LEIPZIG, Dec 6: The winners of next year’s World Cup final will scoop 24.5 million Swiss Francs ($18.75 million) as part of a total prize pool of 300 million Swiss Francs ($229.5 million) for the tournament.

FIFA announced on Tuesday that the 32 teams taking part will be guaranteed at least six million Swiss Francs ($4.59 million) each in prize money.

The eight teams beaten in the second round will get 8.5 million Swiss Francs ($6.5 million) and the four defeated quarter-finalists will get 11.5 million Swiss Francs.

The two beaten semifinalists will each get 21.5 million Swiss Francs ($16.45 million), with no cash incentive for winning the third-place match.

The beaten finalists on July 9 in Berlin will be almost as richly rewarded as the winners with 22.5 million Swiss Francs on offer.

FIFA is also offering generous expenses to the teams appearing at the finals, which begin on June 9.

Each qualifying national association will receive one million Swiss Francs ($765,100) before the tournament to cover preparation costs.

FIFA is also covering accommodation costs for players and team officials at the tournament to the tune of 400 Swiss Francs ($306) a day for 45 people.

—Reuters