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FIFA announces Confederations Cup total prize pool to be $20mln

November 25, 2016, 13:21 UTC+3
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MOSCOW, November 25. /TASS/. The total prize pool of the 2017 Confederations Cup, due in Russia, is $20 million, FIFA said in a press release on Friday.

"The winner of the final, which will take place in Saint Petersburg on 2 July 2017, will receive $4.1mln, with the runner-up taking home $3.6mln," the document reads. "Three million dollars awaits the third-placed team, while the other semi-finalist will receive $2.5mln."

"Each of the four teams that do not advance beyond the group stage will receive  $1.7mln," FIFA said.

The 2017 FIFA Confederations Cup will be held between June 17 and July 2 at four stadiums in Russia and they are Otkritie-Arena in Moscow, Zenit-Arena in St. Petersburg, Fisht in Sochi and Kazan-Arena in Kazan.

Seven nations have already qualified for the 2017 Confederations Cup and they are hosts Russia, 2014 FIFA World Cup Champions Germany, 2015 Copa America Champions Chile, 2015 AFC Asian Cup Champion Australia, 2015 CONCACAF Gold Cup winners Mexico, 2016 UEFA Euro Cup winners Portugal and OFC (Oceania Football Confederation) Nations Cup winners New Zealand. The remaining eighth nation will be determined following the 2017 Africa Cup of Nations.

The Draw for the 2017 FIFA Confederations Cup will be held on November 26 in the city of Kazan.

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