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Kieran Maguire: Chelsea set for 'huge' £50m boost as Fifa 'jealousy' revealed
Chelsea could earn as much as £50million from Fifa after being guaranteed a spot in the new 32-team Club World Cup format.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the prize money attached to Fifa’s new competition.
The revamp to the Club World Cup sees the competition take place every four years with 32 teams entering the competition and 12 European clubs invited to take part.
Chelsea are set to be handed a guaranteed place in this year’s competition in Saudi Arabia after their Champions League triumph in 2021.
As reported by The Mirror (14 March), Chelsea will pocket £25million from Fifa for their participation in the competition.
Maguire insists Fifa have revamped the competition out of jealousy of the Champions League, but believes it could provide a ‘huge boost’ financially to elite clubs.
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“The new Club World Cup is an attempt by Fifa to bolster its revenues so they can hand money to individual Fifa members,” Maguire told Football Insider.
“There are 211 members who are thoroughly behind Gianni Infantino who they see to be a generous benefactor.
“The problem for Fifa is that this new tournament only makes money once every four years.
“The new Club World Cup format was born out of jealousy of the success that Uefa have with the Champions League every year.
“It can, however, provide a huge boost to bigger clubs like Chelsea.
“It adds an extra incentive to doing well in Europe and winning the Champions League.
“The Champions League itself can be worth up to £110million in prize money.
“The £25-50m for winning the Club World Cup is much lower but it requires winning fewer games so will be appealing to the elite clubs around the globe.“
In other news, Chelsea plan to let Romelu Lukaku go at enormous loss