2/26/2018 9:58:17 PM (GMT+3)

UEFA hike prize money for Euro 2020

UEFA hike prize money for Euro 2020

Bratislava, Slovakia: Record prize money for EURO 2020 and record grants for the development of the game in Europe were announced at the 42nd UEFA Ordinary Congress here on Monday, as 55 member associations were informed of the decisions taken by the Executive Committee on the eve of the Congress.

The HatTrick V solidarity and development programme has been earmarked to receive €775m in its next four-year cycle, from 2020–24, the UEFA said on their website.

This represents an increase of almost 30% from the €600m available for HatTrick IV (2016–20).

Each association will therefore be able to receive up to €14.1m over four years. The programme has supported UEFA member associations in implementing education and development programmes, as well as financing football infrastructure – helping to build pitches, stadiums, training centres and headquarter offices. Since its creation in 2004, HatTrick has invested €1.8bn in European football.

A substantial increase in the amount distributed to the teams participating in the final tournament of UEFA EURO 2020 was also approved by the Executive Committee.

The 24 national teams will share a total of €371m compared with the €301m distributed at EURO 2016 in France.

Pic courtesy: UEFA