The winners of next year's World Cup final will scoop 24.5 million Swiss Francs ($18.75 million) as part of a total prize pool of 300 million Swiss Francs ($229.5 million) for the tournament.

FIFA announced on Tuesday that the 32 teams taking part would be guaranteed at least six million Swiss Francs ($4.59 million) each in prize money.

The eight teams beaten in the second round will get 8.5 million Swiss Francs ($6.5 million) and the four defeated quarter-finalists will get 11.5 million Swiss Francs.

The two beaten semi-finalists will each get 21.5 million Swiss Francs ($16.45 million), with no cash incentive for winning the third-place match.

The beaten finalists on July 9 in Berlin will be almost as richly rewarded as the winners with 22.5 million Swiss Francs on offer.

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FIFA is also offering generous expenses to the teams appearing at the finals, which begin on June 9.

Each qualifying national association will receive one million Swiss Francs ($765,100) before the tournament to cover preparation costs.

FIFA is also covering accommodation costs for players and team officials at the tournament to the tune of 400 Swiss Francs ($306) a day for 45 people.

Photograph: Touchline/Getty Images

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