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England can win a maximum £24.29m in prize money at Euro 2020 – after Uefa and national associations agreed a cash cut.

The initial prize money budget for the tournament planned a total pot of £319m.

But with the Covid crisis causing a delay and crowds limited as a result of the pandemic, Uefa has now slashed the prize pool to £284.55m.

England, like the other 23 qualified nations, will get a minimum payment of £8m.

But the group stage prize money has been reduced from £1.29m per win (half that for a draw), to £860,000 for each victory and half for a draw.

Qualifying for the last-16 is now worth £1.29m, down from the original £1.72m.

Quarter-finalists will now receive an additional £2.15m, compared to the planned £2.8m.

Reaching the semis will net the FA an extra £3.44m, 25 per cent less than the initial figure of £4.3m.

And the winners and runners up will now receive £6.88m and £4.3m respectively.

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