A total of 32 nations will compete to become the champions of the FIFA World Cup 2018. It will be hosted in Russia across the 11 cities. Russia being the hosting country automatically gets qualified for the same, and till now 23 other teams got qualified. The FIFA World Cup 2018 will begin on 14th June 2018 and finish on 15th July 2018 when we will get the new football champion. The opening match on 14th July will be played by Russia.
The prize money of the 2014 world cup was $576 million, this time the prize money is 22 % higher than the last time. Below is the table showing the distribution of the prize money and the comparison between the expenses done in 2014 and 2018.
Prize Money fixed for FIFA World Cup Russia
Here is the full structure which FIFA officially set as the prize money for Winners, Runners-up and group stage winners for World Cup 2018 below.
|Stages||2014 World Cup||2018 World Cup||Remarks|
|Preparation Fees||$1.5 Million||$2.5 Million||32 Qualified teams|
|Group Stage Fees||$8 Million||$10 Million||16 eliminated teams|
|Round of 16||$9 Million||$12 Million||8 eliminated teams|
|Quarter Final||$14 Million||$18 Million||4 losing teams|
|4th Place Team||$18 Million||$25 Million||One team|
|3rd Place Team||$20 Million||$32 Million||One team|
|Runners Up||$25 Million||$40 Million||One team|
|Winners||$35 Million||$50 Million||One team|
|Player Insurance Fee||$100 Million||TBA|
|Payment to parent clubs player by player||$70 Million||TBA|
The expected cost in the 2018 FIFA World Cup is around $700 million with an increased amount of 22 % in comparison to the last time. The prize money got increased by a relatively high rate as the runners-up will get $40 million in comparison to the last year’s $22 million and the winners will get $50 million in comparison to $35 million of 2014 edition.
The player insurance fees were $100 million, and payment to parent clubs player by player was $70 million in the 2014 edition. The amount in 2018 is not yet declared, but with the pattern of increased rates, it is expected to be raised to a high margin too.
FIFA is one of the most significant sporting events in the world. It is commenced in every four years. The FIFA World Cup is being watched by billions of people around the word and thus, earns top revenue from different options like broadcasting rights, advertisements, tickets, etc.
During the last FIFA edition, it claimed to earn almost $4.8 Billion whereas the expenses were near about $ 3 Billion. So we can easily find out how much profit FIFA earns from every event. Thus, even by increasing the costs by 22 %, the margin of profit is not going to affect, as every year the net earning is going to grow at a higher rate.