Fifa has announced that it plans to distribute a total of $209 million to clubs across the world for releasing their players for international duty at the World Cup 2022 in Qatar.
The governing body had set aside a similar amount as compensation for clubs four years ago for the Russia edition of the tournament.
The system was set up before the 2010 World Cup in South Africa after an agreement with the European Clubs Association (ECA), whose members send many of their players to international competitions.
According to Fifa, a total of 416 clubs from 63 federations shared the $209m fund for the 2018 World Cup.
How much will Premier League clubs earn from Fifa for Qatar World Cup?
Clubs will be paid a daily rate of about $10,000 a player for as long as the player remains with his national team during the 2022 Word Cup, including the preparation period. The preparation period starts on November 14 and the tournament ends with the final at the Lusail Stadium in Doha on December 18.
Compensation will be paid to all clubs for which the footballer has played in the two years prior to the World Cup.
Who earned the most among Premier League teams last time?
After the 2018 World Cup in Russia, Manchester City received a payment of $5m from Fifa for sending their players to the tournament. A similar payment scheme is run by Uefa for the European Championship, which was worth $194m last year. There, Chelsea got the biggest share of $5m.
What next?
Fifa's revenue from sponsorship, ticket sales and corporate hospitality is set to rise sharply for the expanded 2026 edition, which will be hosted by the US, Canada and Mexico. Clubs are set to get a bigger share from the 2026 edition as it is going to involve 48 teams.
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
APPLE IPAD MINI (A17 PRO)
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In the box: iPad mini, USB-C cable, 20W USB-C power adapter
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So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
The specs: 2018 Ducati SuperSport S
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Engine: 937cc
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Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
Specs
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Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press
No Shame
Lily Allen
(Parlophone)
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
