According to Spanish newspaper AS, Georgia national team has been offered a huge bounty ahead of their Euro 16 round match: €10 million if they defeat Spain, and €50 million if they win the tournament. This generous offer comes from a local foundation, which has clearly stated its intention to cover all or part of the prize money.
It is worth mentioning that the foundation also pointed out that after Georgia beat Portugal and successfully advanced to the Euro 16, the team and coaching staff received a reward of 30 million Lari (approximately €10 million). The foundation further promised that if the team continues to win, they will receive an additional 30 million Lari for every round they advance. This encouraging news has been released by mainstream media in Georgia.
In other words, if Georgia can make it to the quarterfinals, their total prize money will reach €20 million. And if they miraculously win the Euro, each player will receive an average of €2 million, a huge reward for many players who play in lower leagues in Europe and earn less than €100,000 per year.
It is worth noting that this prize money far exceeds the rewards set by any other participating teams in the Euro. For example, even if Spain wins the final in Berlin on July 15, the total prize money shared by the players is only €11 million, about one-fifth of the potential prize money for Georgia.
The foundation was established in 1995 by the Bidzina Ivanishvili family to promote social development in Georgia through various charitable and public benefit projects. Since its inception, the foundation has invested over $3.2 billion in various funding projects, so a €50 million prize promise would have little impact on the foundation’s financial stability.
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