The prize money for this year's 32-team Club World Cup to be held in the US between June 14 -July 13 will be $1 billion (AED 3.67 billion), soccer's governing body FIFA said on Wednesday.
With $2 billion (AED 7.35 billion) expected in revenues, FIFA reserves will remain untouched and some of the money generated will also be dedicated to club football around the world, FIFA president Gianni Infantino added in a statement.
"FIFA will not keep a single dollar," he said.
All clubs will receive a participation fee for entering the group stage along with performance fees based on results.
The UAE’s Al Ain are one of the 32-teams competing in the tournament, being held in the United States in June. The UAE side will face Juventus on June 19 before taking on Manchester City on June 23.
Rybakina overpowers Andreeva to set up Stuttgart final with Muchova
Wolves on brink of relegation after 3-0 defeat to Leeds
Leno saves Fulham in goalless West London derby at European hopefuls Brentford
Rahul and Stubbs steer Delhi past Bengaluru in thrilling IPL contest
Sarfaraz named Pakistan's test coach for Bangladesh series
