Euro 2024 prize money is one of the most desired things of the tournament. Aside from the joy of winning the championship, while lifting the prestigious trophy, money is also a big desire. The Championship kicked off on the 14th of June. Host nation Germany began the tournament with a bang, by defeating Scotland 5-1. The first match was hosted at the Allianz Arena.
After several progressions in the tournament, raging from group stages to the knockout, the final has arrived. Spain and England having skipped passed all the possible hurdles now challenge for the remarkable Trophy and its prize.
Both teams are meant to meet at the Olympiastadion in Berlin on the 14th of July. The value of the Trophy is a big motivation for the teams. And a team that’s worthy of defeating all odds is worthy of the payout approaching €30 million.
These odds are the group stages and 4 knockout phases including the final. Notwithstanding other teams who participated will go home with a certain bonus from UEFA. This is a compensation for being involved in the tournament.
Euro 2024 Prize Money: The Amount to be Earned
All Teams playing at the European Championships will get something out of the Euro 2024 prize money. However, the value of their earnings will not be the same. Their earnings will be equivalent to their success at the tournament.
The highest value of the Euro 2024 prize money that a team can win is €28.25 million. This is also equivalent to $30.43 million. The money will be received if They will earn that sum if they can secure 9 points in the group stages. This by winning all of their 3 group games
Euro 2024 Prize Money Analysis
The overall amount of the Euro 2024 prize money is around €331 million. This is equivalent to $357 million. The money was also the same amount used for the 2020 European Championships.
Below is the distribution of the Euro 2024 prize money
Tournament progress Prize money in € ($ approx.)
Participating team 9.25m ($9.96m)
Match bonus: Win 1.0m ($1.07m)
Match bonus: Draw 0.5 ($0.53m)
Qualification to Round of 16 1.5m ($1.62m)
Qualification to quarterfinals 2.5m ($2.69m)
Qualification to semifinals 4m ($4.3m)
Runners-up 5m ($5.4m)
Winners 8m ($8.6m)
Euro 2024 Prize Money of players
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Various national teams are expected to have an agreement with their players on how much percentage they are expected to get.
National team players normally do not earn weekly salaries as they do in their respective clubs. Notwithstanding they are still entitled to earn a significant amount of money based on their performance for the Country. This performance for the country can based on tournaments or friendlies.
A typical instance is how much was allocated for the English players during the 2022 FIFA World. In the Qatar World Cup, England players were set to earn over $500,000 each if they won the tournament. Unfortunately, they were evicted in the quarterfinal by the eventual runners-up France
Comparison of the Men’s Euro 2024 Prize Money to the Women’s
The Euro 2024 prize money set to be given at the Women’s Euros hasn’t been announced. The tournament is set to place in Switzerland. The Women’s prize money given out in the 2022 Women’s Euros was revealed to be lower than the Men’s.
UEFA had increased the prize money of the Women’s Euros by two folds. The 2022 Women’s Euros that was won by England’s host nations saw all the teams share about €16 million. This money in dollars is equivalent to $17.24 million. The figure is just around 4.3 percent of the men’s Euro 2024 prize money
2022 FIFA World Cup Winners Prize Money
FIFA announced in April 2022 the 2022 World Cup champions hosted in Qatar will earn $42 million. However, the 2018 World Cup hosted in Russia saw the Winners receive $38 million. This increase in payout has been a trend over the past 40 years
Before the 2006 World Cup in Germany, the winners of the previous World Cups took home over $10m. To an interesting surprise, the 1982 Champions Italy earn $2.2m for their performance.
At the Korea-Japan World Cup in 2002, a big nudge was given to FIFA by the national teams. This was to make FIFA increase the World Cup prize money. there was a big push from national teams. And ever since, there have been significant changes.
