June 12, 2021

England to scoop eye-watering bonus for Euro 2020 win as prize money unveiled

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England stars are set to scoop up an eye-watering bonus payment if they win Euro 2020 this summer, as the prize money for the tournament is revealed.

The Three Lions get their campaign underway against Croatia on Sunday afternoon, with Gareth Southgate’s side one of the favourites to win the tournament.

Each player receives a sum of £2k every time they turn out for England, with those payments currently donated to charity.

But they have been given an extra incentive to win England’s first major tournament since 1966, with the FA and UEFA announcing the prize money due to be handed out to the winners.

England stars are set to be handed a mega bonus if they win Euro 2020
England stars are set to be handed a mega bonus if they win Euro 2020

The prize money totals £12million, meaning each winning player will receive a bonus of £461k each for lifting the trophy.

That team bonus is a staggering £3million more than the winners of the World Cup, France, received in 2018 and is a 24 per cent increase on the Euro 2016 pay-out.

By comparison, the players received £217k each when England reached the semi-finals of the World Cup in 2018.

Boss Southgate has also been given a major incentive, with the Englishmen receiving a six-figure bonus if his side win the Euros.

Who will win Euro 2020? Comment below.

Three Lions boss Gareth Southgate will also be heavily rewarded
Three Lions boss Gareth Southgate will also be heavily rewarded
(Image: Getty Images)

The total prize fund from UEFA will the highest ever handed out, with £393million up for grabs, though each nation can ‘only’ receive a maximum of £30m.

To receive the maximum total, a team would have to win every group game on top of progressing all the way through the knock-out stages.

The nation’s governing body would receive 60 per cent of the fee, with the players being given 40 per cent of the total bonus.

The bonus will total more than was given to France when they won the 2018 World Cup
The bonus will total more than was given to France when they won the 2018 World Cup
(Image: GETTY)

But if England’s players would have to wait until the Autumn before receiving their share, with the Mail reporting the terms of a £175m loan the FA took out from the Bank of England is behind the delay.

It means that they cannot pay any dividends or bonuses until the loan has been fully repaid, something that will not happen until September at the earliest.

READ MORE: 10 young stars set to light up Euro 2020 including the unknown name who rejected Liverpool

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