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Fifa increases World Cup compensation to $470m
The Straits Times
|March 29, 2023
Fifa's compensation to be paid to clubs who release players for the men's World Cup has been increased by nearly 70 per cent to US$355 million (S$472.7 million) for the 2026 and 2030 tournaments, the global football governing body and the European Club Association (ECA) said on Monday.
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The Club Benefits Programme affords clubs a share of national team competition revenues in return for releasing players and also protects clubs in case their players are injured on international duty.
The previous amount earmarked for the 2018 and 2022 World Cups was US$209 million. A renewed memorandum of understanding (MOU) was signed on Monday at the ECA General Assembly in Budapest, Hungary.
"We are delighted to have signed this landmark agreement," said ECA chairman Nasser Al-Khelaifi, who is also the chair of Qatar Sports Investments and the president of French giants Paris Saint-Germain.
This story is from the March 29, 2023 edition of The Straits Times.
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