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.
Messi becomes first to win MLS Golden Boot in consecutive seasons
Norris on pole in rain-hit Brazil for third year in a row
Real Madrid sweep aside Valencia to move level with Barcelona
Rybakina pulls out of WTA Finals due to fitness concerns
Egypt part ways with coach Hassan, Maher to replace him
