Real Madrid vs Al Hilal: What is the prize money for the Club World Cup final?

Real Madrid face Al Hilal in the final of the FIFA Club World Cup on Saturday and we've been taking a look at how much the winner will earn.

The annual tournament, which takes place in Morocco, is held between the winners of the seven continental competitions the previous season, and the host nation's domestic champions.

Los Blancos are vying to win the competition for a record fifth time, after ensuring qualification through their Champions League final 1-0 victory over Liverpool last summer.

Carlo Ancelotti's men had to beat Egyptian side Al Ahly in the semi-final on Wednesday to progress to the final, which they did so convincingly, winning 4-1 on the night.

They will now face Asian Champions League winners, Al Hilal, who overcame Flamengo 3-2 to reach the final, where they aim to win the competition for the first time in their history.

Ancelotti could be without a whole host of first-team players with Thibaut Courtois, Karim Benzema and Eder Militao all doubts for the contest. However, the odds remain heavily stacked in their favour.

What is the prize money for the Club World Cup final?

The winner of the 2023 FIFA Club World Cup will receive a whopping of $5 million (£4.4m) in prize money, which Chelsea were awarded last year.

Meanwhile the runner-up will claim $4 million (£3.5m).

The third placed match, which will take place on Saturday between Al Ahly and Flamengo, also carries a substantial financial reward.

However, this is reported to be an undisclosed fee. Whilst The Sporting News claim that they will be given £2.5 million (£2.2m) and $2 million (£1.7m) respectively.

Teams eliminated in the quarterfinals will each receive $1 million (£883,000), and the team defeated in the first round will take away $500,000 (£442,000).

Compared to last year's tournament, the prize money is virtually identical. However, the decision to scrap a fifth-placed match drops the overall prize money by $500,000 (£442,000), with a $1.5 million (£1.3m) fee previously up for grabs for the fifth placed team.