Fifa have agreed to pay clubs an extra £119m in order to release players for the men's World Cup in 2023.
The International Football Association Board (IFAB) has given their approval for the additional funds to be paid to clubs who have players called up for the tournament, which is due to take place in Qatar from November 18th to December 18th.
The sum of money is a significant increase on the £80m that was given to clubs in 2018 ahead of the World Cup in Russia.
Fifa President, Gianni Infantino, said: “This compensation is a recognition of the clubs’ contribution to the success of the World Cup and a sign of our appreciation for their investment in the development of the players.”
The money will be paid out in three stages: a first payment of £30m will be made when the final squad is announced, another £40m when the tournament starts and a final £49m when it ends.
The agreement comes after months of negotiations between Fifa, IFAB, the European Club Association and the world players’ union FIFPro.
The payment is seen as a victory for the players, who will now have more financial security during the tournament.
It is also hoped that the additional funds will encourage clubs to release their players for international duty and make it easier for them to play in the tournament.
The 2023 World Cup is set to be the biggest yet, with 32 teams competing in the tournament. It will be the first time the World Cup has been held in Qatar, and is expected to be an unforgettable event.