The Euro 2020 competition will be soon getting underway from June 11 and as it stands, England could win a cool sum of £24.29 million pounds if they manage to earn the European Championship Trophy, APA reports citing Birmingham Live.
The initial pot was to be around £319 million altogether however due to the coronavirus pandemic, delays in crowds within stadiums as well as cash losses, the UEFA have now been reduced to £284.55 million.
As a result of this, each round of the competition could profit each team less as the amount given will, sometimes, not be what the amount was planned to be.
Starting off in the group stages, each team which qualified, will receive £8 million which was originally planned so no change there.
But the group stage prize money has been reduced by 50 per cent, from £1.29m per win (half that for a draw), to £860,000 for each victory, with £430,000 for a draw.
As we move to the round of 16, the money given to the teams will have lessened again from the planned £1.72 million, to £1.29 million.
Qualifying for the quarter-finals is now worth £2.15 million, instead of the actual £2.8 million it was supposed to be and for the semi finals, the prize money will be nine million pounds lighter than what it should have been - from the planned £4.3 million to the true value of £3.44 million.
Moving towards the end of the competition, the runners up will receive £4.3 million instead of the arranged £6.02 million; the winner will eventually gain £6.88 million: a far cry from the original £8.61 million they were to make.
Consequently, the winners can only make a maximum of £24.29 million pounds instead of the £33.6 million they could have received by the end of the competition.