FIFA President announces 300% increase in Women’s World Cup prize money

FIFA, the world governing body for soccer, has announced an increase in prize money for the 2023 Women’s World Cup, set to be held in Australia and New Zealand. The tournament will see a significant increase in prize money, from $30 million in the previous edition to $60 million. The winning team will
receive $12 million, up from $4 million in 2019.

The increase in prize money is part of FIFA’s efforts to support the growth of women’s soccer and promote gender equality in the sport. The announcement has been met with widespread approval from players and fans around the world.

The prize money for the Women’s World Cup is still significantly less than the amount awarded to men’s teams in the men’s tournament. In the 2018 Men’s World Cup, the prize money was $400 million, with the winning team receiving $38 million. However, the increase in prize money for the Women’s World Cup
is a positive step forward for the sport and shows FIFA’s commitment to promoting gender equality.

The Women’s World Cup is one of the most important events in women’s soccer, and the increased prize money will help to attract top talent and further raise the profile of the sport. The tournament is set to take place from July 10 to August 20, 2023, and will feature 32 teams from around the world.

Staff Reporter