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Prize Money

FIFA boosts World Cup prize money to $400m

KOLKATA: The 32 national teams competing at the 2018 World Cup will share $400 million (344 million euros) in prize money, a 12 percent increase from the 2014 tournament, FIFA said on Friday. The purse at the previous edition in Brazil was $358 million -- $35 million of which was awarded to champions Germany, with runners-up Argentina pocketing $25 million. By contrast, countries who failed to advance beyond the group stage received $8 million. At a meeting of the FIFA council in Kolkata, world football's governing…

Nobel Foundation increases cash award for prizes

OSLO: One week before the announcement of the 2017 Nobel prizes begins, the Nobel Foundation said on Monday that this year's winners will receive a larger monetary award worth over a million dollars. "The Board of Directors of the Nobel Foundation decided at its meeting on September 14 that the 2017 Nobel Prize will amount to SEK 9 million ($1.1 million, 944.000 euros) per prize category," the private institution based in Stockholm said in a statement. In 2012, the cash award was reduced by 20 percent to 8 million…

Players, management to get Champions Trophy prize money

KARACHI: There was a common impression, or you may call it misconception, that Pakistan Cricket Board (PCB) will take part of the Champions Trophy prize money. But a formula has been devised according to which the PCB will keep no penny from the prize money of 2.2 million dollars which the Pakistan team won along with a glittering trophy. As per the formula the 2.2 million dollars prize money will be divided into 17 shares -- 16 squad players including Wahab Riaz who was replaced with Rumman Raees after suffering…

FIFA earns $4.5bn, Germany to get $35mn

RIO DE JANEIRO: A record amount of winning prize has been awarded to teams in 2014 FIFA World Cup played at Brazil, following is the criteria of the prize money distribution among the winners and the runners ups.