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.
UAE Team Emirates rider achieves third on Itzulia Basque Country opening day
Pogacar wins third Flanders crown but faces fine for running red light
Thuram and Martinez star as Inter dismantle Roma
Silva to exit Man City at end of season, assistant manager confirms
Penalty heroics help Leeds beat West Ham to reach FA Cup semis
