According to the Daily Mail, the $1bn broadcast deal signed with DAZN will mean both clubs are set to earn between £50m and £60m from their participation in the US-based tournament taking place next summer. It's thought that major European clubs like City and Chelsea are being handed higher participation fees in order to guarantee their commitment to the competition, which has been criticised for its impact on fixture congestion.
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City will compete in the tournament due to their status as England's current champions, while Chelsea were granted entry because they were the last English team to win the Champions League (besides Guardiola's team). However, clubs without the global reputations and vast wealth of these two will not be handed such lucrative deals to compete; it's thought by the Mail that MLS franchises like Inter Miami won't earn anywhere near this figure.
The draw for the group stages of the Club World Cup pushed us a little closer to the new era of this global competition, but the reorganised tournament continues to divide opinion. While many players, coaches, and fans in Europe have struggled to get behind the new-look format (largely because of concerns about fixture congestion), reports suggest that Latin America is broadly in favour of the recent changes.