Oct 15, 2013; Panama City, Panama; United States player Sacha Kljestan carries the ball during the second half of their 3-2 win over Panama at Estadio Rommel Fernandez. Mandatory Credit: Winslow Townson-USA TODAY Sports

FIFA announces prize money to be increased for 2014 World Cup

FIFA general secretary Jerome Valcke announced on Tuesday that the prize money at the 2014 World Cup in Brazil will be over a third more than what was handed out at the 2010 World Cup in South Africa.

$420 million was the overall amount available in 2010. Next year the overall prize money will be about $560 million. The winner of the 2014 World Cup will also receive about $10 million more than what Spain was awarded for winning in 2010.

Valcke offered some details about the increase in prize money but also said the specifics would be announced on Wednesday:

There will be a large increase of at least 33 per cent if you compare (the prize money) with the last World Cup, but this figure will be confirmed after the finance committee meets on Wednesday. Also, there will be around $70 million available to the clubs who provide players for the teams in the World Cup, higher than last time as well (Reuters).

In other World Cup news, FIFA unveiled the new ball that will be used.

[Source: Reuters]

Tags: 2014 World Cup Brazil FIFA

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