The prize money reflects the income gap between the women’s and men’s games
London- The women’s European Cup prize money will be doubled, but it is still lower than 4% of the prize money of the same men’s championship held this year.
The 24 teams participating in this year’s Men’s European Cup shared 371 million euros (435 million U.S. dollars) in UEFA cash prizes, while the clubs that contributed players received a guarantee of at least 200 million euros (235 million U.S. dollars).
European football governing body UEFA announced today that the 16 women’s teams for the 2022 European Cup that will be held in England will share 16 million euros (19 million US dollars). The club that releases the player will receive 4.5 million euros (5 millions U.S. Dollars).
According to the decision of its executive committee, UEFA stated that it will “ensure that more funds are allocated in women’s games than ever before”. Florence Harden (general manager of the French Football Association), is the only member of the committee. There are 19 men.
This means that while at least 571million euros (US$670 millions) will be used to finance the men’s tournament’s financial plan, only 20.5million euros (US$24million) will be used to fund the women’s tournament.
The income gap between men’s and women’s competitions is reflected in the prize money.
After a one year delay, the Women’s European Championship will take place in England in July.
The 2018 Men’s World Cup prize money was US$400m. US$38 million was spent to win the French team.
FIFA has been criticised for its inequalities in financial resources between women’s and men’s football.
The 2019 Women’s World Cup distributed $30 million among 24 teams. $4 million went to the American player who won the tournament for the second consecutive year.
FIFA will increase the total prize money for the 2022 Men’s World Cup to 440 million U.S. dollars, and is considering doubling the 2023 Women’s World Cup prize money to 60 million U.S. dollars, which will be expanded to 32 teams by then.