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Sports

Euro 2012 winners could collect 23.5 million euros prize

By Reuters
Published | Updated

GENEVA (Reuters) - The winners of next year's Euro 2012 championships in Poland and Ukraine could earn 23.5 million euros ($33.76 million) if they lift the trophy by winning all six matches in the group stage and knockout rounds.

The decision was announced Friday after a two-day UEFA executive meeting in Nyon which also issued a statement urging FIFA to implement reforms within three months in the wake of its current corruption crisis.

UEFA fixed the total prize money for the 16 finalists at the European championships at 196.0 million euros ($281.55 million), compared to 184 million for Euro 2008.

Each of the 16 finalists will pocket 8.0 million euros for reaching the championship, with 1.0 million euros on offer for a win in the group stage and 500,000 euros for a group stage draw.

Victory in the quarter-finals will be worth 2.0 million euros, a semi-final victory will add another 3.0 million euros to their pot, while the team winning the final will land another 7.5 million euro. The runner-up will collect 4.5 million euros.

UEFA have also decided to give a 1.0 million euro bonus to the team finishing third in the group.

"This will act as an incentive if the top two qualifying places are already decided." a spokesman said.

With FIFA executive committee members Mohamed Bin Hammam and Jack Warner currently suspended over allegations of bribery and a third FIFA exco member Chuck Blazer being questioned by FIFA's ethics committee, Blatter has promised to clean up FIFA's image.

He has invited American statesman Henry Kissinger and opera singer Placido Domingo on to a new committee, but UEFA's executive wants to see some positive action taken in Zurich.

In a statement UEFA said: "The Executive Committee takes good note of the will of FIFA to take concrete and efficient measures with regards to good governance, and expects to see results within the next three months and is following the situation closely."

The committee also decided to award a special official commemorative cap and a medal to players who reach 100 appearances for their national team.

Thursday UEFA announced that the 2013 Champions League final and UEFA Congress in 2013 would be held in England to mark the 150th anniversary of the English FA, the world's first football association.

($1 = 0.696 Euros)

(Reporting by Mike Collett; Editing by John Mehaffey)