England will host the women’s tournament for Euro 2022, wherein Europe’s elite women’s nations compete for gold. And UEFA has announced the new and improved prize money. Among other news in football today, UEFA have doubled the prize money for Women’s Euro 2022, that England will host.
After UEFA announced that they’d double the prize money for the most lucrative Women’s European Championship yet, Euro 2022.
The governing body of European football announced that the prize fund for next year’s showpiece event would be €16 million.
So, they’ve effectively increased the prize money from the €8 million they offered at Euro 2017, the event’s previous edition.
UEFA Have Doubled the Prize Money for Women’s Euro 2022
At a meeting in Chisinau, Moldova, UEFA’s executive committee approved the “substantial increase” in the women’s Euro 2022 monetary reward.
“The financial distribution will include increased guaranteed amounts and performance-based bonuses for the group stage,” UEFA said in a statement on Thursday.
The statement also added that UEFA have set aside €4.5 million. This fund will help financially compensate European clubs whose players participate in the tournament for the release of their stars.
UEFA stated: “The increases in financial distributions and introduction of a club benefits programme are key strategic initiatives of UEFA’s women’s football strategy, TimeForAction, ensuring that more money than ever before is distributed across the women’s game.”
Previously, the Netherlands won the Euro 2017 championship after defeating Denmark in the final in Enschede.
UEFA’s move comes as FIFA considers holding a Women’s World Cup every two years (the football news related to this issue).
But this is a concept that England’s new head coach for women, Sarina Wiegman, criticized this week. She described it as “not very good for the players, for their welfare.”
According to reports, the prize fund for the men’s Euro 2020 tournament was around a whopping €330 million.
So, there is still a significant disparity in financial rewards between men’s and women’s elite levels despite UEFA’s increased investment.