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Fifa to give $1bn as Europe nears Club World Cup deal

Fifa are set to give more than $1bn revenue to clubs participating in the Club World Cup as the European Club Association (ECA), negotiating on behalf of clubs in Europe including Chelsea and Manchester City, closes in on a deal.

Multiple sources have confirmed to BBC Sport that the 32 clubs involved, including 12 European clubs, will split what Fifa expect will be the biggest revenue ever for a club football tournament.

It is partly based on the $1bn exclusive global TV deal agreed with sports streaming service DAZN in December.

The inaugural tournament, taking place in the United States, begins on 14 June and finishes with the final in New Jersey on 13 July.