World Cup to get cash boost as FIFA unveils red card crackdown
Vancouver, April 30 -- FIFA on Tuesday boosted overall World Cup cash distributions to nearly $900 million following concerns over the spiraling costs for teams taking part in the tournament. FIFA said that money shared between the 48 teams taking part in the finals in Mexico, Canada and the US would now total $871 million, up from an initial figure of $727 million announced in December.
The cash injection was announced following a meeting of FIFA's ruling council ahead of the body's Congress taking place in Vancouver on Thursday. The hefty increase comes after several FIFA members reportedly argued that the high cost of travel, tax and overall operations could result in them losing money from taking part in the tournament.
FIFA has now moved to alleviate those concerns, hiking an award of $1.5 million for "preparation costs" to $2.5 million for each of the qualified teams. A payment of $9 million for qualifying for the tournament has also been increased to $10 million.
FIFA is projected to earn around $13 billion from the current four-year World Cup cycle, which concludes with this year's tournament, the largest World Cup in history.
FIFA, meanwhile, also confirmed law changes which will be rolled out at the World Cup. From now on, players who cover their mouths during confrontations with opponents will face a red card as part of a new initiative aimed at combating racism....
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