Top 10 Richest Sporting Events In The World
|Filled under Sports|
Here is a list of 10 richest sporting events in the world in terms of the prize money paid out in the tournament.
UEFA Champions League
The UEFA Champions League is an annual continental club football competition organised by the Union of European Football Associations (UEFA) since 1955 for the top football clubs in Europe. As of 2010–11, UEFA awards €2.1 ($2.69) million to each team in the play-off round. For reaching the group stage, UEFA awards €3.9 ($4.99) million, plus €550,000 ($704351) per group match played. A win in the group is awarded €800,000 ($1024511) and a draw is worth €400,000 ($512255). In addition, UEFA pays teams reaching the first knockout round €3 ($3.84) million, each quarter-finalist €3.3 ($4.23) million, €4.2 ($5.38) million for each semi-finalist, €5.6 ($7.17) million for the runners-up and €9 ($11.53) million for the winners. A large part of the distributed revenue from the UEFA Champions League is linked to the “market pool”, the distribution of which is determined by the value of the television market in each country.
UEFA European Football Championship
The UEFA European Football Championship is the main association football competition contested by the senior men’s national teams of the members of the Union of European Football Associations (UEFA), the sport’s European governing body. In 2012, a total of €196 million was offered to the 16 teams competing in this tournament. Each team received €8 ($10.25) million in start money and then received additional money, based on their performances. Spain, the winners of Euro 2012, were awarded a total prize of €23 ($29.45) million for their performance. The maximum prize achievable (for winning all group matches and winning the final) was €23.5 ($30.10) million. The trophy given to the winners remains in the ownership of UEFA; however, they receive a full-size replica for their keeping. Medals of gold and silver are awarded the winners and runners-up respectively whereas both semi-final losers are awarded bronze medals.
FIFA World Cup
The FIFA World Cup, or simply the Soccer World Cup, is an international association football competition contested by the senior men’s national teams of the members of Federation Internationale de Football Association (FIFA), the sport’s global governing body. In 2010, the total prize money on offer for the tournament was confirmed by FIFA as US$420 million (including payments of US$40 million to domestic clubs). Before the tournament, each of the 32 entrants received US$1 million for preparation costs. Once at the tournament, the prize money was distributed as follows: US$8 million – To each team exiting after the group stage (16 teams), US$9 million – To each team exiting after the round of 16 (8 teams), US$14 million – To each team exiting after the quarter-finals (4 teams), US$18 million – Fourth placed team, US$20 million – Third placed team, US$24 million – Runner up, US$30 million – Winner.
The Super Bowl
The Super Bowl is the annual championship game of the National Football League, the highest level of professional American football in the United States, culminating a season that begins in the late summer of the previous calendar year. Besides winning the famous Vince Lombardi Trophy, the winning team of the Super Bowl gets a serious cash bonus. Under the NFL’s current agreement with the players, each player will get $88,000 for winning the Super Bowl. This agreement will expire in 2012. This is the minimum bonus guaranteed by the NFL Players Association, other star players and MVPs may have millions more as per their contracts. Players on teams are paid for wins in the playoffs, as well, which is part of their total. For many years, the Super Bowl has possessed a large US and global television viewership, and it is often the most watched television program of the year. The Pittsburgh Steelers have won the most six Super Bowls.
The World Series
The World Series is the annual championship series of Major League Baseball played between the American League and National League champions since 1903. The winner is determined through a best-of-seven playoff. The prize money is obtained from player’s pool. 60% of the total gate receipts form the first four World Series Games, 60% of the total gate receipts from the first four games of the American League Championship and National League Championship, and 60% of the total gate receipts of the first three games of each of the four Division series are put into a “Player’s Pool.” The pool is distributed to players as follows: World Series Winning Team: 36%, World Series Losing Team: 24%, League Championship Series Losers: 12% each, Division Series Losers: 3% each and Non-Wild Card Second Place Teams: 1% each. The record payout for a winner was back in 2006 when the St. Louis Cardinals took the trophy and $362,173.
