Footballâ€™s world governing body Fifa has announced prize money of $30 million for the winners of next yearâ€™s World Cup in South Africa.
Fifa secretary general Jerome Valcke made the announcement yesterday in Cape Town.
The runners up will receive $24 million while every participating team will receive $1 million to cover preparation costs.
Clubs whose players are taking part in the tournament will share $40 million.
The total prize money available at South Africa 2010 is a 61 percent increase from the 2006 World Cup in Germany.
â€œEvery club who has a player at the World Cup will receive $1600 per day, per player,â€ Valcke said.
â€œThe money will be paid 15 days before the start of the tournament and to one day after the playersâ€™ participation in the World Cup ends.â€
Clubs will receive the money through their national associations and as part of that package, clubs have agreed not to pursue any claims or any possible compensation through civil courts but only go through Fifa or Cas, the Court of Arbitration for Sport.
Fifa has also announced that it will keep the existing rules concerning the Olympics for the 2012 London Olympics.
This means that qualifying teams can use players under 23 years old with the exception of three over age players.