Europe's clubs to share £185m Club World Cup solidarity pot
European top-flight clubs are set to receive half of the $250m Fifa solidarity fund from last year's Club World Cup, with confirmation expected in October.
Europe's top-flight clubs are close to securing half of the $250m (£185m) solidarity pot generated by last year's Club World Cup, according to Guardian Sport.
The fund was set aside by Fifa to ensure the competition's revenues fed back into the wider game beyond the clubs that took part.
Guardian Sport reports that Fifa and European Football Clubs are nearing an agreement that would see the money split 50-50 between clubs in Europe and those from the rest of the world.
The report, filed by Nick Ames in Copenhagen, states that the drawn-out process of reaching this settlement had caused frustration among clubs that did not feature in the tournament.
Distribution of the pot will follow once the arrangement has been formally ratified, with confirmation expected after a Fifa meeting due to take place in October.
The Club World Cup, expanded and reshaped last year, generated significant revenue, and the solidarity fund was designed to spread some of that financial benefit across the sport rather than confine it to the participating clubs.
Clubs outside the tournament had been waiting to learn how the money would be divided, with the delay in settling the split a source of the irritation Guardian Sport describes.
Once ratified, the 50-50 arrangement will determine how European top-flight sides share their portion of the fund, though further detail on the mechanics of distribution among individual clubs was not set out in the report.
Attention now turns to Fifa's October meeting, where the agreement is expected to be formally confirmed, closing out a process that has run on since the tournament concluded last year.