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The 2024 European competition begins in a few days, and we take a look at how much teams and players will earn during the tournament.
In five days, the Euro 2024 competition will begin, with Germany will serving as the championship's host nation.
The previous Euro was a unique tournament which was played across Europe, with the final being played at Wembley Stadium and Italy beating England to win the tournament.
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With the tournament in Germany set to begin on Friday, here is how much the players and teams will earn during the competition.
How much money national teams and players earn at the European Championship?
According to Marca, participating players in the European Championship are not paid a set sum of money for their participation.
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However, while the players are compensated for their participation in the competition, it is not the same as their club's regular income.
For the 24 participating teams' squad members to receive payment for competing in the competition, a deal with their respective federations must be reached.
There are two forms of payment received by the players, which are per diems and bonuses. Per diems are typically paid based on the quantity of days that the player spends "away from home," or in training, while performance is what determines bonuses.
If the German national team, which is hosting the European Championship this summer, wins, each player will receive 400,000 euros.
For the national teams, we have done a breakdown of how much each country earns at the European Championship.
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The funds allocated for winning and qualifying for the European Championship in Germany are the same as those allocated for Euro 2020.
The following is how that money will be distributed:
- For participation: 9.25 million euros
- Match bonus: 1 million euros for a win and 500,000 euros for a draw.
- Qualification for the round of 16: 1.5 million euros
- Qualification for the quarter-finals: 2.5 million euros
- Qualification for the semi-finals: 4 million euros
- Finalist (loser of the final): 5 million euros
- Champion: 8 million euros
The maximum cash prize that the winner of the Euro can receive is 28.25 million euros.
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