The 16th edition of UEFA’s most prestigious international competition, Euro 2020, has not only delighted and enthralled thousands of spectators around the world, but it has also delivered significant cash benefits to the 24 competing teams.
For members of Roberto Mancini’s Italy side, defeating England on penalties to win the country’s first international honour since 2006 is likely to be sufficient recompense. Total prize money for the Euro 2020 champions was €34 million, including €10 million for winning the final on Sunday night. Each player will be in line to receive the prize money, which is calculated at 250,000 euros for each squad member.
The agreement comes after Italy received 99 million euros for their participation in the competition, according to Gabriele Gravina, the head of the Italian Football Federation. Individual rewards of 180 million Liras (approximately 90,000 euros) were made to the 2006 World Champions representing Italy, while the 1982 World Cup squad received individual pay-outs of 250,000 euros.
Meanwhile, England was paid €30.25 million in total prize money for finishing second, including €7 million for losing in the final. A €9.25 million participation fee will be paid to each of the 24 teams. The prize fund for the competition has been increased by UEFA to €371 million, a major increase above the previous year’s prize pool of €304 million.
Qualifying for the round of 16 adds €2 million to the pot, while qualifying for the quarter-finals adds €3.25 million. A semi-final berth is worth €5 million on the day, while the losing finalist is worth €7 million. The runner-up England team will donate prize money earned during their historic journey to the European Championship final to a charity affiliated with the National Health Service. The National Health Service (NHS) is the umbrella term for the UK’s nationalised healthcare system.
