If England beat Italy on Sunday, then around £9.5m will be split among the 26-man squad
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England’s run to the final of the European Championship is set to net the NHS a lucrative windfall with players intending to donate a huge chunk of their prize money to the heroes of the coronavirus pandemic.
The Football Association is in line to earn around £24million if England win a major tournament for the first time since 1966 by beating Italy, with roughly 40 per cent of that pot, in the region of £9.5m, to be split among the 26-man squad.
Should England lose and finish as runners up, then the FA would land around £2.6m less, bringing the bonuses for the squad down, but the players intend to make a sizeable donation of their winnings regardless of Sunday’s result against Italy.
The donation, which could run into the millions, will be made to NHS charities once the tournament has finished and the final details of the plan will be discussed in greater detail due to potential tax issues.
England’s players made a significant donation to the NHS in May last year and want the heroes of the health service to benefit from their excellent run in this summer’s Euros that has lifted the entire nation.
In confirming their choice to make a donation to the NHS Charities Together last year, a statement released on behalf of England players last May read: “Following positive discussions with the FA, the England senior men’s squad are pleased to confirm that a significant donation from their international match fees will be made to NHS Charities Together via the #PlayersTogether initiative.
“This contribution will be taken from a fund already set aside to support a variety of worthy causes using all match fees collated since September 2018.”
The prize money for reaching the final is also timely for the FA, which last year announced the coronavirus crisis would result in 124 roles being made redundant – 15 per cent of its workforce – amid potential losses of about £300m.
Manager Gareth Southgate, who was on a bonus of up to £1.5m at the World Cup, also took a 30 per cent pay-cut as a result of the crisis.