• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Sports

Spain faces $15m tax hit after winning 2026 World Cup

World Cup winners could forfeit up to 30 per cent of their $50 million prize money under United States federal tax laws.

David Okere by David Okere
July 22, 2026
in Sports
0 0
0
Spain

Spain faces $15m tax hit after winning 2026 World Cup

thenacre-campaign

Spain could lose up to $15 million of the $50 million prize money earned from winning the 2026 FIFA World Cup after the payout becomes subject to United States federal tax rules.

The Spanish national team secured the World Cup title with a 1-0 victory over Argentina in the final at New York New Jersey Stadium on Sunday, July 19, earning the tournament’s top prize.

Also read: Rafiu Durosinmi set for record €10.5m Genk transfer deal

The tax issue has emerged because US tax law generally applies to income generated from activities carried out within the country. Payments made to non-resident foreign athletes are typically subject to a 30 per cent federal withholding tax unless a tax treaty or another exemption applies.

If the full withholding rate is imposed, Spain could forfeit as much as $15 million, reducing the net prize money received by the world champions.

The potential tax liability has drawn political attention in the United States.

Speaking to Fox News on Tuesday, Republican Congressman Tim Burchett of Tennessee criticised the tax burden.

Perfect-Aesthetic-social-1

“I think it’s a rip-off,” Burchett said.

“I’m not a fan of it, but Americans have to do it. American professional athletes do it, so they knew that when they came over here,” he added.

The United States, alongside Canada and Mexico, hosted matches during the expanded 2026 FIFA World Cup, with the final staged in New Jersey.

Tax obligations for international sporting events have long been a point of discussion, particularly when athletes and teams compete in countries where earnings from competitions are subject to domestic taxation.

In some cases, bilateral tax treaties or specific exemptions can reduce the amount ultimately paid, depending on the circumstances.

Odun Ifa 2026
ADVERTISEMENT
adron lemon friday

Neither FIFA nor the Royal Spanish Football Federation had publicly commented on the reported tax implications at the time of publication.

Also read: Rafiu Durosinmi set for record €10.5m Genk transfer deal

Despite the potential deduction, Spain’s World Cup triumph remains one of the country’s greatest football achievements, adding another global title to its illustrious history after defeating defending champions Argentina in the final.

David Okere
David Okere

David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.

Related Posts

ooo jpg
Sports

Jim Hines, first sprinter to run 100m under 10 seconds, dies

by Quadri Olaitan
June 5, 2023
images 1
Sport

Manchester City seek redemption, Chelsea eye premier league

by Reni
December 20, 2024
Asisat Oshoala
Sports

Asisat Oshoala crowned African women’s player of the year

by Freelanews
January 7, 2020
benjamin mendy agiye kugeza mu nkiko manchester city yamwambuye imishahara ye bidakurikije amategeko jpg
Sports

Benjamin Mendy To Sue Man City For Unpaid Wages

by Quadri Olaitan
November 21, 2023
Arsenal
News

Arsenal set positive transfer plan with three signings

by Mariam Balogun
June 1, 2026

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

images 20

Rotary urged to prioritise lasting partnerships in West Africa

October 19, 2026
Ikeddy Isiguzo jpg

Columnist questions future of Tinubu Coastal Highway

October 19, 2026
download 3

Madueke late goal gives Arsenal 1-0 win at Forest

October 19, 2026
images 19 1

Father, son die in Plateau tricycle crash

October 19, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
images 20

Rotary urged to prioritise lasting partnerships in West Africa

October 19, 2026
Ikeddy Isiguzo jpg

Columnist questions future of Tinubu Coastal Highway

October 19, 2026
download 3

Madueke late goal gives Arsenal 1-0 win at Forest

October 19, 2026
images 19 1

Father, son die in Plateau tricycle crash

October 19, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • Hair vendor Precious and two others found dead in Delta residence

    0 shares
    Share 0 Tweet 0

Just Published!

images 20

Rotary urged to prioritise lasting partnerships in West Africa

October 19, 2026
Ikeddy Isiguzo jpg

Columnist questions future of Tinubu Coastal Highway

October 19, 2026
download 3

Madueke late goal gives Arsenal 1-0 win at Forest

October 19, 2026
images 19 1

Father, son die in Plateau tricycle crash

October 19, 2026
images 18 1

I don’t do comedy, I’m a dangerous man — Odumeje

October 19, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.