allocated 140 million euros to be shared by clubs releasing more than 550 players needed for the Euro 2024 tournament. | Photo Credit: REUTERS

UEFA said on Saturday it will pay 331 million euros ($360 million) in total prize money to the 24 national teams at the men’s European Championship that is expected to earn about 2.4 billion euros ($2.61 billion) in commercial revenue.

The team prize fund is in line with the pandemic-delayed Euro 2020 and 20 times more than UEFA’s prize fund for the women’s Euro 2022.

The national federation of the Euro 2024 title winner can get a maximum of 28.25 million euros if the team wins all three games in the opening group stage, the European football body said ahead of the tournament draw.

Each of the 24 teams gets a minimum of 9.25 million euros for playing at the month-long tournament in Germany that starts on June 14.

Clubs will share a further 240 million euros from UEFA for releasing their players for national-team duty. They get a daily rate of several thousand euros per player while they are with national teams for qualifying games and at Euro 2024 itself.

FIFA paid prize money of $440 million to the 32 men’s teams at the 2022 World Cup, four times more than the $110 million shared among 32 women’s teams at their 2023 World Cup.

The Euro 2024 winner will be paid more than the total 16 million euros prize money fund for the 16 women’s teams that played at Euro 2022 in England. The women’s event has separate commercial deals to the men’s.

England won its home women’s tournament last year and got just over 2 million euros in prize money. UEFA’s fund to reward women’s clubs for releasing players was 4.5 million euros.

UEFA previously said it allocated 140 million euros to be shared by clubs releasing more than 550 players needed for the Euro 2024 tournament.

The remaining 100 million euros in the player release fund is distributed according to call-ups for all national teams for qualifying games and two editions of the Nations League.

The UEFA fund for men’s player release from Euro 2020 revenue was 200 million euros in total and nearly 700 clubs got a share. Chelsea’s 5.1 million euros payment was the highest.