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23/12/2019 14:30
CEV announce record-breaking prize money for European Cups 2020
News from the CEV

Luxembourg, December 23, 2019. There is very good news for all of the clubs participating in this year’s European Cups – some sort of an early Christmas present, since the CEV Board of Administration chaired by President Aleksandar Boričić approved last week an increase to the prize money at stake, thus taking the overall purse to a record-breaking € 5,322,000 across all competitions! “I believe that all members of our Volleyball family will be thrilled at the news and happy to receive this special Christmas present. This decision confirms our wish to invest in our sport and to reward the clubs and their players, coaches, and managers for their hard work and the help they provide in our effort to grow Volleyball and raise its value,” the CEV President said.   

While attending a media conference held last Thursday in Berlin, where he announced that the German capital would be hosting the 2020 edition of the CEV Champions League Volley Super Finals, Mr Boričić shared further details on the prize money that will be at stake on May 16, 2020. The top four teams in Europe will fight for a purse standing at € 1.5 million, with € 500,000 going to the eventual winners and € 250,000 to the runners-up, thus ensuring once again full gender equality.

What is more, the prize money at stake in the CEV Cup and CEV Challenge Cup has almost doubled – and for the first time in history, the top eight teams from each competition will all be receiving a share of it, as per their respective results.  

The winners of the CEV Cup will receive € 80,000 each, with € 60,000 going to the silver medal winners; the losers of the semis will be cashing € 30,000 each, with € 15,000 going to the four losers of the quarterfinals, thus accounting for a total prize money standing at € 520,000.

The relevant figures stand at € 50,000 and 30,000 for the winners and runners-up of the CEV Challenge Cup 2020, with the losers of the semis and quarterfinals due to receive € 15,000 and 10,000, respectively, which accounts for a record-breaking € 300,000 for the third-tier competition.

Back to the elite CEV Champions League Volley 2020, after the CEV allocated an unprecedented € 3.5 million at the end of the 2019 season, this figure will increase by another 33% for the 2020 edition.

News nr. 97 of 22009
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23/12/2019 13:00:00
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