Not only do the biggest sporting competitions in the world bring athletes glory and fame, they also offer huge financial rewards. Let’s take a look at the top 10 of the biggest prizes in sports across the globe. Or in short 10 Sports Competitions With Highest Prize Money In 2016. Have you ever doubt that soccer is king in the sporting world? Here’s a simple way to prove it: follow the money.
In this the second annual Forbes list of the 10 highest-paying sporting events in the world, four of the top ten spots are occupied by soccer tournaments. No other sport comes close to its dominance. To construct this list, we focused on the prize money paid out to the winner of either a single event or a tournament. We did not include an event’s total prize money, or any season-long competitions that do not end in a playoff tournament, like the Barclays Premier League.If you follow football, in particular european football you might know that quite recently England’s division 1 (English Premier League) signed a massive domestic tv rights deal which is around $8 billion (£5.136 billion) for three years from 2016 to 2019 plus around $5billion (£3billion) is expected from foreign team deals which makes it a grand total of $13billion (£8billion) and this money will be distributed yearly for three years to premier league clubs as prize money + TV money.
So Let’s begin the count down :
10. Cricket World Cup (Cricket)
The Cricket World Cup has been steadily increasing its prize fund, which now stands at $10,25 million. This might seem modest in comparison to the huge payouts for top events in other sports, but bear in mind that with the relatively small sides of competing squads, players can earn sizeable bonuses. The team that wins the title is awarded a purse to the value of $3,975,000.
9. Rugby World Cup (Rugby)
The Rugby World Cup has no specific prize fund. Instead competing unions are paid out according to the overall profit made by the International Rugby Board (IRB) once the tournament has been completed. So rather than being paid prize money, players are offered special contract fees by their own unions, including bonuses for winning matches at the tournament. These bonuses can mount up quickly. For example, the England team will earn an estimated $10.85 million if it wins the 2015 World Cup.
8. The Super Bowl (NFL)
Although the Super Bowl is by far the highest profile sports event in the United States, it’s not the best paid sports event in the country. The winning team in the Super Bowl is paid $11 million in prize money. Due to the large size of the competing squads, players tend to earn surprisingly modest bonuses if they win the championship.
7. The Dubai World Cup Night (Horse Racing)
The Dubai World Cup Night is officially the richest event in thoroughbred racing, with about $27.25 million paid out in prize money during a single day. Six Grade 1 races and a number of Group 2 races are run during the course of the event, which culminates in the $10 million Dubai World Cup. A close second to the Dubai World Cup Night is the Breeders’ Cup, with a $24.5 million prize pool.
6. The FedEx Cup (Golf)
Golf’s richest event isn’t one of the four Majors, but rather the PGA Tour’s season finale, the FedEx Cup. To win the FedEx Cup, a golfer must accumulate points while playing in the four FedEx Cup playoffs – The Barclays Championship, the Deutsche Bank Championship, the BMW Champions and the Tour Championship. The highest points scorer at the conclusion of the Tour Championship walks away with a $10 million payout. The overall FedEx Cup prize fund, shared among competing players, is a whopping $35 million.
5. Wimbledon (Tennis)
The US Open used to be the highest paying tennis tournament, but Wimbledon is now the most lucrative tennis event on the sporting calendar. Over $40 million in prize money is shared among the competitors in the various divisions of the tournament. The winners of the men’s and women’s single finals each earn just in excess of $2.9 million in prize money.
4. The World Series (Baseball)
Surprisingly, the World Series pays out significantly more prize money than other major league sports in the United States, with an estimated prize pool of $66 million. The winner of the World Series pockets a purse of $22.5 million – approximately double the amount paid to the winners of the NFL Super Bowl.
3. High-profile fights (Boxing)
Boxing is one of the most lucrative sports, with world championship title fights generating hundreds of millions of dollars in pay-per-view broadcasting revenue. For example, Floyd Mayweather earned a stunning $180 million for his fight against Manny Pacquiao in 2015’s “Fight of the Century.”
2. Motor Racing (Formula One)
Formula One racing is the most expensive sports to compete in. It also offers one of the largest prize funds. The overall prize pool for each season is estimated at roughly $700 million. This is distributed according to the results of each race, as well as the final season standings.
So here’s the top competition having the highest Prize money
1. The UEFA Champions League (Football)
Europe’s glitziest regional club tournament offers the biggest overall cash payout in international sport. The club winning the Champions League final is rewarded with €15 million in prize money. In total, a prize fund of €1.1 billion was paid out to competing teams during the 2014-15 season. These figures dwarf the FIFA World Cup, which paid out a relatively miserly $324 million to competing teams in 2014.
As of 2015–16, UEFA awards €2 million to the play-offs winners and €3 million to the eliminated clubs in the play-off round. For reaching the group stage, UEFA awards a base fee of €12 million. A win in the groups is awarded with €1.5 million and a draw is worth €500,000.
In addition, UEFA pays teams reaching the first knockout round €5.5 million, each quarter-finalist €6 million, €7 million for each semi-finalist, €10.5 million for the runners-up and €15 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.
For the 2014–15 season, Juventus, who were the runners-up, earned nearly €89.1 million in total, of which €30.9 million was prize money, compared with the €61.0 million earned by Barcelona, who won the tournament and were awarded €36.4 million in prize money.