England will face Spain in the 2024 European Championship final at Berlin’s Olympiastadion on Sunday, July 14.

The tournament, which began on June 14, included 51 matches, with 36 in the group stage and 15 in the knockout rounds.

England aims to end a 58-year trophy drought, while Spain seeks to secure their fourth Euro Championship title.

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

The prize money remains at the same level as UEFA EURO 2020, amounting to a total of €331 million.

According to UEFA’s website, the distribution details are 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 can earn up to €28.25 million if they win all three of their group matches.

On Monday, UEFA announced that the tournament’s revenue is generated from media rights, global sponsorships, ticketing, hospitality, and licensing.