FULL BREAKDOWN: Prize money for Euro 2024

England is set to take on Spain in the 2024 European Championship final at the OlympiaStadion in Berlin, Germany on Sunday, July 14.

The tournament, which started on June 14, has featured 51 games, including 36 in the group stage and 15 in the knockout rounds.

England is looking to end their 58-year trophy drought, while Spain hopes to add to their collection with a fourth Euro Championship title.

In December 2023, the UEFA Executive Committee approved the prize money distribution system for the teams participating in the tournament.

The prize money for the participating teams is set at the same level as UEFA EURO 2020, totaling €331 million.

The distribution key, as contained in UEFA's website, is as follows:

• Participating fee: €9.25m

• Match bonus: €1.0m for a win and €500,000 for a draw

• Qualification to the round of 16: €1.5m

• Qualification to the quarter-finals: €2.5m

• Qualification to the semi-finals: €4m

• The runners-up will receive an additional payment of €5m

• The 2024 European champions will receive an extra payment of €8m

The champion team could earn a maximum of €28.25 million if they won all three of their group matches.

On Monday, UEFA revealed that the tournament's revenue comes from media rights, global sponsorships, ticketing, hospitality, and licensing.