The UEFA European Football Championship (Euro 2020) is scheduled to be held across 11 European cities, starting from Friday, with the participation of 24 teams from across the continent.
The championship, which had originally been scheduled for last year, was delayed due to the novel coronavirus (COVID-19) pandemic. This is the second time that 24 teams will participate in the tournament, following the same number appearing at Euro 2016 in France.
It is not just the prestige of winning the tournament that the winners can expect, but huge financial prizes, possibly amounting to €34m, is also awaiting them, including €10m for winning the trophy.
The value of the financial prizes in the Euro 2020 is about €371m for the 24 teams participating in the tournament. The rewards vary with the results of the teams in different roles, starting from the group stage until the final match.
Each team participating in the Euro 2020 championship is scheduled to receive €9.25m. As for the group stage bonuses, it is €1.5m for each victory and €750,000 for a draw in the same round.
Those qualifying for the round of 16 will receive €2m, while the reward for qualifying for the quarter-finals is €3.25m. Teams qualifying for the semi-finals will receive €5m, whilst the winning team in the final match receiving the Euro 2020 title will receive €10m, compared to €7m for the runner-up.