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Football being the most popular sport in the world has always been one the highest paying sport careers ever. The World Cup is the Zenith of tournaments in football, a players dream, a country’s pride, again to be held this year in Qatar from November 21 to December 18.
For Qatar 2022, the largest is 700million dollars. The prize money will be distributed at 2million dollars each for each participating team. At the group stage, they get paid 10million dollars each. This means the higher the team goes, the more they get paid. The winner of the world cup takes home 50 million dollars. However, FIFA also pays about 209 million dollars to the clubs for their players’ participation in the tournament, while the insurance fee adds up to about 138.5 million dollars.
These payments would go to the football associations of qualifying nations, and naturally the players get rewarded from the pool too.
Playing football or Soccer as some nations choose to call it, can be a globally rewarding career for the consistently diligent player and for participating countries at tournaments such as the FIFA world cup.
The Fédération Internationale of Football Association (FIFA) oversees every set of rules related to player transfers globally. Training compensation is one of the compensation rules of FIFA. For a professional footballer, benefitting from this payment sometimes requires that the player registers first as a professional player in another country other than the one where he would be trained; and also the player’s subsequent international transfer from one club to another. Upon every club transfer, the new club pays the player’s previous professional club a training compensation. And then the player also gets paid a training compensation a month after signing a professional contract in the new club. Transfer fees are usually not disclosed and different clubs usually have different financial values according to the confederation to which it belongs and the caliber of the training.
In the football reward system, there is what we call Solidarity Payments. These Solidarity payments are usually distributed to all clubs that previously participated in training the player between his 12th and 23rd birthdays at a proportional rate depending on how long the player spent at each of those clubs.
Finally, from a financial perspective, a player’s ability to earn money is also dependent on his or her success on the pitch, which also determines the kinds of sponsorships and commercial appeal such players can attract. A player’s earnings can be extremely volatile and build up over a short period of time. Most football players make the bulk of the money by playing for clubs while they usually play on the country teams as patriots and also to showcase their skills and not necessarily for the token their country offers them. Their peak earnings can be as little as three to six years in a professional career and just one big contract in the premier league can be all a player secures to transform his financial state. By putting the right planning and implementation in place over time, most top footballers can easily be financially independent by the end of their careers.
