UEFA Euro 2016 prize money increased

Euro 2016 president Jacques Lambert and Gianni Infantino

Euro 2016 president Jacques Lambert and Gianni Infantino

The UEFA Executive Committee held its final meeting of 2015 in Paris on the eve of the UEFA EURO 2016 final draw on Saturday, making decisions on prize money for the finals and more.

Regarding the UEFA EURO 2016, the European football governing body in a statement on its official website confirmed a substantial increase in the amount to be distributed to the participating teams.

The 24 national teams will share a total of €301m compared to the €196m distributed at UEFA EURO 2012 in Poland and Ukraine and the €184m in Austria and Switzerland. Details of distribution are as follows:

All 24 teams will receive a participating fee of €8m. During the group phase there are also performance bonuses of €1m for a win and €500,000 for a draw. Once UEFA EURO 2016 enters its knockout phase, there are no more performance bonuses. Instead, the teams participating in the round of 16 will receive €1.5m, the eight quarter-finalists will receive an additional payment of €2.5m. The financial reward for reaching the semi-finals is an extra payment of €4m.

For the two teams who take the field for the final at the Stade de France in Paris on 10 July, the UEFA 2016 Euro champions will receive €8m while there will be a reward of €5m for the runners-up. This means that, if the winners of the title have also won all three of their group matches, the total prize money they earn will amount to €27m, compared with €23.5m in 2012.