FIFA has announced that every player participating in the upcoming Women's World Cup will receive a minimum of $30,000, with the winning team taking home $270,000.

Women's football has experienced significant growth and popularity, but concerns have been raised about the disparity in earnings between male and female players.

The World Cup, set to take place in Australia and New Zealand starting on July 20, ensures that all players from the 32 teams will receive at least $30,000.

As teams progress further in the tournament, the prize money increases. The event will conclude on August 20. The average salary for women players at clubs is currently $14,000, which is significantly lower than what their male counterparts earn.

FIFA states that this commitment to allocating funds specifically for players is unprecedented. Their investment in the tournament is three times greater than it was at the previous Women's World Cup in France four years ago.

The global players' union, FIFPro, has welcomed this decision, recognizing that FIFA has listened to the players' concerns. FIFPro believes that this step promotes greater gender equality in the sport at its highest levels.

The union stated, "The legacy of this action is by the players, for the players, of both today and tomorrow."

By ensuring a minimum earning threshold and increasing overall prize money, FIFA aims to address the disparity and support the continued growth and development of women's football.