FIFA announced a new financial distribution for the 2023 Women’s World Cup hosted by Australia and New Zealand.
On Thursday, the world football governing body finalized a ground-breaking model of financial contributions to the member associations. Under this model, all players are guaranteed to earn at least $30,000 at the 2023 Women’s World Cup. The winners of the tournament will bag $270,000, a significant increase to the prize money earned in the previous edition in France.
FIFA described the initiative as a concrete step taken towards the growth of women’s football and ensuring players receive a fair deal of their achievement. A commitment they hope to set across the industry. Earlier, FIFA President Gianni Infantino announced the increase in the prize money for the competition and also reach equal pay for women athletes within four years.
The global player council or FIFPRO is also pleased with the steps taken by FIFA in establishing this guaranteed player payment mechanism. The key for the model is that it is universally applied adhering to what the female players demanding for. In addition, the total budget for the investment done by FIFA in the 2023 Women’s World Cup Australia and New Zealand will exceed $500m.
Must Read | 2023 FIFA Women’s World Cup Info and Features
Participating Member Association Allocation (Per PMA)
Round of 16
Financial Allocation (Per Player)
Round of 16
The 32 nations are assured a pay of $156m for qualifying to the 2023 FIFA Women’s World Cup and just being in the group stages of the tournament. Hence, each participating team will receive financial gains for their achievements. The sum will increase as they move further into the competition. The winning member association will pocket $429m after the final on 20th August 2023. The same goes for the players with the base payment for them being $30,000. The prize money for the champion team is $270,000.
The prize pool in this edition is way more than the $49m in 2019 with the winners' share being just $4m back then. However, the new financial model is still a lot behind the prize money handed out in the men’s World Cup. The new pot is just 25% of the $440 million the male counterparts received in 2022. FIFA also guaranteed $31m is for the preparation fund and $11m in club benefits but neither comes close to the $70 million in preparation costs and $310 million in club benefits taken by the men’s side. The prize money gap will take time to fill in for an equal stage but the steps taken are certainly an improvement and shows the rise of the women’s game.