Euro 2024: How Much Did Participating Countries Pocket?

As the curtains fell on the UEFA Euro 2024 championships in Germany, the spotlight shone brightly on the Iberian giants, Spain, who clinched the coveted title with a thrilling 2-1 victory over England at Berlin’s Olympiastadion. Apart from the title and bragging rights heading to the Spanish capital, Madrid, the Royal Spanish Football Federation (FEF) celebrated their golden moment with a handsome €27.25 million (£22.95 million) reward for their winning campaign. This prize was part of the total €331 million (£285 million) pool awarded to participating teams.

Spain’s Triumph and England’s Near Miss

The final match was a spectacle of European football’s finest talents. Cole Palmer’s brilliant 73rd-minute equalizer gave England hope after Neco Williams opened the scoring for Spain in the 47th minute. However, it was Mikel Oyarzabal’s 86th-minute effort that sealed Spain’s victory and extended England’s 58-year wait for a major title.

While Spain basked in the glory of their triumph and the accompanying €27.25 million (£22.95 million) prize, England, despite their heartbreak, didn’t leave empty-handed. The Three Lions pocketed £20.41 million (€24.33 million) for their runner-up finish.

Distribution of Prize Money

The total prize pool of €331 million (£285 million) was split among the 24 participating teams, with each nation receiving €9.25 million (£7.95 million) just for qualifying for the tournament. Additional rewards were given based on the progress of each team in the competition:

Round of 16: Teams reaching this stage received an additional €1.5 million (£1.28 million).
Quarter-finals: Quarter-finalists were awarded an extra €2.5 million (£2.1 million).
Semi-finals: The four semi-finalists – Spain, England, France, and the Netherlands – each earned €4 million (£3.4 million).

Additional Rewards for Finalists

England’s total earnings of £20.41 million (€24.33 million) included the €9.25 million for participating, €4 million for reaching the semi-finals, and an additional €5 million (£4.29 million) as runners-up.

Spain, having won all their seven matches, accumulated an extra €8 million (£6.88 million) on top of their initial rewards, bringing their total to €27.25 million (£22.95 million).

The Financial Windfall for All Participants

Every participating nation was guaranteed a substantial financial reward, regardless of their performance. The initial €9.25 million (£7.95 million) ensured that even those who didn’t progress past the group stage left with a significant sum. However, the further teams advanced in the tournament, the more lucrative the rewards became, incentivizing each nation to strive for excellence on the field.

Conclusion

The UEFA Euro 2024 championships not only provided a platform for showcasing Europe’s best football talents but also ensured that every participating country was rewarded for their efforts. Spain’s ultimate triumph and the financial windfall that accompanied it underscored the high stakes and immense rewards associated with Europe’s premier football tournament. As teams reflect on their performances and earnings, the focus now shifts to future competitions and the continual pursuit of footballing glory.