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Soccer News of Tuesday, 6 June 2023

Source: www.mynigeria.com

FA Cup prize money: What City, United, Arsenal and Chelsea earned in 2022/23

Manchester City lifting the FA Cup Manchester City lifting the FA Cup

A complete breakdown of the financial rewards on offer for clubs competing in the 2022-23 edition of the FA Cup has emerged.

The English FA Cup is the oldest and most iconic football tournament in the world. It started in 1871.

The tournament is open to eligible clubs down to Level nine of the English football league system with Level 10 clubs acting as stand-ins.

According to Goal, a record 763 clubs participated in the tournament.

The prize for winning the 2022-23 FA Cup final alone is £2 million, with the runners-up receiving £1 million. However, the overall cumulative prize money depends on how many rounds a team progresses through.

While the prize money for the competition has not varied significantly, after the Covid-19 pandemic, the winnings went down to £3.4 million. However, the Football Association has increased the prize pool for 2022-23, which is always a welcome relief for the clubs that are lower down the football hierarchy.

A full breakdown of the FA Cup prize money for 2022-23 can be found in the table below.