UEFA Doubles Prize Money For Women’s European Championship
Soccer’s European governing body has doubled the prize money for the Women’s Euro 2022 championship after approval by the organization’s executive committee. The 16 participants in the tournament will share 16 million euros, double the 8 million euros that was distributed at Euro 2017 in the Netherlands.
The new distribution model will also include performance-based bonuses for the group stage as well as 4.5 million euros available to European clubs as reward for releasing their players for the tournament.
Uefa has made the change as part of its women’s soccer strategy, Time For Action, intended to ensure more money is distributed across the women’s game. The prize’s money for the men’s continental finals still dwarfs that in the women’s game. At Euro 2020, a total of 371 million euros was distributed in prize money to the 24 finalists.
Euro 2020 was scheduled to be played in 2021, but because of the global health crisis the tournament was postponed for a year. England will host the tournament at 10 stadiums from 6-31 July next year. Wembley Stadium will be the venue for the final.
Nyon will also increase solidarity payments in its men’s club competitions with €175 million made available from the competition revenue for non-participating clubs in the 2021-24 revenue cycle, compared to €130 million in the 2018-21 cycle.
UEFA said the changes reflect its “strong financial commitment to the whole of European football and ensuring greater financial solidarity to a wider spectrum of clubs who do not participate in UEFA club competitions for the 2021-24 cycle. This will reinforce the solid foundation on which the game in Europe is built.”