The FedExCup is a championship trophy for the PGA Tour. Its introduction marked the first time that men’s professional golf had a playoff system. This competition is sponsored by FedEx. The player with the most points after the Tour Championship wins the FedExCup itself and $10 million of a $35 million bonus fund. The runner-up gets $3 million, 3rd place $2 million, 4th place $1.5 million, 5th place $1 million, and so on down to $32,000 for 126th through 150th place. In the regular season, PGA Tour players can earn points in each event they play. The number of points for winning each tournament varies from 250 to 600. After the final event of the regular season, the top 125 players participate in the playoffs. The number of points awarded for winning each playoff event is 2500. After the third playoff event, the top 30 players move to the final event. The man who accumulates the most points during the four-tournament stretch wins the FedEx Cup.
Dubai World Cup Night
Dubai World Cup Night is a series of horse races held annually at Meydan Racecourse in Dubai, United Arab Emirates. Run under the auspices of the Emirates Racing Authority, the event currently offers purses totaling US$21 million and is the single richest day of Thoroughbred racing in the world. The brainchild of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the Dubai World Cup is a fitting tribute to his love of horses and of horseracing. The most rewarding race among all is the Dubai World Cup, worth US$10 million in prize money alone, is classified as a ‘Group One Flat Race’ for four- year-old thoroughbreds and above, and spans a distance of 2,000 meters. Among the horses entered in the inaugural race was a 13-time winner from Australia, a seven- race winner from Great Britain, the ‘dirt horse’ champion from Japan, and Cigar, North America’s ‘Horse of the Year’ for 1995.
UEFA Europa League
UEFA Europa League is an annual association football cup competition organised by UEFA since 1971 for eligible European football clubs. Clubs qualify for the competition based on their performance in their national leagues and cup competitions. The prize money received by the clubs is divided into fixed payments based on participation and results, and variable amounts that depend of the value of their TV market. A group stage participation in the Europa League nets €640,000 ($819200), with a €60,000 ($76800) bonus per group match played. A victory in the group pays €140,000 ($179200) and a draw €70,000 ($89600). Reaching the knock-out matches triggers additional bonuses: €200,000 ($256000) for the round of 32, €300,000 ($384000) for the round of 16, €400,000 ($512000) for the quarterfinals and €700,000 ($896000) for the semifinals. The losing finalists receive €2 ($2.56) million and the champions get €3 ($3.84) million.
World Series of Poker
The World Series of Poker (WSOP) is a series of poker tournaments held annually in Las Vegas and, since 2005, sponsored by Caesars Entertainment (known as Harrah’s Entertainment until 2010). The winner of each event receives a World Series of Poker bracelet and a monetary prize based on the number of entrants and buy-in amounts. Each year, the WSOP culminates with the $10,000 no-limit hold’em “Main Event,” which, since 2004, has attracted entrants numbering in the thousands. The 2006 Main Event, won by Jamie Gold, is the largest single poker tournament by prize pool or by entrant numbers in history; Gold pocketed US$12 million for his victory. The winner of the World Series of Poker Main Event is considered to be the World Champion of Poker. It dates its origins to 1970, when Benny Binion invited seven of the best-known poker players to the Horseshoe Casino in Las Vegas, Nevada, USA for a single tournament.
ICC Cricket World Cup
The ICC Cricket World Cup is the premier international championship of men’s ‘One Day International’ cricket. The event is organised by the sport’s governing body, the International Cricket Council (ICC), with preliminary qualification rounds leading up to a finals tournament which is held every four years. The finals of the Cricket World Cup are contested by all ten Test-playing and ODI-playing nations, together with other nations that qualify through the World Cup Qualifier. In 2011, total prize money was US$10 million, allocating US$3 million to the winning team and US$1.5 million to the runner-up. The rest of the prize money was distributed among semi-finalists, quarter-finalist and winners of every single match. The winning team also takes home a replica of the ICC Cricket World Cup Trophy, which has been awarded since 1999. According to the ICC, it is the most important tournament and the pinnacle of achievement in the sport.